Morning Must Reads: May 20

In the news: the IRS, Pakistan, higher education, Keystone XL pipeline, drones, and Yahoo!

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Mark Wilson / Getty Images

The early morning sun rises behind the US Capitol Building in Washington, DC.

  • The White House’s chief lawyer Kathryn Ruemmler learned weeks ago that an audit of the Internal Revenue Service likely would show that agency employees inappropriately targeted conservative groups
  • Washington Post gets a rare peek into a Justice Department leak probe
  • Fixing America’s skills-based gap and income inequality
  • Rajat Gupta and the fall of billionaire Raj Rajaratnam
  • Pakistan‘s railroads rust and its economy crumbles
  • Employers are increasingly recognizing they may be able to avoid certain penalties under Obamacare by offering very limited plans that can lack key benefits such as hospital coverage
  • Liberals vs. conservatives in higher education
  • Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under settlements brokered by the government since 2008
  • In rejecting the Keystone XL pipeline, Obama wouldn’t solve the underlying problem of consumption, but would put a brake in the process
  • President Obama is slated to lay out his administration’s legal justification for using drones against terrorists in a speech on Thursday
  • Yahoo! takes Tumblr for $1.1 billion