Friday News Roundup - Domestic

Friday News Roundup - Domestic

In dueling Ohio speeches, President Barack Obama and Republican presidential candidate Mitt Romney offered contrasting visions of how to fix the sluggish U.S. economy. JPMorgan Chase CEO Jamie Dimon testified before a Senate committee on the firm's $2 billion loss. U.S. Defense Secretary Leon Panetta warned of a "disaster" from impending, automatic budget cuts. Naftali Bendavid of The Wall Street Journal, Julie Hirshfeld Davis of Bloomberg News and Clarence Page of the Chicago Tribune join Diane for analysis of the week's top national news stories.

President Barack Obama and GOP challenger Mitt Romney offer dueling speeches from the swing state of Ohio. They present radically different visions on how to fix the economy. Casino magnate Sheldon Adelson says he’s willing to spend $100 million to keep Obama from being reelected. JPMorgan Chase CEO Jamie Dimon tells U.S. lawmakers he doesn’t know if regulations have made the banking system safer. The Federal Reserve claims the Great Recession set back median family wealth 20 years. And the Justice Department says it will not retry John Edwards. Naftali Bendavid of The Wall Street Journal, Julie Hirshfeld Davis of Bloomberg News and Clarence Page of the Chicago Tribune join Diane for analysis of the week's top national news stories.

Guests

Naftali Bendavid

national correspondent, The Wall Street Journal.

Julie Hirschfeld Davis

congressional correspondent, Bloomberg News.

Clarence Page

syndicated columnist for the Chicago Tribune.

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The Obama administration announced Friday it will stop deporting and give work permits to some younger illegal immigrants who came to the United States as children. Diane asked the panel what the policy change means. Naftali Bendavid, national correspondent for The Wall Street Journal, said the initiative is an attempt for President Obama to solidify support among Hispanic leaders and to put Republican leaders on the spot. Julie Hirschfeld Davis, congressional correspondent for Bloomberg News, said the policy is a "big deal" and a push for Republicans to go on record about the party's immigration position.

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