President Obama heads to New York City to speak on regulatory reform. The New York Daily News' cover: "In belly of the beast."
The New York Times: "As the Senate debates how to rewrite rules governing the financial industry, Mr. Obama will lay out the elements he insists must be in any legislation to get his signature. Among them are more consumer protections, limits on the size of banks and the risks they can take, reforms on executive compensation and greater transparency for controversial securities known as derivatives."
The Washington Post: "President Obama's speech in Manhattan on Thursday marks the culmination of a strategic, month-long acceleration of his personal involvement in financial regulation, according to White House and Treasury Department officials."
The New York Post launches a defense of Wall Street with its cover: "Mr. President, Don't Kill the Golden Goose."
Time looks at the case against Goldman Sachs.
In his interview with CNBC's Harwood, Politico says Obama "punted when asked if he'd categorically rule out raising rates on taxpayers earning more than $200,000 – a key campaign pledge. Obama said he won't decide until a bipartisan deficit reduction commission releases its recommendations later this year. And he wouldn't commit to vetoing a bill to extend the Bush-era tax cuts on families making over $250,000 – even though eliminating the tax break is a central part of his deficit reduction agenda."
It looks like the state of Arizona might force the White House's hand on immigration reform. "Police chiefs from across the nation jumped into Arizona's immigration battle Wednesday," the Arizona Republic reports. "During a telephone press conference, four chiefs - including former Mesa Chief George Gascón - criticized the proposed immigration law the state Legislature passed. The bill now awaits Gov. Jan Brewer's signature."
"Brewer has until the end of the day Saturday to decide if she'll sign Senate Bill 1070, veto it or do nothing and allow it to become law. The bill, among other things, would make it a state crime to be in the country illegally and requires local law enforcement to determine an individual's legal status if there is reasonable suspicion that he or she is in the U.S. illegally."
"Forty years after that first Earth Day on April 22, 1970, smog levels nationwide have dropped by about a quarter, and lead levels in the air are down more than 90 percent," the AP writes. "Formerly fetid lakes and burning rivers are now open to swimmers. The challenges to the planet today are largely invisible -- and therefore tougher to tackle."