Chrysler succumbs to bankruptcy after struggle

After months of struggling to stay alive on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat.

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Officials cite progress drafting Afghan benchmarks (AP)

FILE -- In this April 16, 2009 file photo, Defense Secretary Robert Gates speaks to the U.S. Army War College student body and faculty,in Carlisle, Pa.  (AP Photo/Carolyn Kaster, FILE)AP – Under pressure from Congress to develop ways to measure progress in Afghanistan, two top aides to President Barack Obama said the administration was readying benchmarks to gauge security, governance and economic development there.

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Case of the missing law clerks: Is Justice Souter’s silence on hiring a signal he’s retiring?

The case of the missing law clerks is this spring’s most-watched mystery at the Supreme Court.

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Dems struggle with Gitmo politics (Politico)

Politico – Republicans are pushing the hot-button issue of what will be done about Guantanamo’s prisoners—so much so that Democrats signaled Thursday that they will likely drop language sought by the Pentagon to authorize the use of war funds to relocate the inmates.

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Dems blame W.H. for bankruptcy bill (Politico)

Politico – Senate Majority Whip Dick Durbin blames the powerful banking lobby for Thursday’s defeat of legislation he championed empowering bankruptcy judges to modify some troubled mortgages.

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McDowell Commends Clyburn For FCC Nomination

Republican Commissioner Robert McDowell was first out of the gate at the FCC with a shout-out to future fellow commissioner Mignon Clyburn.

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Frustrated Durbin Fights Bank Lobby on ‘Cramdown’ (CQPolitics.com)

CQPolitics.com – Practically cursing at a lobbying juggernaut that he “frankly can’t match,” Sen. Richard J. Durbin watched — again — as his amendment that would give bankruptcy judges the option of changing the terms of a mortgage fell to a united Republican caucus and a few steadfast Democrats.

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Obama Resisting Push for Interrogation Panel

President Obama told Democratic leaders that a full inquiry would steal energy from his agenda.

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House passes credit card bill that helps consumers (AP)

AP – Riding a crest of populist anger, the House on Thursday approved a bill to restrict credit card practices and eliminate sudden increases in interest rates and late fees that have entangled millions of consumers.

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Does Souter’s silence on hiring mean he’s leaving? (AP)

AP – The case of the missing law clerks is this spring’s most-watched mystery at the Supreme Court.

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Obama wants weapons-buying bill by Memorial Day (AP)

AP – President Barack Obama says he wants Congress to send him a bill by Memorial Day to save billions of dollars by overhauling the process for buying military weapons systems.

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Obama praises vets at bike ride kickoff (AP)

AP – It’s called the “White House to Lighthouse” ride for wounded warriors from Iraq and Afghanistan. President Barack Obama says like a lot of great ideas, it originated in a bar.

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