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Banks’ Plan for Pot, a Major Vote for UAW, and the ‘Italian Obama’—THE EDGE Banks’ Plan for Pot, a Major Vote for UAW, and the ‘Italian Obama...

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Banks’ Plan for Pot, a Major Vote for UAW, and the ‘Italian Obama’—THE EDGE

By Jack Fitzpatrick (@jackfitzdc)

TODAY IN ONE PARAGRAPH: The federal government gave banks an outline for how to to work with businesses that sell marijuana in states where it's legal. President Obama wants Congress to approve a $1 billion fund to prepare for weather events linked to global warming. Secretary of State John Kerry said China promised to pressure North Korea to stop its nuclear program, but it's not clear how hard Chinese leaders are willing to push. The United Auto Workers faces a momentous vote at a Tennessee Volkswagen plant. And the 39-year-old who has been called the "Italian Obama" is likely to become the country's next prime minister.

 

TOP NEWS

BANKS GET GUIDELINES FOR MARIJUANA BUSINESS: The Justice and Treasury departments outlined how banks can do business with marijuana sellers in states where it's legal without getting into trouble. Previously, banks were in a bind because marijuana was illegal at the federal level and they had to disclose any transactions associated with illegal activity. Now, the plan given to banks will allow them to work with marijuana-selling businesses while still requiring them to report possible criminal activity. (Catherine Hollander, NJ)

OBAMA CALLS FOR $1 BILLION CLIMATE-CHANGE FUND: The president's 2015 budget plan will propose a fund for communities to prepare for weather events related to climate change. While many of the Obama administration's environmental plans rely on the president's executive powers, this fund would require approval from Congress. (Ben Geman, NJ)

KERRY URGES CHINA TO HOLD NORTH KOREA ACCOUNTABLE: The secretary of State said Chinese leaders vowed to pressure North Korea to heed warnings over nuclear development, but experts say China is unlikely to push very hard on the issue. Kerry said he asked China to "use every tool at its disposal" to persuade North Korea to give up its program developing nuclear weapons. (Simon Denyer, WaPo)

 

OBAMA DOUBLES DOWN ON EXECUTIVE ACTION PROMISE: President Obama repeated today the vow he made in his State of the Union speech in January, saying he would use his executive authority to help the middle class whenever possible. "I want to work with Congress to make that happen," Obama said. "But, I'm not going to wait, because there's too much to do." (Mike Lillis, The Hill)

VOLKSWAGEN UAW VOTE WILL LIKELY BE CLOSE: About 1,500 workers at a Volkswagen plant in Chattanooga, Tenn., will finish voting at 8:30 p.m. on whether to join the United Auto Workers. It could be a major victory for the Detroit-based union, although Republican Sen. Bob Corker has been vocally critical of the UAW. (Brent Snavely, Detroit Free-Press)

JUDGE STRIKES DOWN VIRGINIA'S BAN ON GAY MARRIAGE: U.S. District Judge Arenda Wright Allen wrote in her opinion, released late Thursday, that choice to marry "must be free from unwarranted government interference," but she stayed her decision pending appeal to the U.S. Court of Appeals for the 4th Circuit. (Robert Barnes, WaPo)

THE WEEKEND IN ONE PARAGRAPH: House Majority Leader Eric Cantor will deliver a speech on national security at 11 a.m. Monday. Mitt Romney will talk about the organization of the Winter Olympics in Sochi and the Republican Party's prospects in the 2016 presidential election on NBC's Meet the Press. Former Ohio Gov. Ted Strickland and former White House adviser Karl Rove will discuss Hillary Clinton's and Chris Christie's chances in the presidential election on Fox News Sunday. Heritage Foundation President Jim DeMint will talk about the debt-ceiling bill, immigration reform, and other issues on CBS's Face the Nation. Actor Kevin Spacey will talk about the Netflix series House of Cards on ABC's This Week. And if you plan to celebrate Valentine's Day with your significant other by watching Vice President Frank Underwood manipulate Washington to his liking, prepare for slow download speeds.

 

TOP LINES

THE 6 SENATORS WHO SWITCHED THEIR DEBT-LIMIT CLOTURE VOTES: Six Republicans initially voted against ending debate on the debt-limit bill on Wednesday, before switching to a "yes" vote. (Niels Lesniewski, Roll Call)

'COMMUNITY' STAR TO HOST WHITE HOUSE CORRESPONDENTS DINNER: Joel McHale will headline the dinner as the WHCA celebrates its 100th anniversary. (David Jackson, USA Today)

THE MIAMI DOLPHINS' 'PATTERN OF HARASSMENT': Offensive lineman Jonathan Martin and others were persistently taunted with racial and sexual slurs by three starters, according to an investigator. (Denver Nicks, Time)

Don't Miss Today's Top Stories

Chock full of usable information on today's issues."

Michael, Executive Director

Concise coverage of everything I wish I had hours to read about."

Chuck, Graduate Student

The day's action in one quick read."

Stacy, Director of Communications

Great way to keep up with Washington"

Ray, Professor of Economics

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THE GRISLY ORIGINS OF VALENTINE'S DAY: It's not easy being a martyr. While we don't know all the details of the holiday's beginning, we know the Roman St. Valentine was sentenced to death for his black-market weddings. (Marina Koren, NJ)

TOP READS

THE UPSIDE OF OUR MACHINE-DOMINATED FUTURE: Self-driving cars and 3-D printers are just the beginning, and increasing access to the Internet will make way for billions of technological innovators in the future. (Brynjolfsson/McAfee, The Atlantic)

THE ITALIAN OBAMA: 39-year-old Matteo Renzi is inexperienced but laden with high expectations, and he is likely to be confirmed as Italy's prime minister. (Catherine Mayer, Time)

TOP VIEWS

THE COOLEST PHOTOS OF SPACE: Astronaut Don Pettit has a pretty nice vantage point for his photos of the stars. (Maia Booker, New Republic)

SNOBAMA, AND OTHER SNOW ART AT DUPONT CIRCLE: Following Wednesday night's snowstorm, the park became home to a number of creative sculptures. (Benjamin Freed, Washingtonian)

Don't Miss Today's Top Stories

Chock full of usable information on today's issues."

Michael, Executive Director

Concise coverage of everything I wish I had hours to read about."

Chuck, Graduate Student

The day's action in one quick read."

Stacy, Director of Communications

Great way to keep up with Washington"

Ray, Professor of Economics

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