Here are the big stories and guests lined up for you today:
- Breaking now: President Obama promising a "stern, united response" to a possible North Korea missile launch. The President also saying that South Korea agrees. those comments came overnight at the G-20 meeting as we received word that the North Korean rocket could be fueled up and ready to go in a matter of hours.
- Senator John McCain Live – The president asked if Republicans had any better ideas. His former opponent has stepped up with a budget alternative that he claims will reduce the deficit while keeping the Bush tax cuts in place. Senator McCain will be here live with the details.
- Building London Bridges: High stakes economic talks are going on right now in London at the G-20. President Obama will meet with Saudi leaders later this morning. How will his promise to make us more energy dependent go over?
- We also have behind the scenes details from Buckingham palace. Now the Queen has two iPods (we all have a knock-around one by now anyway…). Our Suzanne Malveaux is taking a look at Mrs. Obama’s reception in London… the fashion and the pat-on-the-back, seen around-the-world.
- Plus – the top three items you should be paying attention to at the G-20. Why you should care. We’re cutting through all the ceremonial stuff for the issues that matter to you and your money. Leaders of the entire industrialized world are trying to save the world economy from collapsing. What if they all leave with nothing but souvenirs?
- The Bailout Cop – He’s in charge of tracking your tax dollars. Just as anti-bank rage is flaring at the G-20 summit, we sit down with Neil Barofsky. He’s the special inspector general investigating the bailout program. He’s already launched a dozen ongoing fraud investigations into the bailout – to make sure banks are using your money to fix our problems.
- Congressman Barney Frank is here as the house gets ready to vote on the Pay Performance Act of 2009. It’s a reaction to the AIG outrage. It’s aimed at curbing pay at firms that take bailout money, but does it attack the real problems?
- Working less for the good of the economy? While many European companies have long turned to shorter workweeks and mandatory time off in economic downturns, the idea has never really caught on in the United States. Is this the answer to our recession?