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The Edge

Waxman Wannabes Emerge, JCPenney’s Twitter Meltdown—THE EDGE—Brought to You by Neustar

By Jack Fitzpatrick (@jackfitzdc)

TODAY IN ONE PARAGRAPH: Iran's foreign minister says the country could reach a nuclear deal with the U.S. in as little as six months. Democratic Reps. Anna Eshoo and Frank Pallone want Henry Waxman's spot on the House Energy and Commerce Committee when he retires. Janet Yellen was sworn in as the chairwoman of the Federal Reserve. James Inhofe said President Obama lied about Benghazi in his interview with Bill O'Reilly. Chris Christie's memo about the latest Bridgegate accusations may have gone off track when it referenced a feud from his high-school years. And JCPenney's Twitter-based Super Bowl ad was a failure.


IRANIAN OFFICIAL SAYS NUCLEAR COULD HAPPEN IN SIX MONTHS: But not if Congress votes to impose new economic sanctions, said Javad Mohammad Zarif. President Obama promised to veto a bill adding new sanctions in his State of the Union address last week, which Zarif said gave him confidence that there was goodwill in the talks over a nuclear deal. (Andreas Rinke, Reuters)


TOP DEMOCRATS VIE FOR WAXMAN'S ENERGY AND COMMERCE SEAT: Reps. Anna Eshoo and Frank Pallone, of California and New Jersey respectively, are gunning for Henry Waxman's spot as ranking member of the "Committee of the Future." (Brendan Sasso, NJ)

YELLEN IS SWORN IN; BERNANKE JOINS BROOKINGS: Yellen is scheduled to report on monetary policy to the House and Senate next week. Her term lasts until February 2018. Former Federal Reserve Chairman Ben Bernanke joined the Brookings Institution as a distinguished fellow in residence. (Joshua Zumbrun, Bloomberg)

INHOFE SLAMS OBAMA'S 'OUTRAGEOUS LIE' ON BENGHAZI: The Oklahoma Republican said the president lied in an interview with Bill O'Reilly when he said the government revealed all it knew following the deadly attack in Libya. Inhofe said the controversy over the attack and the Obama administration's reaction to it would "go down in history as the greatest cover-up." (Rebecca Shabad, The Hill)

JACOB LEW CALLS ON CONGRESS TO ACT FAST ON DEBT CEILING: The temporary suspension of the debt limit expires Friday, and the Treasury will quickly run out of "extraordinary measures" to avoid default, Lew said in a statement. (Charlotte Alter, Time)

EXPERTS WARN NORTH KOREA COULD BUILD MOBILE MISSILE LAUNCHERS: Launching missiles from the road—which independent researchers say North Korea might be capable of—would make it harder for the U.S. to find and eliminate the launchers through air, drone, or missile strikes. (Rachel Oswald, NJ)

TOMORROW IN ONE PARAGRAPH: Director of National Intelligence James Clapper, CIA Director John Brennan, and others will testify at a House Intelligence Committee hearing at 10 a.m. Target Chief Financial Officer John Mulligan and others will testify on preventing data breaches at 10:15 a.m. to the Senate Judiciary Committee. Obama will speak at 11:30 a.m. about efforts to connect students to next-generation broadband and wireless technology. West Virginia state officials will testify on drinking water in the state to the Senate Environment and Public Works Committee at 10 a.m.

Join National Journal on Thursday, Feb. 6 for "Dialing In on the IP Transition" Policy Summit underwritten by Neustar. The Newseum, 3rd Floor Broadcast Studio, 8-10:30 am. RSVP @ .


CHRIS CHRISTIE'S HIGH-SCHOOL GRUDGE: The New Jersey governor shot back at Bridgegate accuser David Wildstein in a memo noting that Wildstein's high-school social studies teacher called him deceptive. (Chris Cillizza, WaPo)

CHINA'S BIGGEST TV EVENT WAS BIGGER THAN THE SUPER BOWL… AND MORE BORING: Hundreds of millions of people watch China's Spring Festival Gala, but some questioned why it included a girl spinning in circles for four hours. (Lily Kuo, Quartz)

JCPENNEY'S REAL-TIME ADVERTISING FAILURE: The company got attention on Twitter during the Super Bowl for all the wrong reasons. (Todd Wasserman, Mashable)


RICHARD BRANSON, 'MAMA H,' AND HOW 'INVEST AGAIN' FELL APART: Democratic operatives say they were fooled by talk of big money, Clinton connections and a Gulf Stream ride to Davos. (Daniel Libit, NJ)

HOFFMAN BRINGS HEROIN DEATHS OUT OF THE SHADOWS: We shouldn't have needed a great actor to die to learn that this is a bad time to be a heroin user. (Jeff Deeney, The Atlantic)

SOCHI IS A SKI JUMP TO NOWHERE: The most expensive Winter Olympics ever have been caught up in the corruption that is so familiar to Russia. (James Suroweicki, New Yorker)


LAST NIGHT'S LATE-NIGHT FUNNIES IN UNDER 2 MINUTES: The Super Bowl is over but New Jersey remains in the spotlight because Jay Leno will never run out of Bridgegate jokes. (Reena Flores, NJ)

THE PROBLEM WITH A 401(k), IN ONE GRAPH: The dwindling use of defined-contribution pensions in favor of the 401(k) puts the onus on workers rather than companies. (Tim Fernholz, Quartz)

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