Obama's Budget: President Barack Obama's annual budget proposal next week will feature cuts to Medicare and Social Security, The New York Times reports. "The president has made clear that he is willing to compromise and do tough things to reduce the deficits, but only in the context of a package like this one that has balance and includes revenues from the wealthiest Americans and that is designed to promote economic growth," said a senior administration official, who declined to be identified confirming details about the coming budget.
North Korea: Some lawyers say the United States would have the legal justification to launch a pre-emptive strike against North Korea, The National Law Journal reports. "Rhetoric alone does not pose an imminent threat," said Arnold & Porter partner John Bellinger III, who served as the State Department's top lawyer from 2005 to 2009 and the National Security Council's legal adviser from 2001 to 2005. "But if the U.S. felt that North Korea did pose an imminent threat of attack, certainly U.S. government lawyers would conclude that the government has the right to act under the age-old doctrine of anticipatory self-defense."
More Mergers: More law firm mergers are expected to take place in 2013 than in each of the past two years, The Am Law Daily reports. "Unless something unforeseen happens, we'll be ahead this year," said Ward Bower, a principal at legal consultancy Altman Weil, which released a report on law firm combinations this week.
Ebert: Chicago Sun-Times film critic Roger Ebert died Thursday, the newspaper reports. Ebert, 70, had battled cancers of the thyroid and salivary gland.