Romney Wins G.O.P. Primary in New Hampshire [NYT]
Mitt Romney swept to victory in the New Hampshire primary on Tuesday, turning back a ferocious assault from rivals who sought to disqualify him in the eyes of conservatives, in a contest that failed to anoint a strong opponent to slow his march to the Republican nomination. Mr. Romney, a former governor of Massachusetts, won by a double-digit margin, a validation of his strategy to use his neighboring state to cement his standing as the front-runner. The candidates who had hoped to use the primary to emerge as his leading rival fared poorly, leaving a fractured Republican opposition. “Tonight we celebrate. Tomorrow we go back to work,” said Mr. Romney, who strode into his victory party at Southern New Hampshire University less than 30 minutes after the final polls closed to present himself as the candidate to beat for the Republican nomination.
Hostess Brands Files for Bankruptcy Protection [AP]
Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is filing for bankruptcy protection, blaming troubles with its pension and medical benefits obligations, increased competition and tough economic conditions. The Chapter 11 filing on Wednesday comes just two years after a predecessor company emerged from bankruptcy proceedings. The privately held Irving, Texas bakery company says it will be able to maintain routine operations thanks to a $75 million financing commitment from a group of lenders.
Q: Will there be fundamental tax reform in 2012? A: Not a chance, say the experts. On this point, they were unanimous.