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5:10 AM ET, January 30, 2009

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CNBC.com:
Bank Bailout Could Cost Up to $4 Trillion: Economists  —  The cost of restoring confidence in U.S. financial firms may reach $4 trillion if President Barack Obama moves ahead with a “bad bank” that buys up souring assets.  —  The figure far exceeds even the most pessimistic estimates …
Wall Street Journal:
U.S. Eyes Two-Part Bailout for Banks  —  The nation's top economic officials are discussing a new way to stabilize the financial system by buying a portion of banks' bad assets and offering guarantees against future losses on some of the remainder, in an effort to help banks while trying to mitigate the cost to taxpayers.
New York Times:
Democrats Set Sights on Republican Senators Who Oppose Stimulus Plan
Discussion: Pajamas Media
New York Times:
Blagojevich Ousted by Illinois State Senate  —  SPRINGFIELD, Ill. — The Illinois State Senate on Thursday convicted Gov. Rod R. Blagojevich on a sprawling article of impeachment that charged him with abusing his power.  The vote prompted the governor's immediate and permanent ouster …
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Christopher Wills / Associated Press:
Ill. gov unanimously convicted, tossed from office  —  SPRINGFIELD, Ill. - Gov. Rod Blagojevich was unanimously convicted at his impeachment trial and thrown out of office Thursday, ending a nearly two-month crisis that erupted with his arrest on charges he tried to sell Barack Obama's vacant Senate seat.
Discussion: Chicago Sun Times
Andy Barr / The Politico:
Blago: I did it for the children
CNN:
Illinois senators begin deliberations on Blagojevich
Discussion: PoliBlog
Kevin Sullivan / RealClearPolitics:
RNC Chair Race Reaches Finish Line  —  By Greg Bobrinskoy  —  With this Friday's RNC Chair election fast approaching, the divide between what committee members are looking for has come down to the two buzzwords of competency versus change.  The race has been seen as a virtual tie among …
Discussion: race42008.com
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Manuel Roig-Franzia / Washington Post:
For GOP, a Case of Misshapen Identity
Discussion: Firedoglake
Ralph Z. Hallow / Washington Times:
‘Dirtiest ever’ race for RNC chairman
Discussion: The Campaign Spot
Jared Allen / The Hill:
Pelosi dismisses need for bipartisanship  —  House Speaker Nancy Pelosi (D-Calif.) said she didn't come to Washington to be “bipartisan”, one day after shuttling through an $819 economic stimulus bill without a single Republican vote.  —  “I didn't come here to be partisan …
Discussion: The Reaction and Hot Air
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Victoria McGrane / The Politico:
Kerry: Ignore Republicans if they'll vote no anyway
Discussion: The Democratic Daily and Daily Kos
Glenn Thrush / Glenn Thrush's Blogs:
“I am the Speaker of the House. I don't get into that.”
Discussion: CBS News and TIME.com
The Huffington Post:
Dems To Leadership: Cut GOP Loose
Matthew Lee / Associated Press:
Professor who slammed Clinton will be Obama aide  —  WASHINGTON (AP) — Samantha Power, the Harvard University professor who earned notoriety for calling Hillary Rodham Clinton a “monster” while working to elect Barack Obama president, will take a senior foreign policy job at the White House, The Associated Press has learned.
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Al Kamen / Washington Post:
Redecorating Time in Foggy Bottom  —  It was, of course, sadly inevitable.  The smell of fresh paint wafting last week through the hall heading to the State Department cafeteria signaled the demise of the Bush Diplomatic Hall of Glory — that series of lovely photographs that touted …
Discussion: Firedoglake
The Huffington Post:
Judd Gregg: Commerce Secretary?  —  There is a strong possibility that Barack Obama will ask Sen. Judd Gregg (R-NH) to serve as his Secretary of Commerce, Democratic Senate aides tell the Huffington Post.  —  The move would fill a vacancy that has lingered since Gov. Bill Richardson withdrew his nomination.
Discussion: D-Day, MyDD, Open Congress and Salon
RELATED:
Myglesias / Matthew Yglesias:
Judd Gregg for Commerce?
Discussion: Balloon Juice
Zac Frank / Slate:
What a 1988 college thesis by the former vice president's daughter tells us about the Bush presidency.  —  When I worked at the library at Colorado College, I quickly discovered the job had few perks.  The free book loans on demand were little better than subprime mortgages when you realized anyone could get them.
Associated Press:
Army suicides at record high, passing civilians  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Stressed by war and long overseas tours, U.S. soldiers killed themselves last year at the highest rate on record, the toll rising for a fourth straight year …
Chuck Carlton / Associated Press:
Former President George W. Bush, wife attend Baylor women's basketball game  —  ccarlton@dallasnews.com  —  A big women's basketball game between No. 2 Oklahoma and No. 4 Baylor just gained added prestige.  —  Former President George W. Bush and wife Laura attended Wednesday's game.
Kevin Freking / Associated Press:
Senate passes bill to expand child health coverage  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The Democratic-controlled Congress moved a step closer to handing President Barack Obama an early health care victory Thursday as the Senate passed …
Discussion: Reuters, The Treatment and D-Day
The Daily Beast:
Sticking It to Rahm  —  We Hate Rahm: Inside the GOP's Obama Revolt by John Batchelor  —  Blogs and Stories  —  Emanuel, working with his old boss and ally, Speaker of the House Nancy Pelosi, made it easy for the Republicans to resist.  Every penny in the more than 600-page bill came …
Discussion: Blogs and Stories
Eric Lichtblau / New York Times:
U.S. Says Jailed C.I.A. Mole Kept Spying for Russia  —  WASHINGTON — Since 1997, Harold Nicholson has been locked in a federal prison in Oregon, the highest-ranking officer of the Central Intelligence Agency ever convicted of espionage.  —  But even as federal inmate No. 49535-083 …
David Cay Johnston / CJR:
Who's Undercutting Obama?  —  For the moment, at least, it's his press office  —  It's 3 p.m. and the phone in the White House press secretary's office is ringing.  It rings and rings and rings.  Eventually, a recorded voice asks callers to leave a message—followed by a second voice saying the voicemail box is full.
Peter Finn / Washington Post:
Military Judge Denies Obama Request to Suspend Hearings at Guantanamo  —  A military judge in Guantanamo Bay has denied the Obama administration's request to delay proceedings for 120 days in the case of a detainee accused of planning the October 2000 attack on the USS Cole warship …
 
 
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 More Items: 
Michael Isikoff / Newsweek:
Bush lawyer directs Rove not to talk to Congress—once again
Discussion: Emptywheel
Justin Elliott / TPMMuckraker:
Saddam-Qaeda Conspiracy Theorist Surfaces Writing Iraq Reports For The Pentagon
Discussion: Hullabaloo
Charlie LeDuff / Detroit News:
Life goes on around body found frozen in vacant Detroit warehouse
Discussion: The Raw Story
Paul Blumenthal / Sunlight Foundation:
White House Breaks Transparency Promise
Reuters:
Chavez tells Obama to give Guantanamo back to Cuba
Discussion: Firedoglake
Dana Blanton / Fox News:
FOX News Poll: Teary-Eyed Thumbs Up for Obama
Discussion: Political Machine
 Earlier Items: 
Julian Borger / Guardian:
Soft-spoken line from Washington may terrify Tehran
Eileen Sullivan / Associated Press:
Homeland secretary wants criminal aliens out of US
Discussion: PoliGazette and JammieWearingFool
Mary Katharine Ham / Weekly Standard:
Republican Strategy: Just Have Nancy Pelosi Continue to Explain the Stimulus
Discussion: Hot Air
Todd Woody / Green Wombat:
Wind jobs outstrip the coal industry
Michelle Malkin:
You've got hate mail!
Ben Smith / Ben Smith's Blogs:
Blago: Fire Rahm