We have Thursday’s top news…How much does President Obama want to trim from a record-setting federal budget? Where does he want to make the cuts? What did the ‘stress tests’ show about the health of major U.S. banks? What happened on Wall Street Thursday? Why is Pakistan scrapping a peace deal with the Taliban? What is Attorney General Eric Holder suggesting about the fate of the Guantanamo detainees? We have the answers as we bring you the biggest stories for Thursday, May, 7, 2009.