The Note’s Must-Reads for Friday, May 7, 2010

May 7, 2010 4:56am

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’ JAYCE HENDERSON, PETER MARTINEZ, KRISTEN RED-HORSE, CLAUDIA MORALES AND CARRIE HALPERIN

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PRESIDENT OBAMA / ADMINISTRATION:

ABC News’ Scott Mayerowitz: “Obama Administration Gets Tough on Airlines” LINK

Politico’s Josh Kraushaar: “Case ties himself to Obama in new ad” LINK

The New York Times’ Peter Baker: “Obama Plans Revival of Russian Nuclear Deal” LINK

The New York Times’ Jackie Calmes: “Obama to Seek Line-Item Veto Power to Trim Spending From Bills” LINK

USA Today’s The Oval: “Obama gets ready to turn back to the economy” LINK

USA Today’s The Oval: “Obama talks about Afghanistan, Pakistan with national security team” LINK

Time’s Amy Sullivan: “Will the National Day of Prayer Hurt Obama?” LINK

Politics Daily’s John Lund: “Trim Washington By Shifting Services to States, House Republicans Say” LINK

FAISAL SHAHZAD / TERRORISM:

ABC News’ Jake Tapper: “White House Gives Chilly Reception to Lieberman’s Citizenship-Stripping Bill” LINK

The New York Times’ Charlie Savage and Carl Hulse: “Bill Targets Citizenship of Terrorists’ Allies” LINK

The New York Times’ William Glaberson: “When a Suspect Likes to Talk, and Talk” LINK

The New York Times’ Scott Shane and Mark Mazzetti: “Times Sq. Bomb Suspect Is Linked to Militant Cleric” LINK

The Washington Post’s Greg Miller and Jerry Markon: “Radicalization of Tiems Square suspect was gradual, investigators say” LINK

The Washington Post’s Karin Brulliard: “Possible role of Kashmir-focused groups may hinder Times Square Terrorism probe” LINK

The Washington Post’s Karen Tumulty and Paul Kane: “GOP takes jab at Democrats’ ‘luck’ in fighting terrorism” LINK

Boston Globe’s Farah Stockman and Matt Viser: “Brown wants citizenship revoked for terror ties” LINK

Time’s Bobby Ghosh: “Beyond Times Square: The Threat from Pakistan” LINK

Politics Daily’s Patricia Murphy: “Botched Times Square Bombing at Center of Boehner-Pelosi Battle” LINK

Politics Daily’s Tom Diemer: “Biden on Terror Threat: Asks Europe for More Cooperation in Tracking Money” LINK

Politics Daily’s Andrew Cohen: “Times Square Bomb Suspect Faisal Shahzad and the Miranda Warning” LINK

The Los Angeles Times’ Richard A. Serrano and David S. Cloud and Alex Rodriguez,: “Pakistan assures cooperation in Times Square bomb case” LINK

GULF COAST OIL SPILL:

The Wall Street Journal’s Russell Gold and Stephen Power: “Oil Regulator Ceded Oversight to Drillers” LINK

Bloomberg’s Kim Chipman: “Oil Spill May Spur Support for U.S. Climate Bill, Browner Says” LINK

Politics Daily’s Christopher Weber: “As Oil Spilled into the Gulf, Interior Official Boated” LINK

The Hill’s Jared Allen: “Lawmakers admit $10 billion oil liability cap may not be enough to cover spills” LINK

The Los Angeles Times’ Tom Petruno and Nathaniel Popper: “Oil slick reaches Louisiana’s barrier islands” LINK

FOREIGN AFFAIRS:

ABC News’ Rick Klein: “English Class: Charting Change, from Worcestershire to Wisconsin” LINK

Time’s Nicole Itano, Lisa Abend and Michael Schuman: “Can the Crisis in Greece Be Contained?” LINK

The Associated Press: “China: Kim reaffirms nuke disarmament talks” LINK

The New York Daily News” Thomas M. Defrank: “’Special relationship’ will remain, but next British PM won’t cozy up with President Obama” LINK

FINANCE / ECONOMY/ EMPLOYMENT:

ABC News’ Mathew Jaffe and Karen Travers: “April Jobs Forecast? Brighter Horizon But Still Some Clouds” LINK

USA Today’s Adam Shell and Matt Krantz: “Dow plummets by almost 1,000 points” LINK

Boston Globe’s Steven Syre and Beth Healy: “Alarming ride on Wall Street” LINK

The Washington Post’s Brady Dennis: “With 2 Republicans, financial overhaul bill moves toward approval” LINK

Politico’s Carrie Budoff Brown and Meredith Shiner: “Democrats defeat GOP alternative on consumer agency” LINK

Bloomberg’s Alison Vekshin: “Senate Rejects Consumer, Bank-Size Amendments to Overhaul Bill” LINK

Bloomberg’s Phil Mattingly and Robert Schmidt: “How ‘Hard to Fathom’ Derivatives Rule Emerged in U.S. Senate” LINK

The Hill’s Ian Swanson and Michael O’Brien: “Markets plunge amid worries over Greece as Senate debates reform” LINK

IMMIGRATION:

The New York Times’ Julia Preston: “Latino Groups Urge Boycott of Arizona Over New Law” LINK

HEALTH CARE:

Politico’s Sarah Kliff: “Health challenged campaigns” LINK

AUTO REGULATION:

The New York Times’ Micheline Maynard: “In Washington, a Renewed Taste for Auto Safety” LINK

SUPREME COURT:

The New York Times’ Sheryl Gay Stolberg: “Marking Off the Course to the Supreme Court” LINK

CONGRESS / SENATE:

The Washington Post’s Ed O’Keefe: “Bill to expand federal workers’ telecommuting options falls short in House” LINK

The Wall Street Journal’s Sudeep Reddy and Michael R. Crittenden: “Plan for Congressional Audits of Fed Dies in Senate” LINK

The Boston Herald’s Edward Mason: “Scott Brown bill attacks terrorist citizenship” LINK

USA Today’s Kathy Kiely: “Conservative insurgents shake up Utah incumbent” LINK

Politics Daily’s Jill Lawrence: “Sarah Palin Endorses Carly Fiorina for California Senate” LINK

The Hill’s Silla Brush: “Sanders agrees to modify measure requiring Fed audit” LINK

DEMOCRATS / G.O.P.:

Politico’s David Catanese: “Dem chair: Sestak win ‘cataclysmic’” LINK

Politico’s Josh Kraushaar: “Poll: Lincoln would be strongest Dem in general election” LINK

The Washington Times’ Valerie Richardson: “Incumbency encumber Utah senator” LINK

The Wall Street Journal’s Capitol Journal: “Pawlenty’s Woes at Home Might Help Him in 2012” LINK

Boston Globe’s Political Notebook: “GOP loses consumer plan vote in Senate” LINK

Time’s Joe Klein: “Management 101: What the Democrats Need to Learn” LINK

OTHER MUST-READS:

ABC News’ Jake Tapper: “Four journalists Banned From Gitmo Coverage for an Interrogator” LINK

The Associated Press: “U.K.’s top 2 parties locked in election standoff” LINK

Boston Globe’s Jonathan Saltzman: “Case is made vs. US marriage law” LINK

Time’s Darrell Dawsey: “Pondering the Legalization of Marijuana in Detroit” LINK

Politics Daily’s Walter Shapiro: “Big Question After the British Election: Who’s the Next Prime Minister?” LINK

Politics Daily’s Walter Shapiro: “British Exit Polls Project Hung Parliament and Conservative Gains” LINK

ABC NEWS VIDEOS:

“Geithner: ‘We Could Have Done More’” LINK

“Sen. Alexander Issues Warning on Fin Reform” LINK

“Will Financial Reform Pass?” LINK

“Does the Watch List Work?” LINK

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