Friday News Roundup - Domestic
The unemployment rate dropped to 8.5 percent – the lowest level in nearly three years; President Obama bypassed Congress and appointed Richard Cordray as consumer protection chief; plans for cuts to the Pentagon were unveiled; the Fed urged Congress to take more aggressive action on housing; the official Republican campaign for 2012 got underway; Mitt Romney got an unexpected win in Iowa and an endorsement from John McCain; Michele Bachmann announced an end to her campaign; and Rick Perry said he’s not giving up yet. The domestic hour of the Friday News Roundup.
deputy government editor, Bloomberg News.
executive editor, "Politico."
national correspondent, The New York Times.