The Note’s Must-Reads for Thursday, February 10, 2011

By Jayson

Feb 10, 2011 5:05am

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 Jayce Henderson, Claudia Morales and Carrie Halperin

FOREIGN AFFAIRS:
Los Angeles Times’  Peter Nicholas and Christi Parsons: “Obama's advisors split on when and how Mubarak should go”  White House aides acknowledge that the differing views among Obama's team of advisors has resulted in a mixed message on Egypt.  LINK

PRESIDENT OBAMA:
Los Angeles Times’  Peter Jim Puzzanghera: “Obama to outline options for future of Fannie Mae and Freddie Mac” The president will give Congress three proposals for scaling back the companies' role in the mortgage market or shutting them down. The U.S. bailout of the firms has cost $150 billion.  LINK

HOMELAND SECURITY:
USA Today’s Kevin Johnson: “U.S. faces terror threat from within, Napolitano says” Homeland Security Secretary Janet Napolitano offered a sobering assessment of the terror threat facing the United States on Wednesday, saying it was at perhaps the "most heightened state" since the Sept. 11 attacks nearly a decade ago. LINK

CONGRESS / REPUBLICANS:
The New York Times’ Carl Hulse: “Republicans in House Battle Turmoil in Their Ranks” Under pressure to make deeper spending cuts and blindsided by embarrassing floor defeats, House Republican leaders are quickly discovering the limits of control over their ideologically driven and independent-minded new majority. LINK

Bloomberg’s Catherine Dodge and Brian Faler: “House Republicans Seek to Cut Funds For Environment, Energy, Health Care” House Republicans want to reduce the U.S. deficit by ending more than 60 programs, including President Barack Obama’s high-speed rail initiative, and cutting funds for the environment, energy, health care and law enforecement. LINK

The Washington Time’s Seth McLaughlin: “Virginia’s Webb won’t seek second Senate term” Virginia Sen. Jim Webb said Wednesday that he will not seek re-election, increasing the chances that Republicans will be able to take the seat back from Democrats in the 2012 election. LINK

The Wall Street Journal’s Jon Hilsenrath and Luca Di Leo: “Bernanke Tries to Soothe GOP” Federal Reserve Chairman Ben Bernanke sought to reassure wary Republicans that he won't allow inflation to take root, though he gave no indication that he is ready to reverse his easy-money policies.  LINK

Politico’s John Bresnahan and Jake Sherman: “Growing pains: House GOP stumbles” It usually takes a lot longer for the party in charge to start with the finger-pointing, the failed votes and the backpedaling on campaign promises. LINK

REP. CHRIS LEE:
ABC News’ Mattew Jaffe and John R. Parkinson: “Congressman Chris Lee Resigns After Shirtless Photo Posted on Internet” Rep. Christopher Lee, R-N.Y., abruptly resigned from the House of Representatives Wednesday afternoon after a report emerged that he had sent flirtatious e-mails, including one with a bare-chested photo of himself, to a woman he met on Craigslist. LINK

The New York Daily News’ Richard Sisk, Alyia Shadid, and Helen Kennedy: “Married NY Rep. Christopher Lee resigns after topless pic” sent to A married upstate congressman abruptly quit Wednesday after he was busted sending a shirtless picture and flirty emails to a woman hunting for dates on craigslist. LINK

The Washington Post’s David A Fahrenthold and Aaron Blake: “Rep. Chris Lee resigns after reports of Craigslist flirtation” Rep. Chris Lee of New York abruptly resigned Wednesday evening, hours after a gossip Web site reported that the married Republican had allegedly sent flirtatious e-mail messages and a shirtless photo of himself to a woman he met online. LINK

OTHER:
The Hill’s  John T. Bennett: “Married NY Rep. Christopher Lee resigns after topless pic sent to Craigslist gal pal: report” The top brass at the Pentagon is signaling in no uncertain terms that the defense industry needs to clean up its act and accept that the government can no longer throw away money on ill-conceived military projects. LINK

ABC NEWS VIDEO:
Chris Lee Resigns After Craigslist ScandalLINK
Gabrielle Gifford Talking “More and MoreLINK

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