Embattled New Jersey Governor Chris Christie was back in the spotlight today. The annual State of the State speech came at an awkward moment for Christie. The Republican governor had not spoken publicly since apologizing last week for politically motivated lane closures at the George Washington Bridge. Christie acknowledged the unfolding scandal at the start of his speech.
The Senate is still struggling to find a way to pay for an extension of unemployment benefits for those out of work for 26 weeks or more. Majority leader Harry Reid agreed to bring up five Democratic and five Republican amendments in hopes to winning enough Republicans over to get to the 60 votes needed for passage.
Recently we've heard of some big changes at several news organizations involving some of their most prominent journalists. At the Washington Post, the founder of the popular policy site Wonkblog, Ezra Klein, is weighing a departure. And the Wall Street Journal and the New York Times are both scrambling to set up dedicated news teams to replace journalists who have left in pursuit of more money and independence. NPR media correspondent David Folkenflik joins us from our studios in New York.
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Twitter is revealing more details about its planned initial public offering. Late this afternoon, the company announced its intention to raise a billion dollars by selling stock, and revealed detailed information about its finances for the first time. We're joined now by NPR's Steve Henn to discuss this peek behind the Twitter curtain. Hey there, Steve.
More than 330,000 people filed new claims for unemployment insurance benefits last week. That sounds like a big number — and is a slight increase over the previous week — but it's being taken as some very good news. For a month, now, fewer new people are asking for unemployment insurance than at any time since November, 2007. That's before the Great Recession.
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In New York City today, a victory for the Securities and Exchange Commission: A federal jury held former Goldman Sachs trader Fabrice Tourre liable on six of the seven counts against him. The SEC had accused Tourre of intentionally misleading investors about a mortgage-backed security just as the housing sector was beginning to collapse. The investment created huge losses.