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We have some genuinely good news today. President Obama promised in his State of the Union address to work with Congress this year to “finally repeal the law that denies gay Americans the right to serve the country they love because of who they are.” He hasn’t exactly been a ball of fire on this topic since then, however, and Defense Secretary Robert Gates, though plainly in favor of repealing DADT, wants to wait until the Pentagon has finished studying how to implement repeal later this year. Meanwhile, Sen. Carl Levin has promised to put repeal in this year’s Senate’s annual defense spending bill but Rep. Ike Skelton hasn’t been keen on doing the same thing in the House bill.

But now it appears we have a deal:

Under the compromise, worked out in a series of meetings Monday at the White House and on Capitol Hill, lawmakers will proceed to repeal the Clinton-era policy in the next several days, but that action will not go into effect until the Pentagon completes a study about implementing the repeal.

In a letter to lawmakers pushing for a repeal, the White House wrote Monday that “such an approach recognizes the critical need to allow our military and their families the full opportunity to inform and shape the implementation process through a thorough understanding of their concerns, insights and suggestions.”

This is actually not much of a compromise. It’s basically a complete win the DADT repeal forces, since implementation always would have taken some time no matter when repeal was passed. Pelosi and Reid already support repeal, and now, with Obama’s active support, the chances of getting it through Congress are excellent. Adam Weinstein has more here.

So if things go the way I think they’ll go, by later this year Obama, Pelosi, and Reid will have passed a historic stimulus bill, the Lily Ledbetter Act, healthcare reform, college loan reform, financial reform, repeal of DADT, and Obama will have withdrawn from Iraq.1 Not bad for 18 months of work. And who knows? There’s even a chance that Obama’s Afghanistan escalation will work. If it does, what president since LBJ will have accomplished more in his first term?

1Except for the pesky “residual force,” of course. Still, once the combat forces are gone, it’s hard to see a scenario in which they’re ever sent back in.

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

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