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today's papers No Strings Attached Posted Saturday, April 4, 2009, at 6:27 AM ET The Washington Post leads with word that the White House is quietly working to help companies circumvent restrictions on federal bailout money. The New York Times leads with the unemployment rate hitting 8.5 percent nationwide, the highest level in more than 25 years. The Los Angeles Times leads with a gunman killing 13 people and wounding four others at an immigration services center in Binghamton, N.Y., before taking his own life. The Wall Street Journal leads with reports that President Barack Obama is planning to lift some restrictions on travel to Cuba. The White House says it doesn't think companies will accept federal bailout money if the cash comes with restrictions, such as limits on executive pay. In order to get around the strings put in place by Congress, the White House is planning to distribute bailout money to shell companies, who will then hand it over to the intended recipients. The paper says most members of Congress had no idea this was happening, although it doesn't look like there's much lawmakers could have done about the situation in any case. Some legal experts are convinced, however, that these financial end-runs won't hold up in court. To continue reading, click here. Jesse Stanchak is a writer living in Washington, D.C.Join the Fray: our reader discussion forum What did you think of this article? POST A MESSAGE | READ MESSAGES Also In Slate Dickerson: Why Is Obama So Bad at Giving Gifts? Adventureland: Jesse Eisenberg Is Cute Enough To Spread on Toast The Week's Best Editorial Cartoons | Advertisement |
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