The Note: A Bee to a Crying Face

Treasury Secretary John Snow addresses the American Iron and Steel Institute meeting in Washington, DC, at 11:50 am ET. Rep. Joe Barton (R-TX) delivers the keynote at 9:00 am ET.

Former New York Mayor Rudy Giuliani addresses the Armed Forces Communications and Electronics Association in Washington, DC at 9:00 am ET.

At noon ET, Reps. Mike Pence (R-IN) and Albert Wynn (D-MD) hold a pen-and-pad briefing on "The 527 Fairness Act." Shortly before, at 11:30 am ET, the Campaign Legal Center, Common Cause, Democracy 21, the League of Women Voters and Public Citizen hold a conference call to denounce the decision to mark up the bill.

At 12:15 pm ET, British foreign secretary Jack Straw delivers his first policy address since the May 5 British elections at the Center for Strategic and International Studies, discussing the UK's foreign policy priorities and the presidency of the European Union.

Chairman/Gov. Howard Dean will address the Young Democrats of America in Phoenix, AZ at 2:00 pm ET, and will talk about engaging and empowering young voters.

Sen. John Thune is the special guest at the Tennessee Republican Party fundraiser at Nashville's Opryland Hotel this evening.

The filibuster fight:

"Historically, Senate rules were designed to protect the interests of the minority and to slow the deliberative process. In fashioning those rules, the Senate set a much higher threshold for changes than a simple majority vote," write the Washington Post's Mike Allen and Jeffrey Birnbaum in a very good explanation of exactly how the fight over the filibuster will play out -- procedurally, at least. LINK

The Washington Post's Dan Balz and Shailagh Murray look at the furious negotiations aimed at heading off the filibuster rules change yesterday, Noting that they're expected to continue today and both sides are talking up their ability to either build or hold their coalitions. LINK

"Despite the Democratic optimism, Republicans predicted that, if compromise negotiations fail, Frist will be able to hold enough of his caucus to prevail in the critical floor vote. According to a Democratic source, Specter reported at a meeting of the bipartisan centrist caucus that Republicans are under great pressure to follow their leaders."

"The group, now working under the auspices of the revamped Centrist Coalition, says that enough Democratic and Republican Senators are considering signing the memo that heading off the imposition of the so-called nuclear option is now a real possibility," writes Roll Call's Paul Kane in his absolute must-read on where things stand. And Olympia Snowe says a compromise is "more likely than not."

David Rogers in the Wall Street Journal writes that "Centrist lawmakers met into last evening in hope of reaching a compromise to try to defuse the building confrontation. Sen. Chuck Hagel (R., Neb.), a crucial swing vote, balked at joining the effort, and conservative advocacy groups pressed to keep Republicans in line. But there was a sense of cautious hope last evening that a settlement might be found."

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