The Note: Income, Iran, Iraq, Irish

WASHINGTON, Feb. 28

A day after the Dow's wild ride, Federal Reserve Chairman Ben Bernanke testifies at a previously scheduled hearing on the economy before the House Budget Committee at 10:00 am ET. If Iraq ever fades as an issue, "it's the economy, you genius," might end up a Democratic mantra in 2008 after all.

Ring 2 (non-Iraq legislative business) is dead; Ring 3 (2008) is 90% about fundraising for the next 31 days; and Ring 1 is at a critical, vital, essential, epoch crossroads. See our "Politics of Iraq" section and make your best guess now about how the "Perils of Harry and Nancy" will turn out.

Remember: it is rare for so many political players to be acting so much based on trying to do what they think is right, rather than doing the politically expedient thing. It is also rare for one side in a political fight to sustain a position that flies in the face of public opinion. But so it goes.

After a newsless, dark, and graceful Imus appearance, Sen. John McCain (R-AZ) attends the Irish-American Republicans 10th annual awards reception at the Women's Republican Club in New York City at 7:00 pm ET where he will be an honoree. He is also expected to appear on the "Late Show with David Letterman" tonight.

Sen. Hillary Clinton (D-NY) was scheduled to have an 8:00 am ET breakfast with the New York state delegation at the U.S. Capitol.

When the Libby trial jury deliberations resume this morning at 9:30 am ET, Judge Walton is expected to disclose what the jurors asked him in a Note before they left Tuesday afternoon. After the Note request is resolved it is expected the jury will continue to deliberate.

The House Republican leadership holds a 10:00 am ET media availability following the 9:00 am ET meeting of the House Republican Conference in the lobby of the Republican National Committee in Washington, DC.

President Bush holds a 1:55 pm ET meeting with Military Service Organizations in the Roosevelt Room of the White House.

Rep. Marty Meehan (D-MA) holds a 2:00 pm ET news conference to introduce legislation repealing the military's "Don't Ask, Don't Tell" ban on lesbian, gay and bisexual military personnel, at the Rayburn Office Building in Washington, DC.

ABC News' Jake Tapper reported this morning on "Good Morning America" about a wounded U.S. Marine, the first major casualty in the war in Iraq and who happens to be gay, will testify today about gays serving openly in the military. The Clinton-era "Don't Ask, Don't Tell" policy is being revisited in Congress. Activists are hoping to lift the ban on gays and lesbians serving in the military, which is drawing heavy criticism. LINK

In his first public address after his Oscar moment, former Vice President Al Gore delivers 6:30 pm ET remarks and presents his film "An Inconvenient Truth" at the University of Miami in Miami, FL.

House Speaker Nancy Pelosi Speaker Nancy Pelosi (D-CA) will be honored with the Excellence in Leadership Award from the Mexican American Legal Defense and Educational Fund at its 8th Annual Washington, D.C. Awards Dinner at 6:30 pm ET at the Capital Hilton.

At 10:15 am ET, Sens. Joe Lieberman (I/D-CT) Debbie Stabenow (D-MI) join former 9/11 Commissioner Richard Ben-Veniste and World Trade Center United Families Group Board member Bruce DeCell to call on Congress to fully implement the recommendations of the 9/11 Commission at an event in the Mansfield room in the U.S. Capitol.

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