Morning Smoke: Committees Report Mixed Progress on Cutting Wasteful Spending

Pelosi's Chairmen Give Mixed Grades on Waste [The Hill]

Outgoing Defense Acquisition Chief Warns against Excessive Regulation [Government Executive]

Plan to Cut Weapons Programs Disputed [The Washington Post]

Bair Seeks to Expand Power, Ending 'Too Big to Fail' [Bloomberg]

Fed Pushes Citi, BofA to Increase Capital [The Wall Street Journal]

Dissecting Tim Geithner's 658-Page Schedule [TPMMuckraker]