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The Two-Way
9:09 am
Wed January 4, 2012

Bucking GOP, Obama Will Recess Appoint Consumer Agency Chief

Credit Chip Somodevilla / Getty Images
Richard Cordray testifies during his confirmation hearing on Capitol Hill in September. His nomination to head the consumer watchdog agency was blocked by Senate Republicans.

President Obama will use what's known as a recess appointment to name Richard Cordray the head of the country's new consumer watchdog agency.

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The Two-Way
8:56 am
Wed January 4, 2012

Man Uses iPad, Not Passport, To Gain Entry To U.S.

A Canadian man has been making headlines because he used an image of his passport saved on his iPad — instead of the official document itself — to cross the U.S.-Canadian border two times.

Martin Reisch, 33, says he forgot his passport when he left for a car trip across the border in Quebec. But he had an iPad with him, and it contained a scan of his passport. So Reisch gave the device to the U.S. border officer, along with his drivers' license, and the explanation that he was merely driving to Vermont, to drop off some Christmas presents.

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Election 2012
8:35 am
Wed January 4, 2012

Not Everyone Is Basking In Iowa's Afterglow

Iowa proved a road to victory for Mitt Romney, but it was a road to nowhere for Michele Bachmann.

The field of Republican challengers narrowed Wednesday after the Minnesota congresswoman held a news conference in Des Moines to announce that she was ending her 2012 presidential bid following after a poor showing in Tuesday night's caucuses.

Speaking deliberatively, Bachmann said she had "no regrets" whatsoever and said she ran her race with integrity and will continue to fight for the causes she emphasized on the campaign trail.

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The Two-Way
8:31 am
Wed January 4, 2012

Orders To U.S. Factories Increased By 1.8 Percent In November

The United States saw an 1.8 percent uptick in orders to factories in November, marking a four-month high and signaling continued economic recovery. The Commerce Department also revised the data for Ocotber, which recorded a 0.2 percent drop.

Bloomberg reports:

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The Two-Way
8:14 am
Wed January 4, 2012

Afghan President Says He Supports Talks With Taliban

Afghanistan's president said his country would back a deal, which might allow the Taliban to open an office in Qatar where they could hold peace talks with the United States and Afghanistan.

"Afghanistan agrees with negotiations between United States of America and the Taliban which will result in the establishment of an office for Taliban in Qatar," President Hamid Karzai said on Wednesday.

The AP adds:

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