Friday News Roundup - Domestic
Facebook begins trading this morning in one of history’s largest initial public offerings. President Obama meets with congressional leaders to seek common ground on the looming debt ceiling battle. The FBI launches a criminal investigation into the $3 billion trading loss at J.P. Morgan Chase. The House of Representatives approves the Violence Against Women Act. Republican presidential candidate Mitt Romney raises $40 million in one month, nearly matching President Obama. And minorities surpass whites in U.S. births for the first time. Michael Scherer of TIME magazine, Laura Meckler of The Wall Street Journal and John Harwood of CNBC and The New York Times join guest host Tom Gjelten for analysis of the week's top national news stories.
White House correspondent, Time magazine.
White House correspondent, The Wall Street Journal.
chief Washington correspondent for CNBC; reporter, The New York Times.
The panelists discuss Facebook's initial public offering, which started trading Friday at 11 a.m. CNBC correspondent John Harwood said the offering was four times as large as Google's when it went public eight years ago. He said it was priced aggressively at $38 per share. TIME magazine correspondent Michael Scherer said Facebook is unique compared to other Internet companies because it can sell targeted audience information to its advertisers.