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Iran's Largest Banks Swindled Out Of $2.6 Billion

Several of Iran's largest banks have been swindled out of an estimated $2.6 billion. The scandal has sparked a widening investigation with more than 30 arrests so far. Some question if advisers close to President Mahmoud Ahmadinejad are involved.

Back From China: Furniture Maker Returns To N.C.

At High Point, N.C.'s biannual furniture market, manufacturers hawk their products to retailers. And this week, a large pavilion is dedicated to American-made furniture. There are signs that shifts in China could spur a comeback for furniture makers in the United States.

EU Reaches Debt Deal, But Challenges Lie Ahead

European leaders met through the night in Brussels and finally emerged with a debt deal they say is wide-ranging. They're hopeful it will guide the continent out of the widening debt crisis that started with Greece. But it's unclear whether they have the political will and economic flexibility to implement it.

Deficit-Cutting Supercommittee: 'We're Not There Yet'

The 12-member supercommittee charged with finding at least $1.2 trillion in budget cuts next month met publicly for the first time in six weeks Wednesday — and agreed on little more than the fact that time is indeed growing short for them to approve a deal. Co-chairman Patty Murray, D-Wash., said a lot of hard work has been done to find common ground and agree on a balanced, bipartisan plan for deficit reduction. But, she added, "We're not there yet."

Trucking Gives Reason For Economic Optimism

One little-noticed measure of economic growth is the Truck Tonnage Index. The latest reading shows that trucks are carrying more goods, and that suggests the economy is doing well enough to avoid a recession.