Monday, March 30, 2009 8:30 AM

K Street Thriving Amid Downturn

From this morning's Earlybird:

• "Main Street's gloom has been K Street's boon," the Washington Post reports. "The $787 billion stimulus package -- along with an ambitious new federal budget, bank bailouts and the beginning of a regulatory overhaul -- has succeeded in stimulating the economy along Washington's avenue of influence."

• "The National Republican Congressional Committee -- the entity charged with pushing the House GOP back into the majority -- is reaching out to former Capitol Hill staffers and veteran campaign consultants to craft its 2010 political strategy and rally the Republican troops on K Street," Roll Call (subscription) reports.

• "For most of the last three decades, the lobbyist Paul Magliocchetti might have been mistaken for an owner of the Alpine, a wood-paneled Italian restaurant across the Potomac River from Washington where he routinely presided over boisterous tables of lawmakers and their staff members," the New York Times reports. "Now, however, Mr. Magliocchetti's generosity is coming to an abrupt halt: his firm, the PMA Group, is closing its doors next week, after reports that federal prosecutors had recently raided his office and his home."