America

Julian Assange Back In Court; Budget Cutting Debate Heats Up

While we follow events in Egypt in a live-blog here, there are other stories to note today. They include:

— Assange Back In Court: WikiLeaks founder Julian Assange and his lawyers are back in a London court today, fighting Sweden's request that he be extradited to there for questioning about alleged sex crimes. The Guardian is live-blogging here.

Update at 8:25 a.m. ET: The hearing is over. According to the Guardian, "a ruling is scheduled for 24 February."

— Budget Cutting: "House Republican leaders said Thursday that they would accede to demands from conservatives and dig deeper into the federal budget for billions of dollars in additional savings this year, exhibiting the power of the Tea Party movement and increasing chances of a major fiscal clash with Democrats," The New York Times reports.

Related story on Morning Edition: " Obama, GOP Vie For Upper Hand On Budget Cuts."

— Mortgage Finance Overhaul: "The Obama administration is pushing ahead with a vast rewrite of the rules of the nation's mortgage market separately from the delicate task of devising options to abolish mortgage finance giants Fannie Mae and Freddie Mac," The Washington Post writes. "In a long-awaited report Friday on the future of home loans, the administration will address both efforts."

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