Daily Political Wire

George Wenschhof

U.N. Votes for Military Action in Libya - Libya Declares Cease Fire- Russia and China abstained from the security council vote. Looks like France will be the first in with air strikes likely as Libyan forces loyal Gaddafi close in on the last stronghold held by rebels. The NY Times has more here.

Libya responded to the U.N. vote with a declaration of a cease fire. Stay Tuned...

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6 More Billion Cut From Budget - the Senate voted yesterday to approve the House stopgap funding bill. President Obama is expected to sign the bill today. It provides funding to federal agencies until April 8. The Washington Post has more here.

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House Republicans to Propose Entitlement Cuts in FY'12 Budget - Representative Paul Ryan (R-Wis.) who is the chair of the House Budget Committee says he will introduce a budget proposal in early April which will includes cuts to medicaid, social security and medicare which amounted to 43% of the federal budget in 2010. TheHill.com has more here.

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Obama To Latin America - the much delayed trip is now a go. The president will visit Chile, Brazil, and El Salvador. Trade will be a major issue discussed as the president would like to boost U.S. exports. The Wall Street Journal has more here.

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Japan May Bury Nuclear Plant - as the crisis continues, the idea of burying the nuclear plant is increasingly becoming the only viable option to contain nuclear fall out. The same action was taken to contain the leakage from the Chernobyl ractor in Russia back in 1986. Reuters.com has more here.

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