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The Daily Beast's Cheat Sheet notes a New York Times article about a potential fix in the Gulf. BP's leaking well has remained capped for two days; pressure tests will continue for another two days. The cap is a short-term solution until BP can finish drilling relief wells that would permanently plug the leak.

Chris Cillizza's Morning Fix cites a new poll that shows Senate Majority Leader Harry Reid leading Nevada challenger Sharron Angle by seven points. This is the biggest lead Reid has seen in a while, but the poll wasn't all rosy for him -- it showed that only 37 percent of voters view him favorably, as opposed to 46 percent who view him unfavorably.

Ezra Klein's Wonkbook points to the Washington Post's report that the SEC's fraud suit against Goldman Sachs has resulted in a $500 million settlement. The bank will pay $300 million to taxpayers and $250 million to two foreign banks who invested in the subprime security the SEC claims was designed to fail. Goldman will also express "regret" over its actions.

ABC's The Note links to a Bloomberg story about the White House's reaction to the Chamber of Commerce's jobs summit yesterday. Rahm Emanuel and Valerie Jarrett argued against the Chamber's line that Obama had "vilified industries."

Mike Allen's Playbook quotes Jake Tapper's account of a call Rahm Emanuel placed to Air Force One yesterday:
 

'I've got two things for you,' Emanuel told the President. 'Carol?' White House energy and climate change adviser Carol Browner told the president that BP had, at least temporarily, capped the well in the Gulf. Emanuel then told the president that the Wall Street reform bill had completed its final step before the president signs the bill to become law -- it passed the Senate. 'Mark this down as a good day,' the president said.  
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Nicole Allan is a former senior editor at The Atlantic.

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