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8:30 AM ET, November 24, 2008


 Top Items: 
Eric Dash / New York Times:
U.S. Approves Plan to Help Citigroup Cope With Losses  —  Federal regulators approved a radical plan to stabilize Citigroup in an arrangement in which the government could soak up billions of dollars in losses at the struggling bank, the government announced late Sunday night.
Mark Thoma / Economist's View:
The Citigroup Bailout  —  It's bailout time.  Let's start with Paul Kedrosky: … Yves Smith: … Calculated Risk has the Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup, while James Kwak says the bailout is “Weak, Arbitrary, Incomprehensible.”  I think he has it right:
Bradley Keoun / Bloomberg:   Citigroup Gets Government Guarantees on $306 Billion of Assets
Robert Schmidt / Bloomberg:
U.S. to Back $306 Billion in Citigroup Assets, Regulators Say
Discussion: naked capitalism
Lori Montgomery / Washington Post:
Democrats' Stimulus Plan May Reach $700 Billion  —  Spending Package Could Rival Financial System Bailout  —  Facing an increasingly ominous economic outlook, President-elect Barack Obama and other Democrats are rapidly ratcheting up plans for a massive fiscal stimulus program that could total …
Dschabner / Political Punch:
Goal: Stimulus Package on Obama's Desk by Jan. 20  —  Democratic sources tell ABC News that President-elect Obama's transition team is working with lawmakers on Capitol Hill so that on Obama's first day in office, Jan. 20, 2009, an economic stimulus package has passed both houses of Congress and is awaiting his signature.
The Politico:
Obama skips church, heads to gym  —  President-elect Barack Obama has yet to attend church services since winning the White House earlier this month, a departure from the example of his two immediate predecessors.  —  On the three Sundays since his election, Obama has instead used his free time to get in workouts at a Chicago gym.
Nate Silver /
Projection: Franken to Win Recount by 27 Votes  —  As we wrote yesterday evening, the ever-increasing number of challenged ballots in Minnesota is making it more and more difficult to determine the extent to which Al Franken is in fact gaining ground in the state's recount process.
Forbes: Paulson is ‘worst’ treasury secretary in modern times  —  WASHINGTON (CNN) — Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we've had in modern times”, citing, among other things, the government's handling of the housing crisis.
William Kristol / New York Times:
Admit We Don't Know  —  “In my view it has to be between five and seven hundred billion dollars,” proclaimed Senator Charles Schumer Sunday on ABC's “This Week.”  The “it” is the economic stimulus package the new Congress intends to send to the new president, Barack Obama, in January.
Discussion: The Moderate Voice and marbury
CAIR Sued by Former Clients for Racketeering, Fraud, & Breach of Fiduciary Duties  —  For more information:  —  David Yerushalmi, Esq.  —  Law Offices of David Yerushalmi  —  —  646.262.0500  —  Washington, DC: Four clients of the Council …
Baron Bodissey / Gates of Vienna:
Serving CAIR At Its Own Banquet
Discussion: Atlas Shrugs and Gateway Pundit
Carrie Johnson / Washington Post:
As President Bush's Term Comes to an End, Some Well-Known Offenders Seek Pardons  —  With a backlog of applications piled up at the Justice Department, high-profile criminals and their well-connected lawyers increasingly are appealing directly to President Bush for special consideration …
Discussion: and Truthdig
John Hallmann / The Huffington Post:
Why America Feels Like it's Been Ruled by a Foreign Occupier  —  As Obama takes over the wreckage this country is in, one can't help but feel like something alien to America has been controlling it these past eight years.  The wave of emotion that has erupted with the election of Barack …
Christopher Wood / Wall Street Journal:
The Fed Is Out of Ammunition  —  A discredited dollar is a likely outcome of the current crisis.  —  With an estimated $4 trillion in housing wealth and $9 trillion in stock-market wealth destroyed so far in the United States, there is little doubt that we are witnessing a classic debt-deflation bust …
Discussion: Betsy's Page
Howard Kurtz / Washington Post:
Media Notes: An Interview With Outgoing White House Press Secretary Dana Perino  —  The network stars were gone, the seats half empty and the questioning low-key as Dana Perino held a White House briefing last week, her biggest announcement that the administration would try to ease air traffic for the holidays.
Noam Scheiber / The New Republic:
Some Final Backstory on Geithner  —  I've tried to lay out the reasons why Obama would want Tim Geithner as his Treasury secretary.  Now that the day of the big announcement is here, I figured I'd address the “how” of it, too.  —  My sense is that two Obama transition officials …
Discussion: marbury
Andrew Sullivan / The Daily Dish:
The Golden Straitjacket Of Foggy Bottom  —  My positive take on Clinton at State in the Sunday Times: … (Photo: Brendan Smialowski/Getty.)
Desi / Greatscat!:
Grim and Grimmer  —  As bleak as the fate of the Big Three is looking at the moment, and life for the autoworkers, and their various suppliers, the picture has been steadily getting even darker on the possible alternative jobs front.  —  Some had hoped that the makers of agricultural machinery …
Agence France Presse:
Worst of financial crisis yet to come: IMF chief economist … The IMF's chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.  —  Olivier Blanchard also warned that the institution does …
Discussion: The Moderate Voice and Don Surber
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 More Items: 
Jim Henley / Unqualified Offerings:
Dry Your Eyes, Emo Kid
Discussion: Matthew Yglesias
Jodi Kantor / New York Times:
An Old Hometown Mentor, and Still at Obama's Side
Discussion: The Swamp
Nick Timiraos / Wall Street Journal:
Builders Make Plea for Federal Aid
Booman Tribune:
Casual Observation  —  At this point, I am about 99% sure …
Robert G. Kaiser / Washington Post:
Pollsters Debate America's Political Realignment
Con Coughlin / Telegraph:
Iran receives al Qaeda praise for role in terrorist attacks
 Earlier Items: 
John Amato / Crooks and Liars:
Neil Cavuto in screamathon with Ben Stein over our failed economy …
Discussion: Hullabaloo
Matt Corley / Think Progress:
Woodward: Bush 'Doesn't Like Homework,' Which Means 'Reading …
Discussion: Liberty Street
Watertiger / Dependable Renegade:
“Screw it. Ah'm off the wagon an' lovin' it.”
Discussion: The Reaction
Mark Silva / The Swamp:
Rahm Emanuel: Saturday Night Live
Andy Newman / New York Times:
Irony Is Dead. Again. Yeah, Right.
Discussion: Prairie Weather and Althouse