New World Bank Order: President Bush is poised to announce today the man who will replace controversial Paul Wolfowitz, who resigned amid an ethics controversy, as head of the World Bank. The Washington Post reports that Bush is to tap former deputy secretary of state and Bush cabinet member Robert Zoellick as president of the World Bank.
Friends or Foes?: The idea of granting amnesty to illegal aliens is causing some tension between President Bush and his fellow Republicans. The immigration debate has gotton so heated that Bush is now on the offensive and is starting to point fingers at Republicans, saying they are stalling his immigration legislation.
Chinese Stock Plunge: A sharp decline in Chinese stocks could reverberate around the globe, potentially hitting the U.S. financial market as early as today, according to CNN. Alan Greenspan warned Wall Street that it was only a matter of time before the plunge would occur.
New Contender?: Fred Thompson, former Tennessee senator and "Law and Order" star is slated to throw his hat in the presidential ring this summer. According to the Politico, Thompson has already raised several million dollars for his campaign and already has some strong Republican backing.
Founding CBC Member Dies: Parren Mitchell, who helped found the Congressional Black Caucus, was the first black member of Congress from Maryland and the first black to head the House Small Business Committee, died on Memorial Day at the age of 85. Mitchell was known for his civil rights work and his efforts to help minority-owned businesses.