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8:11am

Thu November 10, 2011
The Two-Way

Alabama County Bankruptcy Filing Is Biggest In U.S. History

Alabama's Jefferson County has filed for what is the biggest municipal bankruptcy in U.S. history. The county commission voted 4-1 in favor of seeking bankruptcy protection on Wednesday after a debt-restructuring deal fell apart.

As The Birmingham News reports the history of the more than $4 billion in debt spans a decade and mostly involves a failed sewer construction deal fraught with corruption. Jefferson County is home to Birmingham, Alabama's largest city.

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7:56am

Thu November 10, 2011
It's All Politics

Perry Says He 'Stepped In It' At Debate, And Many Agree

Originally published on Thu November 10, 2011 2:27 pm

Texas Gov. Rick Perry stumbled during Wednesday night's Republican presidential candidate in Auburn Hills, Mich., at one point seeking help from Rep. Ron Paul, (R-TX).
Paul Sancya AP

Texas Gov. Rick Perry was doing his best Thursday to limit the damage after he drew a blank at Wednesday's GOP candidate debate on his own plan to reduce the size of government.

Discussing the proposal, Perry said he would eliminate three federal agencies, but then could not name them all, despite being pressed by the moderator.

"Commerce, Education and the — what's the third one there? Let's see," the Texas governor said. Rival candidate Ron Paul suggested it might be the Environmental Protection Agency. "EPA, there you go," Perry responded — incorrectly.

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7:36am

Thu November 10, 2011
The Two-Way

Documents Reveal More Potential Evidence-Sharing Failures By Justice Dept.

Justice Department lawyers prosecuting a former CIA agent for leaking classified information allegedly lagged in turning over evidence that would help the intelligence operative with his defense, causing the judge to bar a pair of government witnesses from testifying.

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7:12am

Thu November 10, 2011
The Two-Way

Unemployment Claims Drop; Trade Deficit Narrows

We have two pieces of good news on the economic front:

-- Bloomberg reports: "The U.S. trade deficit unexpectedly narrowed in September to the lowest level this year as exports surged to a record high."

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6:51am

Thu November 10, 2011
Europe

Greece's New Interim Prime Minister Faces Huge Task

Lucas Papademos was named prime minister of the new Greek interim government Thursday. His main task will be to implement the multibillion-dollar bailout that Eurozone leaders agreed to last month. But can he convince Greeks to swallow the austerity measures they hate? Steve Inskeep talks to reporter Joanna Kakissis, who is in Athens.

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