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Weighing Obama's Promises* » During almost two years on the campaign trail, Barack Obama vowed to slay the demons of Washington, bar lobbyists from his administration and usher in what he would later call in his Inaugural Address a "new era of responsibility." What he did not talk much about were the asterisks. Meanwhile, as he battles to save his nomination to be secretary of health and human services, one thing is certain: No one in Washington has a better-positioned network of allies in the Obama administration than Thomas A. Daschle. — New York Times, Washington Post

Freed Kilpatrick 'Not Bitter' » Former Mayor Kwame Kilpatrick left jail early this morning with a new look, an apparent new appreciation for freedom and a new high-powered lawyer who said he doesn't have any plans to sue anybody ... yet. — Detroit Free Press

FTC Sues in 'Pay-for-Delay' Pact » The Federal Trade Commission has filed suit in federal court in an attempt to block a deal in which a manufacturer of a brand-name testosterone-replacement drug paid three competitors to delay rolling out cheaper generic versions. — Washington Post

UBS Inquiry Broadens » Prosecutors are investigating whether UBS, the world's largest private bank, helped up to 19,000 wealthy American clients improperly deposit $20 billion overseas, evading an estimated $300 million a year in taxes. Meanwhile, a new report by the Treasury inspector general for tax administration faults the IRS in its efforts to flush out wealthy investors in abusive tax shelters. — New York Times

Citi Details Use of TARP Funds » Citigroup Inc. has poured $25.7 billion of its government-supplied funding into bolstering the U.S. residential mortgage market, the company disclosed in its first quarterly progress report on how it is using the $45 billion in federal TARP funds. The bank is also exploring the possibility of breaking a nearly $400 million deal that includes naming rights to the new New York Mets stadium. — Wall Street Journal

Warnings of Waste, Fraud in Afghanistan » Despite the wasted funds, fraud and lack of accountability that marred the U.S. reconstruction effort in Iraq, Stuart W. Bowen Jr., the congressionally mandated special inspector general for Iraq reconstruction, says the United States is making many of the same mistakes again in Afghanistan. — Washington Post

After the jump...

BEST OF THE REST
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» '04 Corporate Tax Break Probed (WaPo)
» Obama Faults FDA on Food Safety (WaPo)
» Ex-Illinois governor calls removal a 'hijacking' (AP)
» Pentagon Letter Complicates Blackwater Case (WaPo)
» China Delays Trial of Rights Activist (WaPo)