American Morning

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July 30th, 2010
05:59 AM ET

LIVE Blog: Chat with us during the show

Editor's Note: Welcome to American Morning's LIVE Blog where you can discuss the "most news in the morning" with us each week day. Join the live chat during the show by adding your comments below. It's your chance to share your thoughts on the day's headlines. You have a better chance of having your comment get past our moderators if you follow our rules: 1) Keep it brief 2) No writing in ALL CAPS 3) Use your real name (first name only is fine) 4) No links 5) Watch your language (that includes $#&*).

Senator demands probe of BP tax break

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2010/images/07/30/oil.water.art.jpg]

NEW YORK (CNNMoney.com) - Two days after BP said it will write off the cost of the oil spill cleanup against its income taxes, a U.S. senator is calling for a Congressional probe into the company's tax plans.

Sen. Bill Nelson, D-Fla. sent a letter to the Senate Finance Committee Thursday, requesting a series of hearings on the matter and calling BP's plans to take a tax write-off "unacceptable."

On Tuesday, BP said it took a $32 billion charge in the second quarter for clean-up costs, resulting in tax savings of about $10 billion.

That's half the value of the $20 billion fund that BP set up to aid Gulf coast victims, Nelson pointed out.

BP announced the charge along with its second quarter earnings, saying the cleanup costs were the main reason for its $17 billion loss during the quarter.

BP spokesman Daren Beaudo, in an email to CNN, said the company is following U.S. tax code in taking the charge. Read More

Sound off: We want to hear from you this morning. Add your comments to the LIVE Blog below and we'll read some of them on the show.


Filed under: American Morning • LIVE Blog • Top Stories
July 29th, 2010
10:55 PM ET

The Teaser

"The Teaser” is a preview of the guests we have lined up for the next day – so you know when to tune in (and when to set your alarm!). Guests and times are always subject to change.

6:10AM Michael Grunwald, Senior National Correspondent, TIME Magazine, on his latest piece: "The BP Spill: Has the Damage Been Exaggerated?"

6:40AM Sergio Garcia, PGA player, and Jim Justice, Owner, Greenbrier Resort, on how a tournament at Greenbrier turned into a fundraiser for April's West Virginia mining tragedy.

7:12AM Robert Gibbs, White House Press Secretary, on the President's trip to Michigan on Friday and the challenges the administration faces.

7:40AM Amy Argetsinger, Columnist, The Washington Post's Reliable Source, on Chelsea Clinton's wedding this weekend.

8:05AM Candy Crowley, Host, State of the Union, on this week's political headlines.

8:40AM The mothers of the American hikers detained in Iran – one year later, are they any closer to getting their children released?

Got questions for any of our guests?
Tweet 'em at Twitter.com/amFIX or post them below and we'll try to use 'em!

Got an idea for a story? Have more questions about something you saw or read on our amFIX blog, Facebook or Twitter?
E-mail us your story ideas and questions at am@CNN.com.


Filed under: The Teaser
July 29th, 2010
11:00 AM ET

Feds: Military contractor scammed nearly $200M

(CNN) – A bizarre case is playing out in a New York courtroom. The feds say a former CEO scammed his company for nearly $200 million. They say he spent it on prostitutes for employees, plastic surgery for his wife, cars, trips, parties, and the list goes on. So why should you care? Alina Cho has the answer.


Filed under: Crime
July 29th, 2010
10:00 AM ET

Video: Fighting fair could strengthen marriage

(CNN) – New research finds fighting fair can actually make your relationship stronger. Scott Stanley is co-author of "Fighting for Your Marriage" and co-director of the Center for Marital and Family Studies at the University of Denver. He joined us on Thursday's American Morning to explain the findings.


Filed under: Living
July 29th, 2010
09:00 AM ET

Oscar's story: College degree, but no papers


Self-deported Oscar Vazquez waits in Mexico. (Joel De La Rosa/CNN)

(CNN) – Oscar Vazquez is a young man with a family and a bright future, caught in the middle of the immigration debate. He's a college grad who earned his engineering degree from Arizona State University. Now, he's back in Mexico by choice while his American dream remains across the border. John Zarrella has Oscar's story. Watch Video


Filed under: Immigration
July 29th, 2010
08:00 AM ET

Legal & illegal immigrants leaving Arizona out of fear

(CNN) – At the 11th hour yesterday, after all the anger and arguments, a federal judge blocked the most controversial parts of Arizona's new immigration law. The case now heads for higher courts, but still, some of the estimated 500,000 undocumented immigrants who went to Arizona are leaving the state out of fear. Our Thelma Gutierrez introduces us to some of them. Watch Video

Related: Weakened immigration law takes effect


Filed under: Immigration
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