The Note’s Must-Reads for Wednesday, June 10, 2009

The Note's Must-Reads for Wednesday, June 10, 2009

The Note's Must-Reads are a round-up of today's political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at http://www.abcnews.com

Compiled by ABC News’ CARRIE HALPERIN, KRISTEN RED-HORSE, JAYCE HENDERSON, CLAUDIA MORALES, GEORGIA DAWKINS AND VALENCIA WICKER

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PRESIDENT OBAMA AND HIS ADMINISTRATION:

ABC News’ Jake Tapper: “President Obama, PAYGO, and the Deficit Hole” LINK

Washington Times' Jon Ward: “Obama touts $1.8 billion 'profit' on bailout” LINK

Bloomberg’s Jesse Westbrook, Robert Schmidt and Rebecca Christie: “U.S. Said to Seek New Powers for SEC Over Banks’ Executive Pay” LINK

The Boston Globe’s Lisa Wangsness: “Neal: Obama wants investments in primary care” LINK

The Boston Globe’s Foon Rhee: “Maine professor nominated for Army post” LINK

The New York Times’ Sheryl Gay Stolberg: “Obama Aims to Revive Pay as You Go” LINK

Time Magazine’s Jay Newton-Small: “ Not so fast” LINK

New York Daily News’ Staff: “Newt Gingrich, Sarah Palin and Jon Voight — yes, Jon Voight — go after Pres. Obama” LINK

ECONOMY:

ABC News’ Matthew Jaffe and Zunaira Zaki: “Treasury: 10 Banks Can Repay TARP Billions” LINK

The Hill's Silla Brush: “Bank PAC money keeps pace” LINK

Los Angeles Times' Ralph Vartabedian, Jim Puzzanghera and Walter Hamilton: “10 big banks given approval to return $68 billion in bailout money” LINK

Bloomberg’s David Mildenberg: “Banks Seeking to Escape TARP Focus on $5 Billion of Warrants” LINK

USA Today’s Matt Kelley: “Stimulus spending spawns requests” LINK

USA Today’s Matt Kelley: “Sen. Sent requests, then voted no on stimulus” LINK

Washington Times' Anne Flaherty and Jeannine Aversa: “Fed subpoenaed over Merrill” LINK

The New York Times’ Eric Dash: “10 Large Banks Allowed to Exit U.S. Aid Program” LINK

The Boston Globe’s Foon Rhee: “Biden to go on stimulus road show” LINK

CONGRESS:

The Hill's Aaron Blake: “Deeds shocker gives Dems safer centrist in Va.” LINK

The Hill's Ian Swanson: “Frank defends intervention to save GM facility in his district” LINK

The Hill's Jared Allen: “Dems grapple with GOP intel disclosures” LINK

Washington Times' Chuck Neubauer: “House quietly restricts ethics probes” LINK

Washington Times' S.A. Miller: “Gun control measure foils House voting bill” LINK

Washington Times' Tom LoBianco: “GOP senators seek to slow Sotomayor timeline” LINK

The Wall Street Journal’s Jonathan Weisman: “Democrats Mix Signals on Deficit” LINK

Politico’s David Rogers: “War bill tally could top $105B” LINK

The New York Times’ Robert Pear: “Democrats Nearing Consensus on Health Plan” LINK

The New York Times’ John Broder: “House Republicans Draft Energy Bill With Heavy Focus on Nuclear Power” LINK

The Washington Post’s Perry Bacon Jr.: “Left, Right Press Obama on War Funds” LINK

The Washington Post’s Anita Kumar: “Deeds Surges to Stunning Win in Va.” LINK

Time Magazine’s Jay Newton-Small: “Will Dems (and McAuliffe) Buck Tradition in Virginia?” LINK

HEALTH CARE:

ABC News’ Jonathan Karl and Kristina Wong: “Democrats Unveil Health Care Proposal, Republicans Balk” LINK

The Hill's Mike Soraghan: “House Dems show first draft of health reform bill” LINK

Los Angeles Times' Noam N. Levey: “A healthcare reform bill will affect nearly everyone” LINK

The Wall Street Journal’s Naftali Bendavid and Janet Adamy: “Health-Care Bills Begin to Crystallize” LINK

USA Today’s Rita Rubin: “FDA panel to vote on antipsychotic drugs for kids” LINK

USA Today’s John Fritze: “Moderates in congress feel health care push” LINK

The Washington Post’s Lori Montgomery: “Tax on Health Benefits Weighed” LINK

The Washington Post’s Shailagh Murray: “On Health Care, Congress Must Navigate Tricky Political Terrain” LINK

Time Magazine’s Karen Tumulty: “The House's Health-Care Plan: More Moderate Than Expected” LINK

AUTO INDUTRY:

Los Angeles Times' Ken Bensinger and David Savage: “Supreme Court won't block Chrysler merger” LINK

Bloomberg’s Mike Ramsey and Lizzie O’Leary “Fiat Said to Buy Chrysler Assets Today to Form New Automaker” LINK

SUPREME COURT:

ABC News' Lee Ferran: “Juan Sotomayor on Siste Sonia’s critics: ‘Angry Is Just the Beginning” LINK

The Wall Street Journal’s Nathan Koppel: “Ruling on 'Probable Bias' Spotlights Political Reality” LINK

Newsweek’s Katie Connolly: “Sotomayor: Woman of Steel?”LINK

The New York Times’ David Herszenhorn: “Hearings on Sotomayor Are Set to Begin on July 13” LINK

The New York Times’ John Schwartz: “Uncertainty in Law Circles Over New Rules for Judges” LINK

FOREIGN AFFAIRS:

ABC News' Richard Esposito and Aaron Katersky and Jason Ryan: “Gitmo Detainee Pleads Not Guilty to Embassy Bombing Charges” LINK

Boston Herald Editorial Staff: “From Gitmo to Big Apple” LINK

Newsweek’S Jessica Ramirez: “Children of Conflict” LINK

Los Angeles Times' Robyn Dixon: “People of Niger Delta see new beginning in settlement for executions” LINK

ABC NEWS VIDEO:

“789 Chrysler Dealerships Bite the Dust” LINK

“Dems Unveil Healthcare Plan; GOP” LINK

“Palin vs. Gingrich: Clash of the GOP Titans” LINK

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