Goldman Sachs On Hot Seat; Fiscal Commission Launches 'Suicide Mission'

Already this morning, we've posted about a "first" — a South Korean today became the first woman to have climbed all 14 of the world's highest mountain peaks (those with peaks of 8,000 meters or more). And, we've passed on word that Ford Motor Co. earned $2.1 billion in the first quarter.

As for other stories making headlines, they include:

— The Associated Press — Goldman Sachs Execs Set To Be Grilled: As Goldman Sachs CEO Lloyd Blankfein and other of the company's executives prepare to testify before a Senate panel today, there's word that lawmakers believe the Wall Street giant "developed a strategy to profit from the housing meltdown and reaped billions at the expense of clients."

Related story by ABC News — "Blankfein And 'Fabulous Fab' To Testify."

— The Associated Press — Bipartisan Fiscal Commission Embarks on "Suicide Mission": "Even members of President Barack Obama's bipartisan fiscal commission admit the near impossibility of their task: finding a consensus by next fall for reducing federal deficits that threaten to erode Americans' standard of living. ... The commission begins work Tuesday with a charge to produce a deficit no bigger than $550 billion by 2015, an amount equal to about 3 percent of the total U.S. economy. That would require deficit savings in the range of $250 billion or more. 'This is a suicide mission,' the panel's co-chairman, former Sen. Alan Simpson, R-Wyo., said on Fox News Sunday."

Morning Edition — Wall Street Overhaul Bill Stalls; But Reid Positions To End Filibuster. "Senate Republicans have successfully blocked Democrats from bringing up a sweeping overhaul of the rules governing Wall Street. But Majority Leader Harry Reid joined them in voting no, giving himself the right under Senate rules to call for another vote to end the GOP filibuster. He could do that as soon as Tuesday afternoon." NPR's Audie Cornish reports:



ABC World News with Diane Sawyer — New Video Of "Underwear Bomber" Training, Making "Martyrdom Statements": "New videos produced by al-Qaida in Yemen show the accused underwear bomber Umar Farouk Abdulmutallab and others in his training class firing weapons at a desert camp whose targets included the Jewish star, the British Union Jack and the letters 'UN'." Here's a video report from ABC:

Morning Edition — "Former Massey Workers Say Blast Wasn't A Surprise": "Two coal miners say they quit Massey Energy's Upper Big Branch mine in the final months before an explosion because they thought it was going to blow up. A third miner — who had worked at the mine for 13 years — called Upper Big Branch 'a time bomb'. But on Monday Massey officials say that samples showed the air was safe just before the blast." Twenty-nine miners died there earlier this month, killed by a massive explosion. NPR's Frank Langfitt reports:





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