Middle East: Egypt’s military named an eight-person committee, including a member of the Muslim Brotherhood and a prominent Christian judge, to recommend changes to the country’s constitution, as opposition parties showed the first signs of gearing up for elections. (WSJ:Egypt’s Military, Parties Begin to Prepare for Polls)
Budget: One day after President Obama submitted his budget request for fiscal 2012 to Capitol Hill, congressional Republicans assailed the document as too weak on spending. But they also signaled an openness to working with Democrats to solve the nation’s financial problems. (WaPo: Republicans Blast Obama Budget but Signal Willingness to Work with Democrats)
Madoff: In his first interview for publication since his arrest, Bernard L. Madoff insisted that his family knew nothing about his crimes, but some banks and hedge funds “had to know.” (NYT: From Prison, Madoff Says Banks ‘Had to Know’ of Fraud)
On the Daily Rundown: Senate Budget Committee Chairman Kent Conrad is on to talk about what budget compromise, if any, might come out of the Senate. Andrea Mitchell has the intriguing details of the mysterious detention of an U.S. embassy employee in Lahore, Pakistan. Plus GOP strategists Mark McKinnon and Tony Perkins will talk about the conservative messaging for the upcoming campaings.