Extraordinary Rebound from a Meltdown

Goldman, rescued last year by $10 billion taxpayer bailout, is back in the black. It reported a second-quarter profit today of more than $3 dollars - and, it's paid back the loan.

Still waiting for a rebound is the job market. The president said Tuesday we'll have to wait a while longer.

"We will probably continue to see unemployment tick up for several months," Mr. Obama said.

The resident once predicted it would top out at 8 percent. It's now 9.5 percent.

And what looks like a glimmer of hope for the economy may be a mirage. Retail sales rose in June, but it wasn't so much that we were buying more, we were paying more as gas prices spiked.

Watch Katie Couric's report below:

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