Morning Smoke: GAO Recommends a New Arrangement for National Security Budgeting

GAO urges changes in budgeting for national security [Walter Pincus, The Washington Post]

Wall St. Weighs a Challenge to a Proposed Tax [Eric Dash, The New York Times]

FBI broke law for years in phone record searches [John Solomon and Carrie Johnson, The Washington Post]

Defense takes aim at contractor business systems [Robert Brodsky, Government Executive]

New emails show AIG mulled bank payment disclosures [David Lawder and Mark Felsenthal, Reuters]

Souring Mortgages, Weak Market Force FHA to Walk a Tightrope [Nick Timiraos, The Wall Street Journal]

Can the Spiffy New SEC Catch Madoff's Minions? [Jessica Calefati, Mother Jones]

When Do You Ban a Stimulus Contractor? [Michael Grabell, ProPublica]

Swiss Banker Blows Whistle on Tax Evasion [Lynnley Browning, The New York Times]