Reason Morning Links

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• Obama's $100 million "budget cutting" demands on federal agencies marginal at best: equivalent of someone making $60,000 per year finding $6 in savings.

• Congress gets fat.

• The Washington Times is reporting that Sen. Diane Feinstein (D-Calif.) tried to steer $25 billion in bailout money to a federal agency that had just awarded an lucrative contract to the firm owned by her husband.

• In an effort to save the Preakness, Maryland lawmakers may use eminent domain to purchase the money-losing Pimlico Race Course.

• The NY Times looks at the prospects of reforming the nation's marijuana laws.

• Non-profits say they should be exempt from Obama's lobbying rules because they lobby for all the right reasons.

• Russia building its own "Bridge to Nowhere."