Power Lunch & More

AP: President-elect Barack Obama hailed a rare Oval Office gathering of all U.S. presidents as an extraordinary event on Wednesday as the current occupant, President George W. Bush, reminded his predecessors and successor that the office "transcends the individual."  More...

AP: Lebanese militants fired at least three rockets into Israel early Thursday, threatening to open a new front for the Jewish state as it pushed forward with a bloody offensive in the Gaza Strip that has killed nearly 700 people.  More...

Politico: Harry Reid is poised to let Roland Burris take a seat in the Senate — an embarrassing about-face for a Democratic leader at the pinnacle of his power.  More...

Politico: Republican Sen. Norm Coleman announced Tuesday that he is filing a lawsuit contesting the results of the Minnesota Senate recount that declared Democrat Al Franken the winner.  More...

McClatchy: The forecast Wednesday of a jaw-dropping $1.2 trillion one-year federal budget deficit will make it harder for President-elect Barack Obama to win broad support for a massive stimulus package that would add even more to the red ink.  More...

AP: The upcoming inauguration of Barack Obama is an attractive target for international and domestic terrorists, but U.S. intelligence officials have no information about specific threats to the Jan. 20 event.  More...

Pearce: The Wall Street Journal has produced a very informative 3-part documentary called The End of Wall Street.  Take 25 minutes to learn what happened, why it happened and what happens next.

AP: Democrats misstepped in handling Burris matter.  More...

NYT: Obama warns about years of trillion-dollar deficits.  More...

Fix: Jeb Bush will not run for Florida Senate seat.  More...

AP: Al-Qaida No. 2 blames Obama for Gaza fight.  More...

Hill: Reid says 'I don't work for Obama.'  More...

Reuters: Salmonella outbreak sickens 388 across U.S.  More...

Telegraph: Terrorists could use 'insect-based' biological weapon.  More...

USA Today: Coming soon to cellphones: Free, over-the-air TV.  More...

WSJ: Bush on His Record: The president defends his democracy agenda and his economic interventionism.  More...

OPINION:

WSJ: Funny Business in Minnesota.  More...

Friedman: The Mideast's Ground Zero.  More...

Friedman: Time to Reboot America.  More...

Rove: President Bush Tried to Rein in Fan and Fred.  More...