Takeouts: president OK’s oil drilling, big money for hedge fund managers

WASHINGTON TAKEOUT: President Obama announced yesterday that he would lift some bans on off-shore drilling in a future, comprehensive environmental bill he hopes to get to congress before the 2010 elections. Takeaway Washington correspondent, Todd Zwillich, explains the politics behind the move.

FINANCE TAKEOUT: 2009 was a record year for the nation’s top hedge fund managers. Louise Story, Wall Street and finance reporter for our partner The New York Times, gives us a sneak peek at surprising earnings data that shows that the top 25 earning managers pulled in a collective $25 billion last year alone.