Morning Must Reads: May 24

In the news: the War on Terror, Lois Lerner leaving, bank lobbyists writing bills, the Boy Scouts, Asia's debt binge, and the Jersey Shore.

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Mark Wilson / Getty Images

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

  • Can Obama win the War on Terror?
  • IRS official Lois Lerner placed on administrative leave amid scandal.
    • Congressional Republicans are skeptical the IRS’s treatment of conservative groups warrants a special prosecutor, fearing that step could limit their own investigation into the agency.
    • Charles Krauthammer: “There’s a fly in my soup”
  • Bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.
  • Boy Scouts vote to allow gay youth, 61% to 39%.
  • While the Senate “Gang” produced an immigration bill, the House will have one of its own.
  • Asia goes on a debt binge as much of the world sobers up.
  • Obama hits the Jersey Shore with Gov. Chris Christie Tuesday.
  • TIME Exclusive: Obama’s 1979 prom photos.