TPM News

The corporate lawyer who acted as the Justice Department's inside man at AIG is reportedly set to take the number two spot at DOJ.

James Cole, an attorney with Bryan Cave, was placed as a government monitor inside AIG -- reporting back to DOJ and SEC -- as part of a 2004 deferred prosecution agreement after AIG had been charged with helping a client, PNC Bank, avoid taxes. AIG also paid an $80 million fine as part of that deal.

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It wasn't that long ago that Marco Rubio was the outsider candidate in the Florida GOP Senate primary. But with Gov. Charlie Crist flirting more and more with dropping out of the race and switching to an independent bid -- not to mention Rubio's surging poll and fundrasing numbers -- Rubio is racking up establishment endorsements faster than you can say "bandwagon."

Case in point: House Minority Whip Eric Cantor endorsed Rubio this morning, joining the list of establishment Republicans that includes Mitt Romney and Rudy Giuliani.

"Marco Rubio is just the type of leader our country needs and will make an excellent Senator for the State of Florida," Cantor said in a statement today.

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Rahm: I Want To Be Mayor Of Chicago White House Chief of Staff Rahm Emanuel told PBS that he would like to eventually run for Mayor of Chicago. "I hope Mayor [Richard] Daley seeks re-election. I will work and support him if he seeks re-election," said Emanuel. "But if Mayor Daley doesn't, one day I would like to run for mayor of the city of Chicago. That's always been an aspiration of mine, even when I was in the House of Representatives."

Obama's Day Ahead President Obama will depart from Los Angeles, California, at 11:40 a.m. ET. He will arrive at Andrews Air Force Base at 4:05 p.m. ET, and at the White House at 4:20 p.m. ET.

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President Obama was heckled by gay rights protesters last night during a campaign fundraising speech for Sen. Barbara Boxer (D-CA).

Several protesters interrupted Obama's speech to show their anger over the slow progress on repealing "Don't Ask Don't Tell" -- the military's ban on gay service members.

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As Democrats prepare for a financial reform battle with Republicans, the Democratic National Committee this morning is going up on national cable television with an ad reminding voters about the 2008 election. The new 30-second spot stars none other than Sen. John McCain and a flashback to his "fundamentals" of the economy "are strong" line that Democrats played on an endless loop in the final weeks of the campaign.

"For years Republicans stood by while Wall Street ran wild," the narrator says in the ad, obtained early by TPMDC.

Before replaying the the McCain line from September 2008, the narrator reminds voters of when the economy collapsed at the close of the campaign. That was a major factor in Barack Obama's surge in the polls and eventual electoral victory. The spot goes after Senate Republicans who appear to be united against the bill backed by Obama and Democratic leadership, saying they are "working with Wall Street lobbyists to block reform" that would prevent the need for future bailouts.

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The fate of financial reform in the Senate remains very much in flux tonight, with Democrats facing the stark reality that Senate Minority Leader Mitch McConnell has once again managed to unite his caucus in opposition to the Dems' top legislative initiaive. But Democrats remain determined to bring their bill up for a key test vote as early as Monday, and have statements from a number of Republican senators to point to as evidence that they will prevail sooner rather than later.

Is it the same Lucy and Charlie Brown routine again?

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Gov. Charlie Crist (R-FL) has confirmed that he is considering an independent campaign for Senate.

"I can tell you I'm getting a lot of advice in that direction," Crist told ABC Action News in Tampa. "I'm a listener and so I'm certainly listening to it,"

"The law gives you until April 30 to make such a declaration," Crist added. "And I'm gonna take my time and be as thoughtful as I think I need to be, and it should be for the people before making that decision."

It would be going too far to say Sen. Olympia Snowe (R-ME) is a shoe-in to vote for the Democrats' financial regulatory reform bill. But after a meeting with Treasury Secretary Tim Geithner this afternoon, she sounded much more optimistic about the prospects for a swift bipartisan vote on a slightly modified package than she did last week--and that's even if she's the only Republican who ends up voting with the Democrats.

"I'm optimistic that maybe the Democrats won't go forward with the bill as it is," Snowe told reporters outside her office. "Over the next few days, hopefully, something will change to make that possible. I don't see why it would be impossible because frankly I think that there isn't that much of a gap."

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