WAMU 88.5 : The Diane Rehm Show

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Friday News Roundup - Domestic

President Barack Obama and GOP challenger Mitt Romney offer dueling speeches from the swing state of Ohio. They present radically different visions on how to fix the economy. Casino magnate Sheldon Adelson says he’s willing to spend $100 million to keep Obama from being reelected. JPMorgan Chase CEO Jamie Dimon tells U.S. lawmakers he doesn’t know if regulations have made the banking system safer. The Federal Reserve claims the Great Recession set back median family wealth 20 years. And the Justice Department says it will not retry John Edwards. Naftali Bendavid of The Wall Street Journal, Julie Hirshfeld Davis of Bloomberg News and Clarence Page of the Chicago Tribune join Diane for analysis of the week's top national news stories.

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The Obama administration announced Friday it will stop deporting and give work permits to some younger illegal immigrants who came to the United States as children. Diane asked the panel what the policy change means. Naftali Bendavid, national correspondent for The Wall Street Journal, said the initiative is an attempt for President Obama to solidify support among Hispanic leaders and to put Republican leaders on the spot. Julie Hirschfeld Davis, congressional correspondent for Bloomberg News, said the policy is a "big deal" and a push for Republicans to go on record about the party's immigration position.

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