AMA backs House health care legislation

The American Medical Association has announced it supports the House’s health care bill. (Reuters)

But just as everything appears to be going smoothly, Congressional Budget Office Director Douglas Elmendorf says Democrats failed to include cost-cutting measures in their health care bill. (WSJ)

Bank of America joins the ranks of financial institutions continuing to post profits despite, this, um, little recession we’re in. (NYT)

Defense Secretary Robert Gates clashes with Congress on military spending. (WSJ)

Former Treasury Secretary Henry Paulson counters accusations that he misused $700 billion in TARP spending last year. (Reuters)