Friday News Roundup - Domestic

Friday News Roundup - Domestic

U.S. job growth slowed again in April but the unemployment rate dropped to 8.1 percent; the Department of Justice charged more than 100 individuals with $450 million in Medicare fraud; Republican presidential candidate Newt Gingrich suspended his campaign; and 13 people were charged Wednesday in one of the biggest college hazing cases ever prosecuted in the U.S. Greg Ip of The Economist, Susan Page of USA Today and Reid Wilson of National Journal join Diane for analysis of the week's top national news stories.

This week’s economic figures suggested the U.S. recovery may have lost some steam. The Labor Department reported hiring in April slacked off for the second straight month. The unemployment rate dipped to 8.1 percent from 8.2 last month as more people dropped out of the labor market. Michele Bachmann formally endorsed her one-time rival Mitt Romney. The department of Justice charged more than 100 individuals with $460 million in Medicare fraud. And the DEA is under fire for its treatment of a detained college student. Greg Ip of The Economist, Susan Page of USA Today and Reid Wilson of National Journal join Diane for the domestic hour of the Friday News Roundup.

Guests

Greg Ip

U.S. economics editor, The Economist, and author of "The Little Book of Economics: How the Economy Works in the Real World."

Susan Page

Washington bureau chief for USA Today.

Reid Wilson

editor-in-chief of National Journal Hotline.

Friday News Roundup Video

The panelists answer a caller's question about how the unemployment rate is measured:

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