Morning Edition

It was year ago Wednesday that Egyptians first rose against then President Hosni Mubarak in a tour de force that drove him from power. A lot has changed for Egyptians this past year. They elected their first free parliament in six decades. And Islamists, long banned by Mubarak, are now the country's main political force.

President Obama gave, what his opponents hope, will be his last State of the Union address Tuesday night. To check the facts in the president's speech, Steve Inskeep talks to NPR reporters Tom Gjelten, John Ydstie, David Welna, Elizabeth Shogren and Claudio Sanchez. Steve also talks to David Wessel of "The Wall Street Journal."

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.

The Federal Reserve will announce on Wednesday what officials expect to do with the rates it controls for next couple of years. The Fed will join central banks in Sweden, Norway and New Zealand in relaying information about expectations for short-term interest rates. Renee Montagne talks to David Wessel of The Wall Street Journal about why the Fed is doing this, and the impact it will have.

President Obama gave his State of the Union address Tuesday night. The speech was one part blueprint for economic cooperation, and one part political warning shot — as Obama prepares for a tough re-election campaign.

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.

The company earned $13.1 billion in the quarter ended Dec. 31, a record. Sales of iPads were also up — soaring 111 percent from the same quarter a year earlier.

The Japanese government has announced that the country's trade balance has gone negative. It's the first time since 1980 that Japan's export-based economy has recorded a trade deficit. Economists say the strength of the yen and weak global demand have hit Japanese exports hard.

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.

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.

At Disneyland and Disney World, everyone working there has a clean-cut image. It goes back to the 1950's when Disneyland first opened, and facial hair was banned. Starting next month, employees will finally be allowed to have beards — as long as they're kept short and trim.

Competitive eater Takeru Kobayashi is best known for eating hot dogs. He once ate 69 in 10 minutes. Now he's on to a different food. TV host Wendy Williams invited Kobayashi on her show to set the Guiness record for most Twinkies consumed in a minute. There was no previous record for Twinkie eating.

One of the biggest issues in the Florida GOP primary race is housing. Mitt Romney is attacking Newt Gingrich's work for the housing giant Freddie Mac. This issue is not just a political talking point though. Three years after the economic collapse, foreclosures continue to affect real people every day in an extremely personal way.

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DAVID GREENE, HOST:

As we've been reporting on the program this morning, Mitt Romney went on the attack at the GOP presidential debate in Florida last night. His target was rival Newt Gingrich, who was forced to defend his record as House speaker and later as a consultant to mortgage giant Freddie Mac. Gingrich denied charges of influence peddling that were leveled by Romney. And Gingrich said he was the type of bold, tough leader Washington needs.

Renee Montagne talks with reporter Kim Masters about some of the likely nominees when the Oscar nominations are announced later in Beverly Hills. Masters is editor-at-large for The Hollywood Reporter, and host of The Business on member station KCRW.

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DAVID GREENE, HOST:

This is MORNING EDITION, from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

A string of debates and primaries has kept the Republican presidential candidates in the spotlight this election season. Tonight, it's the president's turn to take center stage. President Obama will deliver the annual State of the Union Address, and in many ways kick off his own campaign for re-election. It's a reminder that Mr. Obama is running for president.

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DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

GREENE: The latest Republican debate - last night in Florida - was more subdued than when the candidates last took the stage, in South Carolina. But still, it contained plenty of sharp jabs. After it was over, another dramatic turn in the race, with new revelations about Mitt Romney's taxes. We'll explore those numbers in depth, in a few minutes.

The two dominant candidates for U.S. Senate from Massachusetts say they want to keep superPAC ads out of the state. Sen. Scott Brown and his Democratic challenger Elizabeth Warren have signed a pledge requiring that each candidate donate half the cost of any outside ad to charity, if that ad either supports their candidacy or attacks their opponent.

The hotly-contested Republican primary has gotten a lot of attention lately. Tuesday night, President Obama has a chance to reclaim the spotlight. He's delivering his annual State of the Union address. It's a high-profile platform for the president as he tries to frame the choice facing voters in November.

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DAVID GREENE, HOST:

You might remember, last summer, the U.S. women's soccer team caught the attention of the nation with its dramatic run to the final of the women's world cup in Germany. Well, this week, the team is playing in an all-important, Olympic-qualifying tournament in Vancouver. And Christine Brennan is there covering the event for USA Today.

Christine, good morning.

CHRISTINE BRENNAN: Good morning, David.