Stories You Should Know (5/5/10)

Boston Globe (Boston, MA)
In a widely expected concession, Senate Democrats agreed yesterday to jettison a $50 billion fund that Republicans attacked repeatedly as a perpetual Wall Street bailout-in-waiting, officials in both parties said, clearing one of the key obstacles to approval of tougher controls over the financial industry.

Indianapolis Star (Indianapolis, IN)
Even as former Sen. Dan Coats celebrated his victory Tuesday in the Republican primary election, the battle lines were being drawn in what is shaping up as a bruising fight for U.S. Senate.

UPI (USA)
U.S. President Obama will sign a bill that would expand healthcare services for veterans and expand caregiver benefits and training, the White House said.

Washington Post (Washington, DC)
The conservative “tea party” movement appeals almost exclusively to supporters of the Republican Party, bolstering the view that the tea party divides the GOP even as it has energized its base.

News and Observer (Raleigh, NC)
Secretary of State Elaine Marshall and former state Sen. Cal Cunningham are headed to a Senate primary runoff, meaning that the Democrats will duke it out for the next seven weeks rather than take on the Republicans.

Columbus Observer (Columbus, OH)
In a battle of Democratic titans for the party’s Senate nomination, Lt. Gov. Lee Fisher defeated Secretary of State Jennifer Brunner but emerged relatively empty-pocketed for the fall campaign against a well-heeled Republican nominee, former U.S. Rep. Rob Portman.

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