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Growing Economic Fractures Threaten Eurozone

Europe's debt crisis seems to grow more dire every day as borrowing coasts for Spain and Italy soar. Germany's Chancellor Angela Merkel holds the purse strings, and says that although saving the single European currency will be a Herculean task, it must be done.

Romney, Obama Square Off On The Economy

Both men used speeches in Ohio this afternoon to again lay out their agendas — and to take some shots at the other guy's ideas.
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Friday News Roundup - Domestic

In dueling Ohio speeches, President Barack Obama and Republican presidential candidate Mitt Romney offered contrasting visions of how to fix the sluggish U.S. economy. JPMorgan Chase CEO Jamie Dimon testified before a Senate committee on the firm's $2 billion loss. U.S. Defense Secretary Leon Panetta warned of a "disaster" from impending, automatic budget cuts. 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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Activists Rally For D.C. Hires On City Construction Projects

D.C. jobs activists will hold a "rally for jobs and justice" outside the Wilson Building later today to protest city-funded construction projects that aren't employing enough District residents.


Jobless Claims Rose Last Week; Consumer Prices Fell In May

There were 6,000 more unemployed Americans filing for benefits last week than the week before. But inflation remained in check as gas prices plunged.
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Virginia Cuts Funding For Disabled Foster Care Kids

Virginia officials plan to cut payments to the state's disabled children in foster care on July 1.


Housing Recovery Seen; Will Credit Be The Spoiler?

The housing market is finally showing signs of a comeback, according to an annual study from Harvard. Home prices have stopped falling in many areas, and buyers are growing more confident. But, though mortgage interest rates are at record lows, banks are often cautious to lend.

Obama Team: Household Net Worth Actually Rose During His Presidency

Using additional Federal Reserve data, White House officials on the president's National Economic Council argued that while household net worth fell before President Obama took office, it has risen since then and he bears some of the credit.