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Friday News Roundup - Domestic

The Federal Reserve said Wednesday that the economy was weaker but took no new steps to help. The House and Senate remained at loggerheads over whether to extend the Bush-era tax cuts. Presumptive Republican presidential candidate Mitt Romney returned from a week-long overseas trip. And Chick-fil-A fans and critics took to the streets following anti-gay marriage comments by the company's president. Greg Ip of The Economist, Julie Hirshfeld Davis of Bloomberg News and Chris Cillizza of The Washington Post join Diane for analysis of the week's top national news stories.


Jobless Claims Rose By 8,000 Last Week

Gauging just what's going on with claims is proving difficult, however, because of some positive news: automakers have been skipping their standard summer shutdowns. So layoffs have likely been lower than normal.

The Swing Back After Stock Market Glitch

Federal regulators are trying to piece together what happened in the stock market Wednesday morning. Just after the opening bell, the prices of dozens of stocks began to gyrate up and down. The swings were soon traced to a software glitch at a New Jersey brokerage firm called Knight Capital. NPR's Jim Zarroli joins Steve Inskeep with more.

Families Make Big Changes To Pay For College

More students are reconsidering their decisions to attend costly out-of-state schools or choosing to enroll in more affordable community colleges, a new study shows. Even as they foot most of the bill and are co-signing loans, some parents are still paying off their own student loans.

Fed Holds Off On New Action To Spur Growth

The Federal Reserve took no new action to stimulate the economy on Wednesday but signaled it stands ready to act if hiring and the overall economic outlook does not improve. Since the Fed did not move, many analysts expect it will announce a new round of so-called quantitative easing at its next meeting in September.

Federal Reserve Says Economy Has Slowed, But Leaves Policy As Is

While acknowledging that the economy has slowed further, the central bank still expects growth to continue.

One Job Seeker's Ruse To Check Out His Competition

Eric Auld wants a full-time job. He barely earns enough, part-time, to cover the bills. After a fruitless job search, he grew more curious about his competitors. So he created a fake Craigslist ad and, in one day, received 653 responses from applicants with a wide range of education and experience.