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A branch office of Capital One Bank is shown in New York. Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. (Photo by Mark Lennihan / AP)

Weeding the budget

President Obama offered a more detailed look at his 2010 budget proposal, which includes recommendations to cut funding for 121 federal programs and save $17 billion in 2010.

CNNMoney

Speech:

Obama announces budget cuts

MSNBC

Presidents vow unity against insurgents in sessions

President Obama and the presidents of Afghanistan and Pakistan heralded "unprecedented cooperation" after a series of meetings aimed at creating a coordinated policy against insurgents.

USA TODAY

General: Taliban hit civilians, blamed US

CBS News

Declining mail volume pushes post office $1.9 billion in the red for second quarter

The post office was $1.9 billion in the red for the second quarter of the fiscal year and continues to face the possibility of running out of money before year's end.

Star Tribune

Bank stress tests show banks need more funds

Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds.

Examiner

Regulators put bank CEOs on notice

CNNMoney

Will anyone want to buy banks’ toxic assets?

Christian Science Monitor

FBI watchlist errors may have permitted known terror suspects to enter US

Suspected terrorists known to the FBI may have been allowed to enter the United States because the bureau's agents failed to put their names on the terrorist watch list.

ABC News

Md. Senator pitches nonprofit newspaper plan

A way to save some of the nation's newspapers would be to let them become nonprofits like public broadcasting stations, a senator said as editors and journalists painted a grim future for journalism.

Baltimore Sun

Marchionne to be Chrysler chief

Sergio Marchionne, the chief executive of Fiat Group, has said he will also become chief executive of Chrysler once it emerges from bankruptcy protection. The troubled U.S. automaker filed for bankruptcy last week.

BBC

Bankruptcy judge approves bidding procedures for Chrysler

Reuters

NATION

At least 13,000 flee as Schwarzenegger declares state of emergency

Winds swirled and homes of all sizes burned as a wildfire descended on the scenic coastal city of Santa Barbara amid hot, dry conditions that resembled late summer more than the middle of spring.

San Francisco Chronicle

Inferno in Santa Barbara hills

MSNBC

NYC teens chide Palin's abstinence call

New York City students who heard Bristol Palin's warnings against teen pregnancy say they might consider abstinence, but they wouldn't take advice on it from the young unwed mother.

ABC News

Bristol Palin on media tour

YouTube

POLITICS

Poll: Americans split over investigating torture allegations

American public opinion is split almost evenly over whether a bipartisan blue-chip commission should be created to investigate how the government interrogated detainees.

McClatchy Newspapers

Dem centrists press to shelve climate bill

Democratic centrists are pressing House Speaker Nancy Pelosi to set aside a flagging climate change bill to focus on what they think is a more achievable goal: overhauling the nation’s healthcare system.

The Hill

Maine legalizes same-sex marriage

Same-sex marriage became legal in Maine as Gov. John Baldacci signed a bill immediately after legislature approval.

CNN

DC approves same-sex marriage law

BBC

Pelosi: Don't interfere on gay marriage issue

The Hill

SCIENCE & TECHNOLOGY

NASA mission to revive Hubble Telescope

The Hubble Space Telescope, one of the greatest scientific instruments of all time, is about to get a makeover — an overhaul so delicate and risky that NASA astronaut John Grunsfeld likens it to "brain surgery."

USA TODAY

'Hobbits' couldn't hustle

An analysis of the feet of Homo floresiensis — the miniature hominins who lived on a remote island in eastern Indonesia until 18,000 years ago — may reveal how similar this population was to modern humans.

ScienceDaily

LIVING & ENTERTAINMENT

Bravo steps back onto the runway

The Bravo network says auf Wiedersehen to Heidi Klum and Tim Gunn and "howdy" to designer Isaac Mizrahi and Grammy winner Kelly Rowland, who will co-host Bravo's "The Fashion Show."

Sacramento Bee

Madoff Ponzi scheme victim sells Picasso for $14.6 million at Christie’s

A five-foot-tall Picasso was sold by a victim of Bernard Madoff’s Ponzi scheme at Christie’s International for $14.6 million, easing the mood from the day before, when one of the painter’s works flopped.

Bloomberg

Tale of 2 Picassos

Daily Mail

RELIGION & SPIRITUALITY

Taliban urge Afghans to resist conversion

Afghanistan's Taliban have urged Afghan Muslims to resist anyone trying to convert them, after a television network aired pictures of U.S. soldiers in the country with bibles translated into local languages.

Reuters

Day of Prayer snub stirs controversy

While millions of Americans are holding special events in honor of the National Day of Prayer, President Obama — unlike his predecessor — has chosen not to host an event at the White House.

Dayton Daily News

EDUCATION

Vouchers in DC to get reprieve

President Obama's budget proposal is expected to extend federal funding for a D.C. school-voucher program permitting underprivileged children in the District to go to private schools.

Washington Times

Stimulus aims to help close digital divide

With more than $7 billion set aside for increasing broadband access in the United States, the federal stimulus presents a huge opportunity for schools and communities to help close the digital divide.

eSchool News

Columns And Op-Ed

The opinions in the items below are not necessarily those of DailySource or our editors. Read more.

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GOOD NEWS

Coach does his part, and MSU charity production is a winner

A packed house laughed and cheered while watching Michigan State basketball coach Tom Izzo, his family and members of the men's basketball team perform to raise money for the American Cancer Society.

Detroit Free Press

Volunteering increases retirees' lifespan?

In a study of retirees, researchers found that volunteering may improve health outcomes by expanding social networks, increasing their access to resources and improving their sense of self-worth.

Tehran Times

WORLD

Somali pirates seize German ship

A German cargo ship carrying 11 crew members in the Gulf of Aden called for help as it was being attacked by Somali pirates, but by the time help arrived the pirates were already in control.

MSNBC

Anti-government clash in Georgia