Daily Political Wire

George Wenschhof

American Airlines Files Bankruptcy - the parent company, AMR, filed for chapter 11 bankruptcy this morning. They reported a loss of 162 million in the third quarter and have lost money in 14 of the last 16 quarters. The filing allows for reorganization while continuing to operate. You can read more here.

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Signatures Pouring in For Walker Recall - after just 12 days, over 300,000 signatures had been obtained in the effort to force a recall election for Republican Governor Scott Walker. The requirement is 540,000 signatures, (25% of the number of voters who participated in the previous election) within a sixty day period. TPM.com has more here.

The anti-union bill signed by the governor has spurred Democrats to collect signatures. Stay Tuned...

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Time For Cain to Exit - with the recent allegation by Ginger White of a 13 year affair with Republican presidential candidate Herman Cain, it is time for him to bow out of the race. His several week period as a serious contender has been shattered by his lack of knowledge of foreign policy and numerous allegations of inappropriate sexual behavior. The charade is over for Cain and he would be wise to drop out. The Washington Post has more here.

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Maxine Waters To Replace Frank on Finance Committee? - the retirement announcement by Rep. Barney Frank (D-Mass.) has triggered speculation as to who will replace him on the powerful House Financial Services Committee. Representative Maxine Waters (D-Calf.) is in line to become the senior Democrat on the committee. TheHill.com has more here.

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Gingrich Outlines 7 Part Immigration Plan - in a town hall meeting in S. Carolina yesterday. Politico.com has more here.

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Voting Continues in Egypt - voting continued on a second day for members of Parliament. The three phase voting process for members of Parliament to end in March. The NY Times has a good read here.

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