Morning Wrap

Bailing Out Wall Street: Lawmakers expect a difficult vote on the $700 billion rescue plan today after a weekend spent negotiating more protections for taxpayers, The New York Times reports. Despite what legislators portrayed as a major improvements to the bill, the proposal gives Treasury Secretary Henry Paulson an unprecedented amount of power to buy American securities as he sees fit.

U.S. Attorney Firings: Former attorney general Alberto Gonzales will not be referred to a federal grand jury for his role in the 2006 firings of nine U.S. attorneys, The Washington Post reports. But a long-anticipated report will recommend that investigators continue to investigate the role of lawmakers and White House officials in the ordeal.

Goodbye Heller Ehrman: Heller Ehrman has begun the process of dissolving, The Recorder reports via Law.com. The firm has dissolution counsel and a dissolution committee in place, San Francisco managing partner Barry Levin said on Friday.

Giving Clients the Squeeze: The West Virginia Supreme Court moved Friday to disbar a Republican candidate for county prosecutor who hired a convicted felon to intimidate four people who owed him nearly $15,000, The Associated Press reports via Law.com. The court said Mark Blevins also asked the convict to secure a gun for him.