Morning Must Reads: Contagion

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Ben Gruber / Reuters

Workers gather oil-soaked algae near Gulfport, Mississippi. (Ben Gruber/Reuters)

–No surprises in Indiana GOP Senate candidate Dan Coats’ or Ohio Dem Senate contender Lee Fisher’s primary victories last night; Elaine Marshall and Cal Cunningham head to a runoff in North Carolina’s Democratic Senate contest.

–Chris Dodd and Richard Shelby have struck a deal to nix the resolution fund from financial reform. It’s not a shocker and it doesn’t radically change the nature of the bill. Without the $50 billion pool, the FDIC would borrow from the Treasury to cover overhead costs while a failed firm was liquidated. The sale of seized assets and, as needed, assessments on the financial sector would reimburse the government.

Jonathan Weisman writes the Deepwater Horizon spill has poisoned the well for a climate bill by making expanded offshore drilling, crucial currency in the negotiating process, unfeasible. Harry Reid sees it the other way. Environmentalists want Obama to use the spill in an urgent argument for legislative action, but he has yet to connect the two rhetorically.

Karen of the Post explores the challenges for a White House dealing with a catastrophic oil spill and a high-profile terrorism case at an inherently political time.

–TIME reports the latest on the Times Square bomb plot and the security questions lingering after Faisal Shahzad’s arrest.

–Orin Kerr weighs in on the Miranda debate. It’s worth restating that the issue is admissible evidence. It’s unconstitutional for prosecutors to use self-incriminating statements obtained before a suspect was read their rights. In the Shahzad case, the distinction is ultimately moot; he cooperated before and after being Mirandized.

–Euro contagion is scary. As are Greek protests over austerity measures.

–Tuscon and Flagstaff are suing their state government over the new immigration law.

–Ted Strickland comes out swinging in Ohio, managing to fit the two least popular professions into four words: “congressman from Wall Street.”

–And Jamie Dimon is afraid of Elizabeth Warren.

What did I miss?