Friday News Roundup - Domestic

Friday News Roundup - Domestic

Former Massachusetts Governor Mitt Romney edged out Rick Santorum by eight votes to win the Iowa caucuses, and Minnesota Congresswoman Michele Bachmann bowed out of the race after a fifth-place finish; President Obama appointed former Ohio Attorney General Richard Cordray to lead the new Consumer Financial Protection Bureau, defying Senate opposition; and unemployment remained unchanged from December at 8.5%. Jackie Calmes of The New York Times, Jim VandeHei of Politico, and Jeanne Cummings of Bloomberg News join Diane for analysis of the week's top national news stories.

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.

Guests

Jeanne Cummings

deputy government editor, Bloomberg News.

Jim VandeHei

executive editor, "Politico."

Jackie Calmes

national correspondent, The New York Times.

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