“Employers slashed jobs by 63,000 in February, the most in five years, the starkest sign yet the country is heading dangerously toward recession or is in one already. The Labor Department’s report, released Friday, also showed that the nation’s unemployment rate dipped to 4.8 percent as hundreds of thousands of people…left the civilian labor force.”
A new National Intelligence Estimate on Iraq is scheduled to be completed this month. But intelligence officials “have not decided whether to make its key judgments public” and “lean toward a return to the traditional practice of keeping such documents secret.”
“A House committee will question three Wall Street executives later today over compensation awards reaching hundreds of millions of dollars while shareholders bear the brunt of billions in writedowns from subprime mortgages.”
Alleging that the White House “made apparently false and misleading statements in court about the White House e-mail controversy,” CREW asked a federal judge yesterday “to demand an explanation” about “testimony at a congressional hearing last week” that is inconsistent with “what the White House told a federal court in January.”
In a new book, former U.S. Attorney David Iglesias says that a former protege of President Bush told him that he was fired for political reasons. “Iglesias recalls Texas U.S. Attorney Johnny Sutton telling him shortly after he was ousted. ‘If I were you, I’d just go quietly.‘”
Rep. Jack Kingston (R-GA) recently introduced an earmark moratorium bill, but House Appropriations Committee Chairman David Obey (D-WI) says Kingston “privately told him he was in favor of earmarks.” “You know, David, I am really for earmarks,” Obey said Kingston told him. Kingston confirmed the conversation.
Speaker of the House Nancy Pelosi (D-CA) signaled yesterday “that she is ready to fall back on the strategy of ‘ping-ponging’ alternatives” on the FISA bill between the House and the Senate. The two chambers have been unable to reach consensus on immunity for telecommunications companies.
U.S. Ambassador to Iraq Ryan Crocker “plans to leave Baghdad as early as January,” and retire from the foreign service, “not long after the top military commander, Gen. David H. Petraeus, is expected to rotate out of Iraq.”
The U.S. is seeking the extradition of suspected Russian arms dealer Viktor Bout, dubbed the “Merchant of Death.” U.S. government contractors reportedly paid “Bout-controlled firms roughly $60 million to fly supplies into Iraq in support of the U.S. war effort.” The military gave “Bout’s pilots millions of dollars in free airplane fuel.”
And finally: On his recent visit to the White House, John McCain ditched an opportunity to enjoy fine gourmet and instead ate a hot dog. “[President Bush] said he was having a hot dog, so I had a hot dog,” McCain said. The LA Times explains that a typical day for McCain “includes doughnuts in the morning, followed by an afternoon Coke-and-candy-bar snack.”
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