Friending Washington: Facebook is looking to bolster its lobbying efforts in Washington, complete with hip new DC office space "designed to look like a hacker's lair," The Wall Street Journal reports.
Mortgage Mastermind: Lee Bentley Farkas, the owner of what used to be one of the country's biggest privately held mortgage companies, was convicted Tuesday of devising a nearly $3 billion fraud scheme. Farkas was found guilty in a federal district court in Alexandria, Va. of 14 counts of defraudung investors and banks, The Washington Post reports.
A Jersey Education: The New Jersey Supreme Court is being asked to mandate that financial assistance for the state's poorest school districts be restored, Bloomberg reports. The court is slated to hear arguments today about whether GOP Gov. Chris Cristie and the Democratic-led legislature illegally cut spending for schools by more than $1.5 billion.
Presidential Taxes: The household income of Barack and Michelle Obama dropped in 2010, according to The New York Times, as the president's book sales slowed. The couple reported an adjusted gross income of just over $1.7 million for 2010, down from $5.5 million the year before.
A Joint Ruling: The Massachusetts Supreme Judicial Court, the highest court in the state, on Tuesday found that the odor of marijuana smoke isn't enough for police officers to demand a person leave a parked car. The decision, which overturned precedent, stems from the new law that possession of less than an ounce of pot is no longer a crime in the state, The Boston Globe reports.