Morning Smoke: F-22 Has Big Maintenance Problems, Costs Over $44,000/hr

Premier U.S. Fighter Jet Has Major Shortcomings [The Washington Post] - POGO revealed the fighter's stealth maintenance issues in February, and, along with Stephen Trimble at the DEWLine, raised concerns about the stealth coating problems revealed in a recently unsealed qui tam lawsuit

Bank Stock Warrants Undervalued, Panel Says [The New York Times]

GSA Announces Recovery.gov Redesign Contract [OMB Watch]

Two Authorities on Fed Advise Congress Against Expanding Its Power [The New York Times]

SAIC Case Sheds Needed Light on World of Government Contracting [The Washington Post]

Winning Financial Firms Gave Big in 2008 Cycle [BailoutSleuth]

Secret Program Fuels CIA-Congress Dispute [The Washington Post]

Hearing: "A Review of the Administration's Proposal to Regulate the Over-the-Counter Derivatives Market" [House Financial Services Committee]