President Obama this morning lays out what his aides say is a plan to reduce projected budget deficits by about $4 trillion over the decade. Earlier, we posted about "Five Things To Know About Obama's Deficit Plan."
We've also already reported that former International Monetary Fund chief Dominique Strauss-Kahn has admitted he made a "grave moral mistake" during an encounter with a maid in a New York City hotel last spring. But he's not apologizing and says what happened was consensual.
Other stories making headlines this morning include:
-- Plane In Deadly Reno Air Race Crash Had Undergone "Radical" Changes To Increase Its Speed: "The World War II-era plane that plummeted into an air-race crowd like a missile bore little resemblance to its original self. It was rebuilt for speed, if not for stability. ... Investigators don't yet know what caused the plane to pitch sharply into the crowd at the National Championship Air Races in Reno [on Friday], killing nine people, including [the pilot] and injuring dozens. They have focused on the 'elevator trim tab' — a piece of the tail that helps the control the aircraft's pitch and appeared to break off before the crash." (The Associated Press)
Related headline: "Medical Examiner's Office Identifies Five Of The Deceased." (Reno Gazette-Journal)
-- Deal On Release Of Americans Held In Iran Hits Snag: "A bail-for-freedom deal for two Americans jailed as spies in Iran hit a snag Sunday because a judge whose signature is needed on the bail papers was on vacation, the prisoners' lawyer said, dashing hopes for their immediate release. ... Shane Bauer and Josh Fattal, both 29 years old, have been jailed for more than two years in a case that has deepened the mistrust between Iran and the United States. They were detained along the Iran-Iraq border in July 2009 with their friend Sarah Shourd. She was released last September with mediation by the Gulf nation of Oman after $500,000 was paid." (The Associated Press)
-- Death Toll Climbs In Yemen: "At least 20 people have been killed by security forces in Yemen, doctors say, continuing a bloody crackdown on protesters that started on Sunday. Snipers in Sanaa fired from rooftops at a protester camp, killing bystanders including a child, witnesses said. And government forces have begun shelling areas held by soldiers loyal to the protesters. The opposition has promised to carry on its campaign to oust President Ali Abdullah Saleh." (BBC News)
-- Mad Men And Modern Family Capture Multiple Emmys: Complete list of winners is posted here.
Related post at Monkey See: The Emmys: Satisfying Winners Elevate A Sloppy Show