Zack Roth unpacks the allegations involving payments from RNC Chairman Michael Steele’s 2006 Senate campaign to a company run by his sister.

Tomasky: “I love the smell of stimulus spending in the morning. It smells like … victory.”

Calling Obama’s new bank rescue plan a “plan” may give Geithner Summers et al. too much credit. Floyd Norris notes in today’s NYT (my emphasis):

Details of the new plan, which were still being worked out during the weekend, are sketchy. And they are likely to remain so even after Treasury Secretary Timothy F. Geithner announces the plan on Tuesday.

That’s reassuring.