WaPo: White House To Steer G.M. Into Bankruptcy
The Washington Post reports that the Obama Administration is preparing to send General Motors into a planned bankruptcy as the end of next week, with the intention to give the company nearly $30 billion more in aid to help them restructure.
Obama’s Day Ahead
President Obama will sign the Weapons Systems Acquisition Reform Act, at 9 a.m. ET in the Rose Garden. At 10 a.m. ET, he will deliver the commencement at the U.S. Naval Academy in Annapolis, Maryland. At 3 p.m. ET, he will return to the Rose Garden to sign the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act.
Biden’s Day Ahead
Vice President Biden is spending the day in Beirut, Lebanon. He is meeting with President Michel Sleiman, Prime Minister Fouad Siniora, and Speaker of the Parliament Nabih Berri. He will also make an announcement with Defense Minister Elias Murr, on military assistance to the Lebanese Armed Forces.
Senate Votes For $91.3 Billion In War Spending
The Senate voted last night by an 86-3 margin to approve a $91.3 billion spending bill for the Iraq and Afghanistan wars. The bill will now go to House-Senate negotiations, with an expected final passage some time in June. The three dissenters came from the left and right: Progressive Democrat Russ Feingold of Wisconsin, independent socialist Bernie Sanders of Vermont — and conservative Republican Tom Coburn of Oklahoma.
U.S. Prisons Already Hold Convicted International Terrorists
The Washington Post points out that, despite all the arguments about whether to bring terror suspects to U.S. prisons, there are already 33 terrorists at the supermax prison in Colorado. Indeed, many of the prisoners there have ties to al-Qaeda, including Ramzi Youself, who headed up the first World Trade Center Bombing in 1993, and 9/11 conspirator Zacarias Moussaoui.
McCain’s Son Graduating From Naval Academy Today
John McCain will be attending the Naval Academy graduation ceremony today — where President Obama will be delivering the commencement address — for the graduation of his son John Sidney McCain IV. The younger McCain, commonly called “Jack,” is the fourth John Sidney McCain in a row to graduate from Annapolis.
Bush: It’s Liberating To Be Out Of Office
Former President George W. Bush gave the commencement address yesterday at Artesia High School in New Mexico, and said how he appreciates his return to the life of a private citizen. “I no longer feel that great sense of responsibility that I had when I was in the Oval Office,” said Bush. “And frankly, it’s a liberating feeling.”
