I can see how that would be missed by someone doing routine track inspections. Doing the same thing over and over, day after day, they are probably either walking or driving by looking at the track. It's not hard to fall into a routine and not even notice something on a support. Especially in an area they should never see a problem. That being said, I guarantee whoever has been doing the inspections has been either been fired, reassigned, or have been screamed at enough to never make that mistake again.
As for the actual failure, if it got caught at crack stage, they probably reweld and go on like normal. Didn't we hear about Hulk and DD getting routine crack welding over the years? But now that it broke the support and is national news, they have to go through the whole ride from design to maintenance to determine what happened and make sure it doesn't happen again.