Jim Johnson has resigned from the Obama campaign because of furor over the preferential loans he received from Countrywide Financial, one of the nation’s largest sub-prime mortgage leaders. [N.Y.T.]

The plan for a natural gas pipeline between Connecticut and Long Island is foundering, reports Dan Janison. [Spin Cycle]

Joe Bruno has nothing to say about Bill Powers’ lobbying activities. [Capitol Confidential]

Regarding the chance that his property-tax cap won’t even go to a vote, David Paterson said, “So this is how we are operating government now? We make a public announcement. No hearings, no deliberation, no discussion, no debate. And no alternative.” [Albany Watch] 

Chris Cillizza thinks the lawmakers who haven’t endorsed Barack Obama yet may indicate a problem. [The Fix] 

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