• John King, anchor of CNN’s “State of the Union with John King,” calls in at 6:30am Pacific to talk about homelessness and the economy, and about his upcoming show on Sunday.
• Comedian John Fugelsang joins us in studio at 8:06am Pacific to hang out and talk about the news of the day.
• The results of a “stress test” on the nation’s banks show that 10 of the nation’s 19 largest banks will need to raise a total of $74.6 billion in capital. Under the most severe economic scenario, regulators estimated losses could reach $600 billion for the group, the bulk of which coming from residential mortgages and other consumer loans such as credit cards.
• President Obama asked Congress yesterday to eliminate or trim 121 federal programs for a savings of $17 billion in the upcoming budget year. The proposed cuts amount to less than one-half of 1 percent of his $3.6 trillion federal budget outline. GOPers denounced his proposed reductions as too small.
• GOPer-turned-Dem Sen. Arlen Specter gained a Judiciary subcommittee chairmanship yesterday when Sen. Dick Durbin (D-IL) said he would give up his chairmanship of the Judiciary Crime and Drugs subcommittee so that Specter could have it.
• The Obama administration will not release terrorists from Guantanamo Bay into neighborhoods in the U.S., Attorney General Eric Holder told Congress yesterday as he sought to reassure worried lawmakers.
