The Times covers what transpired at the Supreme Court yesterday in Citizens United.

“The court is poised to reverse longstanding precedents concerning the rights of corporations to participate in politics,” said Nathaniel Persily, a law professor at Columbia. “The only reason to ask for reargument on this is if they’re going to overturn Austin and McConnell.”

The Post hints of a dramatic turn of events.

“This has the potential to be a blockbuster,” said Michael E. Toner, a former chairman of the Federal Election Commission. He said the issues have implications for “the whole architecture of the federal campaign financing system.”

Politico has an interesting story.

If the court reverses prior decisions upholding the legal foundations of the provision, corporations and unions would be able to spend millions of dollars on ads attacking or boosting candidates right up until Election Day without many restrictions. Under current law, campaign ads must be about issues and aren’t supposed to expressly support or oppose candidates.