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Is Michigan Rebounding? Depends Who You Ask

The unemployment in Michigan is dropping as the auto industry rebounds, and the state has a budget surplus for the first time in many years. But many local leaders say they're not seeing a comeback. They believe state leaders are helping themselves — and the business community — at the expense of the well-being of cities.

A Front-Row Seat At A Bank Run

"They say, 'Thefilos, tomorrow I'm going to need 50,000 euros, cash,' " says a Greek bank teller.

Central Bank President Warns That Euro Is Unstable

The president of the European Central Bank warned Thursday that the set-up of the European currency is unsustainable. In some of the harshest remarks by a senior European official to date, Mario Draghi criticized the vacuum resulting from the lack of action by European governments.

For Many Teens, Summer Jobs May Be Thing Of The Past

A recession and its lingering effects have made it even harder for teens to find summer employment. But the drop off in teen summer hiring predates the recession.

U.S. Economic Growth Falls Short Of Expectations

The Commerce Department reported Thursday that the economy grew 1.9 percent in the first three months of the year, down from an earlier estimate of 2.2 percent. And more Americans are jobless and seeking benefits, according to the Labor Department.
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Friday News Roundup - Domestic

The U.S. economy grew more slowly than expected in the first quarter. Mitt Romney clinched the Republican presidential nomination Tuesday with a win in the Texas primary. A jury found former Sen. John Edwards not guilty on one count against him and the judge declared a mistrial on the others. Major Garrett of National Journal, Susan Page of USA Today and Juan Williams of Fox News join Diane for analysis of the week's top national news stories.

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Lack Of Congressional Direction May Lead To Recession

The Congressional Budget Office says if lawmakers don't make some clear decisions soon, the U.S. may be headed toward another recession.


Job Growth Slow, Jobless Claims Up, GDP Revised Down

The widely watched ADP National Employment Report says just 133,000 jobs were added to payrolls in May. Meanwhile, there were 10,000 more people applying for unemployment benefits last week.