Stories You Should Know (5/13/10)

Reuters (USA)
U.S. authorities are expanding their probes of past mortgage securities deals, with New York’s attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.

New York Daily News (New York, NY)
HI Republican Gov. Linda Lingle signed into law on Wednesday a bill that would allow Hawaii to ignore repeated requests for President Obama’s birth certificate.

Wall Street Journal (USA)
The Obama administration plans to cut port and subway security funds to the New York City area by more than $50 million, a 20% reduction from last year, infuriating lawmakers who say the recent attempt to bomb Times Square shows the area needs more help, not less.

Washington Post (Washington, DC)
When Senate candidate Rand Paul told a lunchtime crowd at Shearer’s Buffet that “we have to do things differently” in Washington and “bring ’em home and send some different Republicans,” it wasn’t hard to make the jump from this rural area near the Tennessee border to the top Republican in the state, if not the country: Senate Minority Leader Mitch McConnell.

Hotline On Call (Washington, DC)
In a move that was expected by many, Gov. David Paterson (D) announced today that he’ll call a special election to replace ex-Rep. Eric Massa (D) for Election Day — 11/2 — despite legal action by some GOPers to get the date moved up.

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