Given the nonstop, stereo-rock news cycle, the warp speed tempo of geopolitics and the constant to-and-fro between the media and the president, has the State of the Union address become obsolete?

Traditionally, the speech — an annual where-we-stand lecture delivered by the president to a joint session of Congress — has for decades been an opportunity for the professor in chief to issue a national report card and put current events in calm, codifiable context.

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:

All right, so Romney has gone on the attack in Florida, and he'll also be answering a lot of questions today about those taxes that he is releasing. As we heard from Mara, it turns out over the last few years, the effective tax rate Romney has paid is just under 15 percent.

Now, Newt Gingrich has been pressing Romney to publicly disclose the documents. And the former House speaker released his own tax returns, to dramatic effect, during a debate last Thursday.

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:

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.

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.

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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.

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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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And our last word in business today is a pat-down throwdown. The Transportation Safety Administration says it did not detain Kentucky Senator Rand Paul. But officials at the agency did stop one of their most outspoken critics while he was going through the airport security line in Nashville yesterday.

RENEE MONTAGNE, HOST:

The Republican senator was going through a body scanner when the alarm went off. Apparently, it was an anomaly. Then, he refused to submit to a pat-down, so he was escorted out of the screening area.