The Note’s Must-Reads for Tuesday, January 4, 2011

By Jayson

Jan 4, 2011 4:17am

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

Compiled by ABC News Digital News Associates and Desk Assistants JAYCE HENDERSON, JACQUELINE FERNANDEZ and MOLLY HUNTER

ABC News’ Yunji de Nies and Sunlen Miller: “The Obamas Say Goodbye to Hawaii with a Final Full Day” The Obama family had a full last day in Hawaii after nearly a two week vacation. On Monday, the family hit the gym, the beach, got shave ice, visited the President's grandfather's grave, visited the zoo, and dined out. After a morning workout, the first family spent a few hours at Pyramid Rock Beach on the Marine Corps base. Afterwards, the first family and friends, still in beach gear made their second visit this trip to Island Snow where they ordered shave ice. LINK

Bloomberg’s Julianna Goldman and John McCormick: “Obama Said to Consider William Daley for Top White House Post” President Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said. LINK

The Hill’s Michael O’Brien: “Reports: President Obama considering bank executive to be next chief of staff” Former Commerce Secretary William Daley is among the candidates to become President Obama's permanent chief of staff, according to reports. Daley, an executive with JPMorgan Chase in Chicago, is under consideration to replace Rahm Emanuel in the top White House job, according to reports by Bloomberg and ABC News. LINK

The Wall Street Journal’s Naftali Bendavid and Patrick O’Connor: “New Speaker Vows to Share Power—a Tricky Proposition” When John Boehner takes over one of the most powerful jobs in Washington this week, he says his first order of business is to make himself less powerful. On Wednesday the new speaker of the House of Representatives plans to offer a package of rule changes that, he says, will give minority-party members more of a say and decentralize power. LINK

The New York Times’ Jackie Calmes: “G.O.P. Sets Up Huge Target for Budget Ax” The incoming Republican majority in the House is moving to make good on its promise to cut $100 billion from domestic spending this year, a goal eagerly backed by conservatives but one carrying substantial political and economic risks. LINK

The Washington Post’s Philip Rucker: “Incoming House GOP chairmen have a long list of issues to investigate” House Republican leaders announced plans Monday for congressional investigations into a wide range of issues, from corruption in Afghanistan to Washington's regulation of private industries, using the power of their new majority to launch probes that could embarrass the Obama administration. LINK

USA Today: “Dems warn GOP on health care repeal” Democrats are already taking aim at Republicans over President Obama's health care law, even before John Boehner settles into the House speaker's chair. Senate Democrats, led by Majority Leader Harry Reid, said today they will block any attempt by the GOP to repeal the sweeping health care law, which is aimed at getting 32 milllion Americans insurance coverage. LINK

Washington Times’ Joseph Weber: “Reid unlikely to hold the trump card in push for Intenet gambling” Even with the backing of such political high rollers as Senate Majority Leader Harry Reid, the push to expand legal Internet gambling in the United States looks to face much longer odds in the more heavily Republican Congress. LINK

Los Angeles Times’ Lisa Mascaro and Kathleen Hennessey: “Republicans ready to flex new muscle in Congress” Reporting from Washington — Stepping into the spotlight of a new Congress this week, freshly empowered Republicans are vowing to undo much of the work of the last Congress and launch investigations into a raft of Obama administration programs. LINK

Politico’s Carrie Budoff Brown: “House to vote on health repeal next week” The House will vote next week to repeal the new health care law, making good on a top-tier GOP campaign promise and setting up a showdown with President Barack Obama over his signature domestic policy achievement. LINK

New York Daily News’ Meena Hartenstein: “House republicans waste no time in new year, scheduling vote to repeal Obama’s health care reform” President Barack Obama's Hawaiian vacation will come to a crashing halt on Tuesday, when he returns to the White House to face a tough fight against Republicans over health care. GOP House leaders announced Monday they will soon hold a vote to repeal "Obamacare," the sweeping health care reform the President pushed to pass in 2010. LINK

The Boston Globe’s Noah Bierman: “Patrick cuts lawmakers’ pay by $300” Governor Deval Patrick told state lawmakers yesterday that he will trim their salaries by about $300 to match the drop in pay experienced by typical Massachusetts households over the past two years. LINK

ABC News: “Congressman Bobby Schlling Heads to DCLINK

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