For the third year in a row groundhog Punxsutawney Phil saw his shadow and headed back to his hole for six more weeks of winter. Does the famous rodent meteorologist tell us anything about the economy ...

Following is a transcript of the video. Groundhog Day Announcer: Our buddy, Punxsutawney Phil! As the tradition goes, every year on February 2, Phil the groundhog comes out of his hole in ...

Update at 7:24 a.m. ET: "Punxsutawney Phil" -- the groundhog who supposedly knows something about the weather -- just "saw" his shadow and declared there will be six more weeks of winter.

Phil is the central figure in Punxsutawney's annual Groundhog Day celebration. The furry forecaster is said to come out of his hole after a long winter's nap — oops, almost shifted into a ...