Federal statistics show the U.S. gained 117,000 jobs in July, and unemployment dropped to 9.1 percent. Financial journalist Stacey Tisdale discusses what these numbers mean for the national economy's long-term health, and Rep. Chakah Fattah describes how his Pa. district compares to the rest of the U.S.
The President was recently referred to as "your boy" by MSNBC's Pat Buchanan, and his debt ceiling policy was called a "tar baby" by Rep. Doug Lamborn (R-Colo.). Also in the week's news: July gained 117,000 jobs and MTV hit 30 years on the air. Weighing in are the Barbershop guys: author Jimi Izrael, attorney Arsalan Iftikhar, Republican strategist Ron Christie, and professor Mark Lamont Hill.
Congress avoided a federal default this week by raising the debt ceiling in exchange for promised spending reductions, but it ceded the difficult details to a new 12-member "super committee."
If reaction to the bipartisan panel of Senate and House members, yet to be appointed, is any measure, its chances of agreeing on ways to reduce the nation's deficit by $1.5 trillion over the next decade are slim — no matter who gets picked to serve.
Cable and Internet provider Comcast is launching a new initiative aimed at bridging the digital divide, offering discounted web access and home computers to families that meet income requirements.
The plan, called Internet Essentials, will be available wherever Comcast offers Internet services — which it currently does in 39 states. The company has launched websites in English and Spanish to promote the program.
With one death and 77 people reported ill, the latest foodborne illness outbreak has led to one of the largest recalls in U.S. history. Food giant Cargill has been forced to pull a staggering 36 million pounds of ground turkey from the market. And the victims in this case have gotten very sick — almost one-third have ended up in the hospital.
As a Texas jury considers a possible life sentence for polygamist leader Warren Jeffs, a coalition of polygamist groups is condemning the sexual abuse that led to Jeffs' conviction.
"We are alarmed that such depravity could have been perpetrated by anyone," says a written statement from the Principle Rights Coalition, a group representing five polygamist groups in Arizona and Utah, as well as "numerous other independent Fundamentalist Mormons."
Peter Boone is a principal at Salute Capital Management and non-resident senior fellow at the Peterson Institute for International Economics (PIIE). Simon Johnson is the Ronald A. Kurtz Professor of Entrepreneurship at MIT's Sloan School of Management and Senior Fellow at PIIE.
Mark Hemingway is an editorial page writer for the Washington Examiner.
Much to the frustration of the press corps and the country at large, President Obama went nearly a year without giving a press conference at a time when the country was in a rather precarious state economically and politically. Lately, however it seems that Obama has decided that the debt ceiling debate is the time to reengage — no doubt the looming campaign has something to do with this decision.
The private sector created 154,000 jobs. There was growth in health, retail and manufacturing. But governments cut 37,000 jobs, and a lot of those were the result of the government shutdown in Minnesota. Steve Inskeep gets the latest from NPR's Tamara Keith.