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7:44am

Wed January 11, 2012
It's All Politics

Mitt Romney Raised $24 Million Last Quarter

During the last quarter of 2011, Mitt Romney raised $24 million, his campaign announced today. That means the former Massachusetts governor has $19 million in cash on hand to fund his primary battle.

The Washington Post reports that in a shift from his 2008 run, when he poured $40 million of his own money into the campaign, Romney has made no personal donations.

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7:31am

Wed January 11, 2012
Author Interviews

Why America's Spies Struggle To Keep Up

Originally published on Thu January 12, 2012 10:00 am

Matthew Aid is an intelligence historian. His work has appeared in The New York Times, National Journal and The Financial Times.
courtesy of the author

Before Sept. 11, 2011, there were 16 intelligence agencies in the United States. But after the attacks, the 9/11 Commission recommended creating a 17th intelligence agency — the Office of the Director of National Intelligence (ODNI) — to coordinate intelligence operations.

The 16 already existing agencies didn't react well, says historian and former intelligence analyst Matthew Aid.

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6:55am

Wed January 11, 2012
Shots - Health Blog

A Dozen Cases Of Tuberculosis That Resists All Drugs Found In India

An image of Mycobacterium tuberculosis bacteria captured with an electron microscope.
CDC

Tuberculosis specialists in India have diagnosed infections in a dozen patients in Mumbai that are unfazed by the three first-choice TB drugs and all nine second-line drugs.

The doctors are calling them "totally drug-resistant TB," and the infections are essentially incurable with all available medicines.

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6:45am

Wed January 11, 2012
The Two-Way

Fannie Mae CEO Will Step Down

Originally published on Wed January 11, 2012 6:47 am

Fannie Mae President and CEO Michael Williams testifies before the House Financial Services Committee's Oversight and Investigations Subcommittee in December.
Chip Somodevilla Getty Images

Michael J. Williams said he is stepping down as chief executive of the quasi-governmental mortgage giant Fannie Mae. The company made the announcement late last night, saying Williams will wait to step down until the board of directors names a successor.

"I decided the time is right to turn over the reins to a new leader," Williams said in a statement.

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6:10am

Wed January 11, 2012
The Two-Way

Hostess, Maker Of Twinkies, Files For Chapter 11 Bankruptcy Protection

A Twinkie shows off its creamy filling in this file photo from 2005. A snack-cake sales slump is one reason Hostess Brands is seeking protection from its creditors.
Tim Boyle Getty Images

Twinkies maker Hostess Brands Inc., is again seeking protection from its creditors, filing for Chapter 11 bankruptcy as the company tries to cope with high debt and rising costs of labor and raw materials.

Hostess, which also makes Ho Hos, Sno Balls, and Wonder Bread, is a privately held company based in Irving, Tex. It owes millions to suppliers and labor unions. The company has reportedly found some financing to keep it running during bankruptcy proceedings.

For our Newscast desk, Larry Abramson reports:

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