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Ben Bernanke will give the first ever press conference by a Fed chairman today at 2:15 following the release of the Federal Open Markets Committee decision announcement (Fox Business)

CIA director Leon Panetta reportedly will succeed Robert Gates as secretary of defense (Politico)

The DNC tries to launch campaign to get Boehner to cut "tax breaks" for oil companies (Democrats.org)

Obama to visit Chicago to tape an episode of the Oprah Winfrey Show (Lynn Sweet)

The Treasury has begun making plans for a failure to raise the debt ceiling (Washington Post)

On this day in 1773, Parliament passed the Tea Act (History)

For those worried about China overtaking the U.S. -- here's video of a Chinese street-sweeper:

On the main site:

Comedy's Lion in Winter, by Gerald Nachman: The great Mort Sahl is alive and well and performing near San Francisco.

What Professor Obama Doesn't Understand, by Peter Ferrara: Our president is proudly, willfully ignorant of economics at even the most basic level.

The Party of Ryan or The Party of Trump?, by Aaron Goldstein: Do we really want to go from Barack to buffoon?

Too Messy Even for Liberals, by Jeff Walton: The Episcopal Church passes on ordaining scandalized former New Jersey Governor James McGreevey.

Why Not Santorum? by Lisa Fabrizio: A plain speaker in a mendacious political climate.

Marching for Frogs, by Robert James Bidinotto: Watch out for "Save the Frogs," the latest eco-scare.

April Showers, by Quin Hillyer: Spring needn't celebrate only that life which is new.