Kentucky Republicans are upset that in the State of the Union address President Obama announced new areas where he plans to bypass Congress. Republicans control the House, but President Obama says he isn’t looking for their approval for items such as increasing scrutiny of mortgage companies, spurring clean energy development on public lands and even taking steps that he says will spur economic growth. Kentucky Republican Senator Rand Paul the president should have been asking Congress for more support instead of telling lawmakers what he already plans to do without their aid.
Vancouver, Canada, is laying claim to the most expensive hot dog in the world. Chef Dougie Luv of DougieDog Hot Dogs starts serving his $100 Dragon Dog Wednesday. The hot dog features a foot-long bratwurst which is infused with 100-year-old Louis XIII cognac. That cognac costs more than $2,000 a bottle.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
President Obama wants to see more tax breaks for manufacturers and fewer tax breaks for millionaires. Those were among the ideas floated in the president's third State of the Union speech last night. Throughout the morning, we're getting reaction to that address.
Mitt Romney has spent a lot of his time in Florida talking about home foreclosures. The housing crisis is one of the few problems that Romney can use to attack both his Republican rival Newt Gingrich and President Obama.
The Republican presidential candidates continue campaigning in Florida in advance of next Tuesdays GOP primary. Newt Gingrich, who is leading the polls, made a series of stops along the state's Gulf Coast. He attacked President Obama for high gas prices.
President Obama visits Phoenix Wednesday as part of a five-state campaign tour. The campaign thinks it can win Arizona, and that's an unlikely ambition for this conservative state. But Obama might have a chance. Unlikely upsets have dominated Arizona politics lately. The electorate is in flux.
And today, the Federal Reserve is taking another step in its stated intention to become more transparent. The committee that sets interest rates ends a two-day meeting, and its usual post-meeting announcement will have some unusual information.
For a hint of what we're to learn, we called David Wessel; he's economics editor of the Wall Street Journal. Good morning.
DAVID WESSEL: Good morning.
MONTAGNE: So what is the Fed going to announce today that's so remarkable?
NPR's business news starts with a turning point for Japan.
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MONTAGNE: Tokyo today reported Japan's first trade deficit since 1980. For the last three decades, Japan has exported so many goods to the world, it's run trade surpluses. But last year, Japan imported more than it exported - $32 billion more. The shift in fortunes comes after last year's earthquake and tsunami and nuclear power plant shutdowns.
The text of President Obama's State of the Union address, as delivered:
Thank you. Thank you so much.
Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans:
Last month, I went to Andrews Air Force Base and welcomed home some of our last troops to serve in Iraq. Together, we offered a final, proud salute to the colors under which more than a million of our fellow citizens fought — and several thousand gave their lives.