Page 38 - State Spending News Today : Breaking News, Live Updates & Top Stories | Vimarsana

jury's hand. what they tell us about the deliberations. we begin this evening with what you might call the facebook hangover. after the hype and buildup after the initial offering of stock, trading started late, price didn't sky rock and facebook closed essentially flat, just $0.23 higher than the opening. at least facebook was up. dow industrials, nasdaq, s&p 500 closed out their worst week of the year. discuss with business correspondent ali velshi. let's start with facebook. what happened? >> generally you set a price for a stock, $38 in this case that is posed to create enough ...

>> david: which raise taxes, yes. >> that's right and the bond market is really slamming illinois's bonds and moody's for example, also is threatening to downgrade a number of states if they don't get their fiscal act together. >> david: no matter what happens, in wisconsin, aren't these states individually trying to take care of things, maybe with exceptions like illinois and california? >> yes. and let's hope they are. you can't draw the correlation between state spending and job creation, of course states can create jobs but at the expense of what, states know how to spend money and waste o...

and newt gingrich conceded the state spending practically no time or money there. all four gop candidates will slug it out tuesday in the alabama and mississippi primaries. i want to start with shannon travis. he is live in kansas right now. it looks like santorum's conservative credentials won the day for him. >> reporter: won the day yet again. you know, him touting his conservative credentials helped in oklahoma and tennessee and now in kentucky. yet again i was at a caucus site and that was the topic on a lot of people's minds. social issues. they talked little about the economy ...

if that sounds familiar, it's because many call it the model for obama care. although romney himself said he would repeal that law and let each state find its solution. the supreme court is going to hear a case this month on whether the federal law is, in fact, constitutional. if it takes full effect as scheduled in 2014, it might get a sense of how the law might change things if you look at massachusetts. you could do a lot worse if you look at how things have gone there. in her mid 20s jacquelin was working in her parents' restaurants, and like a lot of people her age, she really d...

scheduled in 2014, you might get a sense of how the law might change things if you look at massachusetts. you could do worse. see how things have gone there. take a look. in her mid-20s, jacqueline was working in her parents restaurant. like a lot of people her age, she didn't think she needed health insurance. it was too expensive anyway. >> it was almost $700 a month. i said i'm going to have to go without it. >> in 2006, governor mitt romney put his name on a health care law. faced with a state requirement to have insurance or face a fine, she signed up. >> how much did it cost yo...