The daily paper: it used to be an American institution. But over the past few years, more and more towns and cities have been reducing their circulation. And beginning this fall, the largest city yet will no longer have their major daily. Yesterday, over 200 staff members there received their pink slips from New Orleans paper the Times-Picayune.

President Obama visited New Orleans yesterday for the first time since he was elected, fulfilling a campaign promise he'd made as a candidate to see the city's recovery firsthand. Some locals were frustrated, however, that the president stayed for only four hours. We spoke yesterday with Bill Barrow, staff reporter for the Times Picayune, and invited him back this morning to discuss what the president managed to do in those four hours. We also speak with with Anne Milling, founder of Women of the Storm, a nonpartisan advocacy group focused on Katrina recovery, and Nolan Rollins, president & CEO of the Urban League of Greater New Orleans.