Washington in 60 Seconds: Obama Talks Nukes, Kennedy's Replacement Coming, Delay Dances On

Good morning, Capitolists! If you like your Hammer dancing and wear your polyester right-of-center, relax my friends. The people spoke last night, and Tom Delay won reelection to another week as a contestant on "Dancing With the Stars."

Here's what else is making news in Washington today:

* President Obama will chair a meeting of the U.N. Security Council on nuclear non-proliferation, hold a reception for democracy in Pakistan, and then zip to Pittsburgh to host a dinner (with Mrs. O) for the leaders of the G-20 and their spouses.

* Massachusetts Gov. Deval Patrick is expected to announce a replacement for Sen. Ted Kennedy at 11 this morning. Come back to Politics Daily for the latest on that when it happens.

* Vulnerable House Democrats are telling The Hill's Mike Soraghan that they think Nancy Pelosi's liberal agenda is jeopardizing their reelections in 2010. One Blue Dog said of the leadership, "They're seriously endangering their majority."

* The Senate Finance Committee continues its slog through 500 amendments to Sen. Max Baucus' health care reform proposal. The spry men and women on the committee worked into the wee hours on C-SPAN3 last night, the Washington Post's Ceci Connolly writes. Everyone involved will be back at work at 9 this morning.

* President Obama's decision to abandon plans for a missile-defense system based in Eastern Europe has Republicans fighting mad. The Senate Armed Services Committee holds a hearing on the decision this morning -- fireworks expected.

* And finally, despite vows of "never again!" when the financial community's house of cards fell last year, the whiz kids of Wall Street have cooked up a new scheme to pool, securitize and sell life insurance policies, with investors reaping big rewards depending on when policy holders die. A House Financial Services subcommittee looks into that dubious money-maker today.