The Note’s Must-Reads for Friday, November 19, 2010

Nov 19, 2010 3:18am

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 Digital News Associates and Desk Assistants JACQUELINE NG FERNANDEZ, JAYCE HENDERSON, CLAUDIA MORALES AND JACOB BECKMAN

CONGRESS
Politico’s David Rogers: “Budget fight sets up 2011 showdown” Republicans moved Thursday to kill a year-end spending compromise, hoping to gain leverage in what could be a quick strike against President Barack Obama in the next Congress over budget priorities – and quite possibly funding for health care reform. LINK

The Washington Times’ Sean Lengell: “Partisan stances harden on extensions of tax cuts” Lawmakers ramped up the rhetoric Thursday regarding a series of Bush-era tax breaks set to expire at the end of the year, as leaders of both parties refused to budge on what to do with cuts for higher-wage earners. LINK

Newsweek’s David Graham: “The House’s Dangerous Game of Chicken on Jobless Benefits” The House of Representatives failed to pass a crucial bill extending jobless benefits this afternoon. The inability of the chamber to move the legislation could have serious effects on the economy and is a bad omen for Congress's capacity to get things done—both during the lame-duck session and in the 112th congress. LINK

RANGEL
ABC News’ Ariane de Vogue and Devin Dwyer: “Rep. Charles Rangel: House Panel Chooses Censure, Restitution” The House Ethics Committee today voted to recommend the censure of New York Democratic Rep. Charles Rangel, who was found guilty earlier this week of multiple violations of House rules. LINK

The New York Times’ David Kocieniewski: “House Panel Recommends Censure for Rangel” The House ethics committee on Thursday recommended that Representative Charles B. Rangel be formally censured for ethical misconduct, the most serious punishment the House can mete out to a member short of expulsion. LINK

Bloomberg’s Jonathan D. Salant: “Rangel Is First U.S. House Member Facing Sanctions Since 2002” The U.S. House is being asked to censure Democratic Representative Charles Rangel of New York for violating ethics rules, the first time the chamber will sit in judgment of a member in eight years. The House ethics committee yesterday recommended the penalty for Rangel, the former chairman of the tax-writing Ways and Means Committee. The full House will take up the matter after Thanksgiving. LINK

ECONOMY
The Hill’s Michael O’Brien: “Obama looks to seize momentum on GM’s positive offering” President Obama on Thursday hailed the initial public offering by General Motors as proof that his economic policies are starting to “pay off.” LINK

The WSJ Naftali Bendavid: “Boehner Warns GOP on Debt Ceiling” Raising the debt ceiling is shaping up as a difficult early vote for the new House GOP majority. Many of the new Republican lawmakers harshly criticized their Democratic opponents during the campaign for voting to raise the limit in the past, citing it as an example of the Democrats’ recklessness with federal tax dollars. LINK

Bloomberg’s Scott Lanman: “Bernanke Steps Up Stimulus Defense, Turns Tables on ChinaFederal Reserve Chairman Ben S. Bernanke took his defense of the U.S. central bank’s monetary stimulus abroad, saying it will aid the world economy, and implicitly criticized China for keeping its currency weak. LINK

OTHER
USA Today: “Report: Hispanics can’t name their top Latino leader” Latinos living in the United States can't name someone who is their most important leader, a Pew Research Center report shows. LINK

The Los Angeles Times’ Tom Hamburger and Matea Gold: “Democrats unhappy with Obama’s tactics plot change” Frustrated by what they see as President Obama’s weakness in battling Republicans, leading Democratic donors and tacticians have begun independently plotting their political recovery – including building a network of outside fundraising and campaign organizations to compete with those formed this year by Republicans. LINK

New York Daily News’ Sean Alfano: “Roger Ailes, Fox News chief, says Jon Stewart hates conservatives, calls NPR Nazis – then apologizes” President Obama isn’t the only target Fox News chief Roger Ailes has in his sights. LINK

The Washington Post’s Rajiv Chandrasekaran: “U.S. deploying heavily armored battle tanks for first time in Afghan war” The U.S. military is sending a contingent of heavily armored battle tanks to Afghanistan for the first time in the nine-year war, defense officials said, a shift that signals a further escalation in the aggressive tactics that have been employed by American forces this fall to attack the Taliban. LINK

ABC NEWS VIDEO:
ABC News: “Obama on GM: ‘Two Years Ago This Seemed Impossible” President Barack Obama talks to White House Press Corps about GM. LINK

ABC News: “Panel Approves Rangel Censure and Restitution” Rep. Charlie Rangel D-NY., says he didn’t intend to “bring disgrace” on the House. LINK

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