American Morning

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March 19th, 2009
07:00 AM ET

Fast Forward

The stories that will be making news later today:

This morning, some people are saying he should either resign or be fired, but Treasury Secretary Timothy Geithner still has the full support of President Obama. At 12:30pm Eastern, CNN's Ali Velshi will sit down for an exclusive one-on-one interview with the Treasury Secretary.

At 12:30 Eastern Vice-President Joe Biden attends a town hall meeting at a bus company plant in Saint Cloud, Minnesota. He'll talk about the administration's effort to strengthen the middle class. Biden will be joined by Education Secretary Arne Duncan and other Cabinet members.

President Obama, will push his economic plan again today in California. At 4:30 pm Eastern President Obama will hold a town-hall meeting in Los Angeles with the mayor. California Governor Arnold Schwarzenegger will also be there. Then he'll appear on "The Tonight Show with Jay Leno". The President will be sharing the stage with country music legend, Garth Brooks.

A federal appeals court will hear arguments later today to decide whether Bernard Madoff will see a lot more daylight between now and his sentencing on June 16th. He's supposed to remain in a Manhattan jail until then, when he faces up to 150 years behind bars. Madoff was the sole person charged in what is the largest investment scheme in U.S. History.

Filed under: Fast Forward
March 19th, 2009
06:00 AM ET

What's on Tap – Thursday March 19, 2009

Marching along the Road to Rescue… It’s day four of CNN’s special coverage.
The responses have been great and overwhelming.  You’re helping us help you.  And the verdict is in: You don’t like AIG!

Here’s the lineup of guests helping us make sense of the meltdown today:

  • Bill Adair, Founder of Some AIG fact or fiction today. Does Congress keep bailing out AIG because it’s insured by AIG??  We find out if there's any truth to that internet rumor.
  • Former Federal Prosecutor Paul Callan on the latest face of greed and corruption – Bernie Madoff’s alleged “rubber stamp boy.”
  • Our own Candy Crowley is dropping by.  No one knows the beltway better.  With some of the AIG outrage being redirected at Congress and the White House, does the president have the political capital to pass a three-trillion dollar budget and even MORE bank bailouts?
  • Plus – the “Fed” is doing something major. It’s throwing another $1,000,000,000,000 right at the heart of the problem. It could make your home payments more sustainable, even more affordable, but are we mortgaging the future for that?

Filed under: What's On Tap
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