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Minnesota's Minimum-Wage Workers Get 75-Cent Increase

Workers and advocacy groups praise the hard-fought change, from $7.25 to $8, but opponents warn it will wreak havoc on business balance sheets.

July Jobs Report Less Stellar Than June's, But Still Strong

The government's July unemployment report, released Friday, showed the economy added 209,000 jobs. The unemployment rate rose .1 percent — but analysts say there was a good reason for the increase.

Tensions Stir At EPA Hearings On New Emission Rules

As the EPA develops new carbon emission rules for existing power plants, the agency is holding a series of public hearings around the country where coal industry advocates made their concerns known.

For One Recent College Grad In D.C., Job Interviews Are Dead Ends

All summer we're focusing on out-of-work youth and how they're getting by. 21-year-old Sarai Johnson graduated from Howard University in May. She says she's learned to swallow her pride when it comes to doing certain jobs.

In Debt Duel, It Was Argentina V. Paul Singer

Argentina has defaulted on billions of dollars of government debt, and it's partly due to a bunch of New Yorkers. Forbes writer Agustino Fontevecchia explains the confrontation between Argentina and a New York-based hedge fund manager named Paul Singer.

Dow Dives 317 Points, Erasing A Month Of Gains

The Dow Jones industrial average closed at 16,563. It was the worst daily decline since April.

Argentina Is In Default. What Does That Actually Mean?

Talks between Argentina and holdout bondholders collapsed Wednesday. With no additional talks scheduled, it appears Argentina has defaulted for the second time in about 12 years.

Job Worries Linger, But The Economy Is Looking Good

Both the Commerce Department and the Federal Reserve gave the economy good marks after years of slack performance. The Fed still frets about jobs but generally is upbeat, predicting "moderate" growth.

Judge Orders Bank Of America To Pay $1.3 Billion Fine

A jury had found the bank liable for fraud related to mortgages sold by its Countrywide Financial unit last October. Bank of America may appeal.

Late Rally From Argentina Fails To Delay Default

Earlier in the day it looked like a resolution was possible, but ultimately talks between the country and a group of creditors broke down in New York. The first time the country defaulted was in 2002.