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Last week a unanimous bipartisan Senate report accused high Bush Administration officials of approving abusive interrogations. Now Vice President Cheney confirms that he was on board. Will Barack Obama investigate or leave the recent past to future historians? Also, Obama's cabinet continues to take shape, and the interest rate falls toward zero, but other actions by the Federal Reserve could be much more important.

Banner image: President George W. Bush (R) meets with the Iraq Study Group, including U.S. Secretary of Defense Donald Rumsfeld (L) and U.S. Vice President Dick Cheney on June 14, 2006 in Washigton, DC. Photo: Dennis Brack-Pool/Getty Images

Making News Obama Announces More Cabinet Picks 5 MIN, 48 SEC

Barack Obama's cabinet continues to take shape, well before he's sworn in to office. Today, he appointed as Secretary of Education, Arne Duncan, head of public schools in Chicago since 2001. David Mark is senior editor at Politico.com and author of Going Dirty: The Art of Negative Campaigning.

David Mark, Politico (@DMarkPOLITICO)

Going Dirty

David Mark

Main Topic New Reports Raise Questions About Bush's Iraq Legacy 35 MIN, 2 SEC

With a month left in office, the Bush Administration is getting reviews and voicing its own assessments of the past eight years. An unpublished official history of the Iraq reconstruction says it was crippled before it began and bungled in execution. John McCain and other Republicans signed a unanimous Senate report that so-called "abusive" interrogation techniques in the war on terror were not the work of a few low-level "bad apples" at Abu Ghraib and Guantánamo Bay, but that top Administration officials, including Donald Rumsfeld, Air Force General Richard Myers and Condoleezza Rice, signed off on water-boarding and other practices some call torture.  Now, Vice President Cheney says that's true.  Should he and others be praised for protecting the country or investigated for possible crimes?

Roy Gutman, Pulitzer Prize-winning veteran foreign correspondent (@roygutman)
Caroline Frederickson, Director of the Washington Legislative Office, ACLU
Scott Horton, Columbia Law School / Harper's (@ColumbiaLaw)
Bruce Fein, attorney
T. Christian Miller, ProPublica (@txtianmiller)

Blood Money

T. Christian Miller

Reporter's Notebook Fed Lowers Interest Rate to Historic Lows 7 MIN, 48 SEC

When Barack Obama held his news conference today, the Federal Reserve was expected to lower the benchmark interest rate to 0.5%, the seventh rate change this year. Instead, it dropped the rate to between zero and 0.25%, the lowest level in more than 50 years.  Even Ben Bernanke acknowledges it won't do much good. Daniel Gross is senior editor at Newsweek.

Daniel Gross, Strategy + Business (@grossdm)

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