The Note’s Must-Reads for Wednesday, May 25th, 2011

By Jayson

May 25, 2011 3:42am

Compiled by ABC News Digital News Associates Claudia Morales, Jacqueline Fernandez, and Desk Assistant Amanda VanAllen

PRESIDENT OBAMA
The Washington Time’s Kara Rowland: “Obama’s royal recompense” After stumbling in his first gift exchange with the Brits two years ago, President Obama by all accounts redeemed himself Tuesday when he presented Queen Elizabeth II with a handmade, leather album of rare memorabilia chronicling her parents’ 1939 visit to the U.S. LINK

LA Times’ Paul Richter: “In Speech to Congress, Israel's Netanyahu Offers Few Concessions” Israeli Prime Minister Benjamin Netanyahu told a joint session of Congress he was prepared to make "painful compromises" for peace but he offered few of the concessions that President Obama has sought as a way to revive moribund Israeli-Palestinian negotiations. Ending a tumultuous five-day visit to Washington, Netanyahu said Tuesday he was willing to give up "parts of the ancestral Jewish homeland" in negotiations to create a separate Palestinian state. But he set requirements that varied only slightly from his previous views, and he did not address many specific Palestinian demands. LINK

NY Times’ Raymond Hernandez: “Democrat Wins G.O.P. Seat; Rebuke Seen to Medicare Plan” Democrats scored an upset in one of New York’s most conservative Congressional districts on Tuesday, dealing a blow to the national Republican Party  in a race that largely turned on the party’s plan to overhaul Medicare. LINK

Washington Posts’ Peter Wallsten: “Democrats Join Republicans in Questioning Obama’s Policy on Israel” Top Democrats have joined a number of Republicans in challenging President Obama’s policy toward Israel, further exposing rifts that the White House and its allies will seek to mend before next year’s election. LINK

CONGRESS
The Wall Street Journal’s Siobhan Hughes and Naftali Bendavid: “Democrat Captures House Seat” A Democrat won election Tuesday to a congressional seat from a traditionally Republican district in western New York, an outcome that will be studied for clues to how voters are viewing the budget battles in Washington. LINK

Politico’s Alex Isenstadt: “Democrat Hochul prevails in NY-26 race“ Democrat Kathy Hochul defeated Republican Jane Corwin in a western New York special election that emerged as a political testing ground for the ambitious GOP blueprint to reform Medicare. Fueled by a late wave of commercials blasting Corwin over her support for the controversial House Republican budget plan, Hochul surged in a race that few initially expected her to prevail in. LINK

The Hills’ Sean J. Miller and Emily Goodin: “Dems Wins in NY Special Election” Democrat Kathy Hochul pulled off a victory in New York's special election Tuesday in a race that had been cast as a referendum on the GOP's Medicare proposal. The Associated Press called the race for Hochul at approximately 10 p.m. She had a six-point lead on Republican Jane Corwin, 48 to 42 percent, with 71 percent of the precincts reporting. LINK

ECONOMY
Bloomberg’s  Alison Fitzgerald: “No-Tax ‘Zealot’ Norquist Emerges as Biggest Barrier to U.S. Deficit Deal” When members of the House Budget Committee gathered over sandwiches to meet with the leaders of President Barack Obama’s debt commission in Washington, former Senator Alan Simpson delivered a warning. “If you are in thrall to Grover Norquist,” the Wyoming Republican who co-led the debt panel said he told the group in February, “this country hasn’t got a prayer.” LINK

JOHN EDWARDS
ABC News’ James Hill: “John Edwards: US Green-Lights Prosecution for Alleged Campaign Law Violations Tied to Affair Cover-Up” The United States Department of Justice has green-lighted the prosecution of former presidential candidate John Edwards for alleged violations of campaign laws while he tried to cover up an extra-marital affair, ABC News has learned. A source close to the case said Edwards is aware that the government intends to seek an indictment and that the former senator from North Carolina is now considering his limited options. He could accept a plea bargain with prosecutors or face a potentially costly trial. LINK

ABC NEWS VIDEOS:
Jessica Alba Takes Chemical Safety To Capitol HillLINK
Gingrey: 'Mistake' To Walk Back Paul Ryan Budget LINK

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