The Note’s Must-Reads for Wednesday, May 20, 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 www.abcnews.com

Compiled by ABC News’ PETER MARTINEZ, KRISTEN RED-HORSE, JAYCE HENDERSON and LAURA GREENE

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PRESIDENT OBAMA, THE ECONOMY, THE FINANCIAL SYSTEM AND TAXES:

ABC News’ Matthew Jaffe: "Geithner to Update Congress Wednesday on Administration’s Efforts to End the Recession" LINK

USA Today’s Kathy Chu: "Senate passes credit card bill on fees, interest rate increases" LINK

USA Today’s James R. Healey: "Obama drives up miles-per-gallon requirements" LINK

The New York Times’ John Broder and Micheline Maynard: “As Political Winds Shift, Detroit Charts New Course” LINK

PRESIDENT OBAMA AND FOREIGN AFFAIRS:

Time Magazine’s Tony Karon: “Can Obama Change the Game on Middle East Peace?” LINK

PRESIDENT OBAMA AND EMISSION STANDARDS:

ABC News’ Jake Tapper: “Auto Execs Applauding?” LINK

ABC News’ Jake Tapper and Sunlen Miller: “President Obama Puts Pedal to the Metal on New Environmental Standards for Cars” LINK

ABC News’ Z. Byron Wolf: “A CAFE Counterpoint: Burr’s Thing” LINK

ABC News Analysis by Gary Langer: “Emission Standards: Watch the Pothole” LINK

The Wall Street Journal’s Henry J. Pulizzi: “Obama Says New Car-Fuel Rules Give Industry ‘Certainty’” LINK

Bloomberg’s John Hughes and Alex Ortolani: “CarsWon’t All Shrink under Obama’s Fuel Plan, Automakers Say” LINK

PRESIDENT BARACK OBAMA / ADMINISTRATION:

ABC News’ Barry Freeman: “Linebacker Will Pass on Prez” LINK

The Associated Press: “AP: Obama weighs regulatory panel” LINK

The Wall Street Journal’s Jonathan Weisman and Naftali Bendavid: “Obama Begins Interviewing Potential Supreme Court Picks” LINK

AUTO INDUSTRY:

USA Today’s Sharon Silke Carty: “Chrysler bankruptcy puts lemons in limbo” LINK

The Hill’s Jim Snyder: “Auto lobby grudgingly strikes deal” LINK

SECRETARY OF STATE HILLARY CLINTON:

USA Today’s Richard Wolf and Ken Dilanian: “Clinton: $110M in Pakistan aid ‘essential’” LINK

GUANTANAMO BAY:

The Wall Street Journal’s Naftali Bendavid: “Democrats Plan to Block Gitmo Closing” LINK

Boston Herald editorial staff: “Congress punts on Gitmo” LINK

Boston Globe’s Joseph Williams: “Obama takes a hit on Guantanamo” LINK

Politico’s David Rogers: “Democrats bolt on Guantanamo: No plan, no money’” LINK

The Hill’s Roxana Tiron and J. Taylor Rushing: “Rebuffing Obama on Gitmo” LINK

Boston Globe Editorial: “Obama’s kangaroo courts” LINK

The New York Times’ David Herszenhorn: “Democrats in Senate Block Money to Close Guantanamo” LINK

The Washington Post’s Shailagh Murray: “Senate Demands Plan for Detainees” LINK

INTERROGATION / C.I.A. / TORTURE / HOUSE SPEAKER NANCY PELOSI:

The Washington Times’ Stephen Dinan: “Pelosi taking ‘wrecking ball’ to CIA morale, Hoekstra says” LINK

CONGRESS:

The Washington Times’ Sean Lengell: “Senate OKs credit card curbs” LINK

The New York Times’ Carl Hulse: “Advocates of Gun Rights Are Poised for a Victory” LINK

The Washington Post’s Tomoeh Murakami Tse: “Momentum Grows for Executive Pay Rules” LINK

CREDIT CARDS:

ABC News’ Scott Mayerowitz: “Senate Overwhelmingly Passes Credit Card Fee Limits” LINK

DEMOCRATS/REPUBLICANS:

ABC News Analysis by Rick Klein and David Chalian: “Michael Steele Seeks to ‘Turn the Page’ for Republican Party” LINK

The Washington Times’ Stephen Dinan: “Pelosi taking ‘wrecking ball’ to CIA morale, Hoekstra says” LINK

Politico’s Andy Barr: “Tim Kaine to Tim Pawlenty: Drop Norm Coleman” LINK

The Washington Post’s Paul Kane: “Democrats Defending Pelosi” LINK

The Washington Post’s Perry Bacon Jr.: “RNC Chairman Urges Stronger Attacks on Obama” LINK

IMMIGRATION:

Politico’s Josh Gerstein: “Janet Napolitano: Legalization a hard sell” LINK

ENVIRONMENT/E.P.A.:

The Wall Street Journal’s Ian Talley: “Need for Speed (Read) to Pass Climate Bill” LINK

FORMER BUSH ADMINISTRATION:

USA Today’s Fredreka Schouten: “Several Bush officials work in areas related to former jobs” LINK

SENATOR EDWARD KENNEDY:

The Hill’s Alexander Bolton: “Kennedy to return in June; Sens. say health improved” LINK

ALASKA GOVERNOR SARAH PALIN:

The Associated Press: “Sarah Palin cleared in pricey-wardrobe-gate: Federal Election Commission (FEC) dismisses complaint” LINK

OTHER MUST-READS:

ABC News’ Lisa Stark: “What Happens When Telemarketers Barrage A Reporter’s Home” LINK

USA Today’s William M. Welch: “Calif. voters say no to taxes as deficit cure” LINK

The Wall Street Journal’s Jim Carlton and Stu Woo: “Californian Voters Reject Budget Measures” LINK

Bloomberg’s Michael B. Marois and William Selway: “California Rejects Schwarzenegger’s Budget Measures” LINK

The New York Times’ David Johnston: “Investigation Into Huge Loss of Computerized Clinton Data” LINK

The Washington Post’s Mary Beth Sheridan: “Grisly Video May Slow Nuclear Pact” LINK

ABC NEWS VIDEO:

“Jake Tapper on Fuel Standards” LINK

“GOP Chairman: Obama’s ‘Reign of Error’” LINK

“Obama Unveils Cleaner Car Standards” LINK

“Sen. Richard Burr’s 1973 VW ‘Thing’” LINK

“Bye-Bye Gas Guzzlers” LINK

“Pelosi, Boehner Welcome Netanyahu to Hill” LINK

“Greener and Cleaner Cars” LINK

“007 Drops By the White House” LINK