Obama will announce his pick of Sen. Judd Gregg (R-NH) as Commerce secretary at an 11 a.m. ET press conference this morning. That and the day’s other political news in the TPMDC Morning Roundup.

In an interview with TPMmuckraker, Karl Rove’s attorney says his client will cooperate with Nora Dannehy’s criminal investigation into the U.S. attorney firings and has already spoken with investigators conducting the internal DOJ probe into whether the prosecution of former Alabama Gov. Don Siegelman was politically motivated.

CBO says 78% of the Stimulus Bill will hit the economy over two years.