Too much listening

Domestic eavesdropping program at NSA exceeded limits set by Congress. (NYT)

Law firm to rake in record $55 million quarterly fee for Lehman bankruptcy. (WSJ)

JPMorgan becomes latest bank to beat expectations, announcing $2.1 billion in first quarter profits. (FT)

Foreclosures up 24% in first quarter; Donovan sees increasing foreclosures in coming months. (AP)

Texas governor says his state could secede. (HuffPost)

Ackman losing big, biding time on activist investments in Target. (Bloomberg)