President Barack Obama addressed a joint session of Congress, offering a broad outline of a massive spending plan paired with $2 trillion in spending cuts over the next decade. “Now is the time,” he said, “to jump-start job creation, restart lending, and invest in areas like energy, health care, and education.”NPR.orgIt was announced that General Motors lost $30.9 billion last year; that U.S. GDP fell 6.2 percent in the fourth quarter of 2008, exceeding the officially predicted 3.8 percent drop, and even the 5.5 percent drop economists had expected; and that the U.S. government will own up to 36 percent …

Paul Wolfowitz announced that he would resign as president of the World Bank on June 30; the Bank in turn said that it accepted Wolfowitz’s assurances that he had acted “in good faith” when he oversaw a promotion for his girlfriend Shaha Riza.Fin24MSNBCThe GuardianJames B. Comey, deputy for former attorney general John Ashcroft, testified to the Senate Judiciary Committee that on March 10, 2004, Alberto Gonzales and Andrew Card had attempted to persuade Ashcroft (who was hospitalized and had temporarily given up his authority as attorney general to Comey) to reauthorize the Bush Administration’s domestic surveillance program, even though the …