The visiting leaders will meet with Secretary of State Hillary Clinton before heading over to the White House where they will have separate meetings with Obama and Vice President Biden before a trialateral gathering.
Though the administration has doubts about the capability of both men, Obama is expected to urge Karzai and Zardari to put aside a history of mistrust and join Washington in an alliance against Islamic extremists.
On the economic front, regulators have told Bank of America it needs $34 billion of capital to withstand a deep economic downturn while Citigroup may need as much as $10 billion. The Obama administration is due to release results of the bank stress tests late onThursday but sources say about 10 of the 19 big U.S. banks being tested are likely to need more capital.
The morning television shows were very interested in former presidential candidate John Edwards — or more specifically, his wife Elizabeth. She has just written a new book and was on Oprah talking about her husband’s infidelity. She is due to give more TV interviews next week.