Daily Political Wire

George Wenschhof

Obama Continues To Tout His 4 Trillion Budget Reduction Plan - yesterday, he was at Facebook headquarters for a town hall meeting which was streamed live online. FirstRead.com has more here. Today, the president will be in Reno, Nevada.

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Cantor Says No Debt Ceiling Raise Without Major Cuts - House Majority Leader Eric Cantor (R-Va.) spoke just one day after being named to a presidential task force on the budget reduction.

The latest Congressional battle of "chicken" between the Republicans and Democrats will come to a head within the next month as the 14.3 debt ceiling is reached. Politico.com has more here.

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BP sues Over Gulf Oil Spill - as expected, suits have been filed against Haliburton and Transocean, on eyear after the disaster. Both suits were in the range of 42 billion as fingers continue to point as to who was responsible for the explosion, the death of workers on the oil rig and the damage from the oil. TPM has more here.

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3,200 Abandoned Oil Wells in Gulf - AP reported yesterday evening that 3,200 abandoned oil wells in the Gulf of Mexico have not been sealed and merely sitting there unused with risks of significant leaks. This is in addition to the more than 27,000 wells who were sealed but receive no regular monitoring. A disturbing report. You can read more here.

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Battle for Misrata in Libya Continues - the only remaining major city held by rebels in the western part of the country. Photojournalist Peter Hetherington was among those recently killed in the fighting. Dissension continues within NATO as to the scope of their mission. Reuters.com has more here.

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Japan Bans Residents From Radiation Zone - in a legal move to ensure residents do not venture back to their homes. Unfortunately, residents fled back to their homes to grab clothing and mementos. The Washington Post has more here.

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