Friday News Roundup - Hour 1

Friday News Roundup - Hour 1

The U.S. economy grew 2.5 percent in the third quarter, the largest jump in a year; Republicans on the deficit supercommittee rejected a Democratic plan to cut the deficit by $3 trillion over 10 years; and President Obama unveiled a new student loan relief plan. David Corn (Mother Jones), Jeanne Cummings (Bloomberg News) and Byron York (Washington Examiner) join Diane for analysis of the week's top national news stories.

The U.s economy grew by 2.5 percent in the third quarter, the fastest pace in a year. The congressional debt reduction supercommittee met in public Wednesday. But the real action continued behind closed doors. A Democratic proposal was leaked, and countered by a Republican offer, but taxes remain the stumbling block. President Obama announced economic measures that don’t require congressional approval, including one to ease student loan debt. And GOP presidential hopeful Rick Perry unveiled his flat-tax plan. The domestic hour of our Friday News Roundup David Corn of Mother Jones, Jeanne Cummings of Bloomberg News and Byron York of the Washington Examiner.

Guests

David Corn

Washington bureau chief, "Mother Jones" magazine; author of several books, most recently, "Hubris: The Inside Story of Spin, Scandal, and the Selling of the Iraq War."

Jeanne Cummings

deputy government editor, Bloomberg News.

Byron York

chief political correspondent, Washington Examiner.

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