President Barack Obama on Tuesday admitted he made a mistake in handling the nomination of Tom Daschle as his Health and Human Services secretary, saying Daschle’s tax problems sent a message that the politically powerful are treated differently from average people. Daschle, the former Democratic leader in the U.S. Senate, withdrew earlier yesterday as news that he failed to pay some taxes in the past continued to stir opposition on Capitol Hill. CNN
The Obama administration plans to limit pay to $500,000 a year for executives of government-assisted financial institutions, a senior administration official said Tuesday. Obama plans to announce the new limits with Treasury Secretary Timothy Geithner at the White House today. FOX News
Ty Inc., the company that makes Beanie Babies has retired its controversial Sweet Sasha and Marvelous Malia dolls. A spokeswoman for the first lady, Michelle Obama, had protested that the dolls were inappropriately using “young, private citizens for marketing purposes.” When the dolls were introduced last month Ty Inc., insisted that the dolls were not intended to depict the Obama girls despite the dolls’ passing resemblance to the first daughters. On Tuesday, the company’s Web site included pictures of the two dolls beneath a red sign that read “Retired.” NYTimes
About 90,000 sex offenders have been identified and removed from the social networking Web site MySpace. The number was nearly double what MySpace officials originally estimated last year, said North Carolina Attorney General Roy Cooper, who along with Connecticut Attorney General Richard Blumenthal has led efforts to make social networking Web sites safer for young users. CBS News
A urine sample provided by all-time home run leader Barry Bonds as part of an anonymous testing that baseball conducted in 2003 has tested positive for performance-enhancing substances. Bonds’ sample did not test positive under Major League Baseball’s program but was retested by investigators at the UCLA Olympic laboratory by a prominent doping researcher after it was seized in a 2004 raid. The samples are believed to contain traces of the previously undetectable designer steroid known as THG, or “The Clear.” FOX News
TMZ has posted audio tape of Christian Bale screaming and swearing at director of photography Shane Hurlbut on the set of “Terminator: Salvation.” It happened after Hurlbut apparently walked through the set, distracting the actor in the middle of a big scene. Click here to hear it, but beware of the explicit and graphic language.