The Morning Read: Monday, September 15, 2008

The New York Times editorial board wants Charlie Rangel to–at least temporarily–step aside as chairman of the House Ways and Means Committee. If he doesn’t, the paper writes, “Ms. Pelosi should remove him immediately.”

The Daily News reports that there are more problems with Rangel’s personal financial records.

The Wall Street Journal asks, "If even the nation’s top tax writer can’t figure out what to declare as income, and what not to declare, how can the rest of us be expected to get it right?"

Michael Bloomberg canceled his trip to California because of the unprecedented financial crisis.

Merrill Lynch agreed to be sold, Lehman Brothers will be liquidated and A.I.G. “may have only days to survive,” according to the Times.

“Part of the fear gripping Wall Street is the ‘who’s next’ game,” write Ben White and Jenny Anderson.

New economic problems could "upend" the last leg of the presidential campaign, Politico writes.

In a Daily News op-ed. Hillary Clinton calls for more investment in transportation infrastructure.

A new Obama ad attacks John McCain’s "honor" and conduct during the campaign.

Joe Biden will talk more about how his "friend" McCain has changed.

Norm Ornstein defends the "Washington insider" in The Washington Post.

A bill supported by Bloomberg would shrink the amount of information elected officials must disclose about their personal finances.

Bill de Blasio and Eric Gioia attended David Weprin’s press conference to urge colleagues not to extend term limits legislatively.

Neither Weprin nor de Blasio ruled out seeking a third term in the Council.

Vito Fossella wants to get back on the ballot.

Bob Strainere says that rumors he will run for a judicial seat instead of for Congress are false.

Marty Connor is cleaning out his office, and said he would have fired his chief of staff earlier but didn’t want to make it an issue during the campaign.

Jonathan Hicks has a bagel with Dan Squadron.

Sheldon Silver says Bloomberg shouldn’t change term limits.

Who will replace Chief Judge Judith Kaye? asked the Times Union.

Unnamed sources share internal polling with Fred Dicker that indicates John McCain is doing well in New York.

Betsy Gotbaum’s husband is in the hospital.

Nora Anderson’s $225,000 loan draws scrutiny from the Daily News editorial board, which is asking for an investigation as soon as she assumes office.

And Peter Vallone, Jr., likes mayoral control of schools.

The Morning Read: Monday, September 15, 2008