American Morning
Madoff To Plead Guilty
CNN's Allan Chernoff reports
Bernard Madoff intends to plead guilty at a hearing tomorrow. But, he's not cutting a deal with prosecutors and not agreeing to cooperate with government investigators. The government is investigating to determine who else may face charges.
Madoff won't be sentenced right away. Judge Denny Chin says it could be several months before a sentencing hearing is held that will likely sent Madoff to prison for the rest of his life. Until then, he remains under house-arrest in his luxurious New York apartment.
Fast Forward
The stories that will be making news later today:
The shooting rampage in southern Alabama. We're expecting more news conferences throughout the day. Here's what we've learned this morning. Police say the killer, Michael McLendon, took his own life after killing 10 people. Among the fatalities, his mother, his grandparents, and the wife and child of a sheriff's deputy.
It's all systems go for tonight's planned launch of the space shuttle "Discovery." It's set to lift-off at 9:20 eastern from the Kennedy Space Center. The "Discovery" astronauts will deliver a final set of solar arrays to the International Space Station.
At 4 p-m eastern First Lady Michelle Obama joins Secretary of State Hillary Clinton at the State Department to celebrate International Women's Day. They'll present the third annual award for International Women of Courage to eight women from around the world.
Asian markets surged overnight. Japan's Nikkei index was up nearly five percent. There's hope for a two-day winning streak on the Dow after a 380-point jump monday.
What's On Tap – Wednesday March 11, 2009
Today on American Morning:
- Bernard Madoff will plead guilty later this week to 11 counts including money laundering, perjury and securities, mail and wire fraud.
- The stock market yo-yo, a mammoth budget, a bold agenda all have some Democrats worried about whether President Obama is taking on too much too soon. Jim Acosta reports on how some nervous Democrats may not be backing all their commander-in-chief’s policies.
- Ed Lavandera looks at a new breed of would-be refugees - business owners, law enforcement officers, journalists and other professionals - on the run from Mexico's vicious drug wars. Increasingly, they are seeking safe haven in the U.S. by filing for asylum.
- Another wrinkle in the Chris Brown story – he is up for two kids’ choice awards – would Nickleodeon pull him out of the running?
- Mexico, murders, weapons, drugs. What's the U.S. government doing to work with Mexican authorities so a solution is found? The violence is spreading out of Mexico to the U.S.
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