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, Will Cantine and Jordan Mazza

SEN. ELIZABETH WARREN ABC News' Arlette Saenz: " Elizabeth Warren: 'I'm Not Running For President'" In an interview with ABC News, Sen. Elizabeth Warren, D-Mass., insisted she is not seeking a presidential bid despite suggestions that she could present a formidable threat to former Secretary of State Hillary Clinton in 2016. "I'm not running for president," Warren told ABC News' David Muir in an interview at her home in Cambridge, Mass. Asked about a recent story that suggested she is "Hillary's nightmare," Warren said, "I don't get who writes these headlines or what they're about. I think there's just kind of a pundit world out there." LINK

The Hill's Mario Trujillo: " Warren: 'I Think Hillary Clinton Is Terrific'" Sen. Elizabeth Warren (D-Mass.) on Monday said Hillary Clinton is "terrific" when asked if the former secretary of State would make a good president. ABC News released a short clip from an interview with the freshman senator, noting that she stopped short of answering the direct question. "I think Hillary Clinton is terrific," she said. "We've got to stay focused on these issues right now." Warren, whose name has been floated by progressives as a possible alternative to Clinton, continued to deny she would run for president, repeating twice, "I'm not running for president." LINK

WHITE HOUSE COUNSEL Politico's Jennifer Epstein and Josh Gerstein: " President Obama Picks W. Neil Eggleston As New White House Counsel" The Obama administration is beginning an aggressive new effort to foster equity in criminal sentencing by considering clemency requests from as many as thousands of federal inmates serving time for drug offenses, officials said Monday. The initiative, which amounts to an unprecedented campaign to free non­violent offenders, will begin immediately and continue over the next two years, officials said. The Justice Department said it expects to reassign dozens of lawyers to its understaffed pardons office to handle the requests from inmates. LINK

USA Today's David Jackson: " Obama Names New White House Counsel" President Obama has tapped a lawyer who served in the Bill Clinton administration to serve as the new White House counsel. Neil Eggleston, currently a top corporate lawyer, will replace White House Counsel Kathryn Ruemmler, who is leaving the administration after three years. "Neil brings extraordinary expertise, credentials, and experience, to our team," Obama said in a statement. "He has a passion for public service, is renowned for his conscientiousness and foresight, and I look forward to working closely with him in the coming years." LINK

DEBT The Wall Street Journal's Josh Mitchell: " Federal Plans That Forgive Student Debt Skyrocket" Government officials are trying to rein in increasingly popular federal programs that forgive some student debt, amid rising concerns over the plans' costs and the possibility they could encourage colleges to push tuition even higher. Enrollment in the plans-which allow students to rack up big debts and then forgive the unpaid balance after a set period-has surged nearly 40% in just six months, to include at least 1.3 million Americans owing around $72 billion, U.S. Education Department records show. LINK

The Washington Times Patrice Hill: " Stalemate On The Hill May Spare Fannie And Freddie From Reform" Stepped-up demands from liberal Democrats and conservative Republicans are threatening the prospects for legislation to revive and reform the private mortgage market, six years after it collapsed and largely disappeared during the Great Recession. As a result, many see an increasing likelihood that Fannie Mae and Freddie Mac, the government-run housing finance giants that required massive bailouts at the height of the financial crisis, but which have served a critical role in keeping the mortgage market up and running since then, may escape the death sentence that political leaders laid down just a few years ago. LINK

ANTITERRORISM The New York Times' Eric Schmitt: " U.S. Drones And Yemeni Forces Kill Qaeda-Linked Fighters, Officials Say" American drones and Yemeni counterterrorism forces killed more than three dozen militants linked to Al Qaeda's affiliate in Yemen over the weekend in one of the largest such attacks there in months, officials from both countries said Monday. At least three airstrikes were carried out against Qaeda fighters in a convoy and in remote training camps in southern Yemen. They were militants who were planning to attack civilian and military facilities, government officials said in a statement. LINK

CLEMENCY REQUESTS The Washington Post's Sari Horwitz: " Justice Department Prepares For Clemency Requests From Thousands Of Inmates" The Obama administration is beginning an aggressive new effort to foster equity in criminal sentencing by considering clemency requests from as many as thousands of federal inmates serving time for drug offenses, officials said Monday. The initiative, which amounts to an unprecedented campaign to free non­violent offenders, will begin immediately and continue over the next two years, officials said. The Justice Department said it expects to reassign dozens of lawyers to its understaffed pardons office to handle the requests from inmates. LINK

ABC NEWS VIDEO " Elizabeth Warren's Assault On Wall Street" LINK " Sen. Elizabeth Warren Recounts Tense Meeting With President Obama" LINK " Sen. Elizabeth Warren Insists She's 'Not Running For President'" LINK

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