Morning Matters

• The Treasury prepares a record-setting debt auction.
• The Senate passes a "cash for clunkers" bill.
• The House ponders new revenue streams. Among the options: a new tax on soft drinks, a higher tax on alcohol, an increase in the income tax, an increase in the payroll tax, and a VAT.
• A jury tells a Minnesota woman to pay record labels $1.92 million for swapping 24 songs online.
• The Pentagon perceives public protests as "low-level terrorism."
• Ayatollah to protesters: Cut it out.

With Reason, Hit and Run.

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