American Morning
A jobs bill that will pass in Congress? Sen. Coons and Sen. Rubio on bipartisan bill to boost hiring
As Congress continues to wrangle over jobs legislation, two senators from opposite sides of the aisle are introducing a more modest, bipartisan bill they hope will gain support from their colleagues.Â
Republican Senator Marco Rubio of Florida and Democratic Senator Chris Coons of Delaware introduced the American Growth, Recovery, Empowerment and Entrepreneurship Act (AGREE) on Capitol Hill yesterday. The legislation would give tax breaks to small businesses, provide incentives to hire veterans, an implement regulation reform, among others.
Christine Romans speaks to Sen. Coons and Sen. Rubio about why the American people need a bipartisan bill – and why they think it can pass a gridlocked Congress.
Gabby Giffords's road to recovery – Sanjay Gupta looks at her progress
Gabrielle Giffords, the Arizona congresswoman who was shot in the head during a shooting rampage in January, appeared in her first television interview late Monday night. Giffords and her husband Mark Kelly talked with ABC News' Dianne Sawyer about the highs and lows of her recovery. Giffords could clearly understand the questions put to her, but was able to respond only in simple words.
Christine Romans and Carol Costello talk with CNN Chief Medical Correspondent Dr. Sanjay Gupta about Giffords' current medical state.
AM Minding Your Business for Nov. 16, 2011
Today on American Morning, Christine Romans reports on the morning business news headlines.
This morning, we're watching:
* Right now, U.S. stock futures are pointing to a lower open this morning - after what eventually turned out to be a positive day on the street yesterday.
* Farmland remains a good investment. Prices jumped 25% in the third quarter. That's the biggest one-year jump in more than three decades.
* We could be talking about another bailout, only this one's not for Wall Street. An independent audit shows the Federal Housing Administration could run out of money in the coming year because its cash reserves have fallen so low.
* The U.S. Postal Service is reporting an annual loss of $5.1 billion. It may be no surprise in today's digital age - declining mail volume is one reason for the losses.
* Chase is scrapping three bank fees it had been testing in various parts of the country. Among the charges being pulled: A $10 and $15 monthly checking account fee.
* Shares in the professional social networking company LinkedIn are about to flood the market. Bain Capital, one of the company's early backers, is selling its entire $3.7 million share stake in the company.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
Second Mile rep raised concerns about Penn State coach in 2008
Former Penn State assistant football coach Jerry Sandusky is speaking out for the first time. Sandusky told NBC's Bob Costas that he is innocent" of the sexual abuse charges. However, he admits to showing with young boys, hugging them, and touching their legs, but says their was no sexual intent.
But in a new report with the Harrisburg Patriot-News, one rep with the charity Second Mile had raised concerns in 2008 about Jerry Sandusky and his interaction with some of the boys in the group.
Carol Costello speaks with "Patriot News" reporter Sara Ganim on the new report and to get her thoughts on why Sandusky talking to the press now and how much deeper.
Bissinger: Big-time college sports programs 'protect their own at all costs'
Former Penn State assistant football coach Jerry Sandusky insisted in an interview Monday night he is "innocent" of charges that he sexually abused young boys, denying to NBC's Bob Costas that he's a pedophile.
In a telephone interview for NBC's "Rock Center With Brian Williams," Sandusky admitted that some details in the graphic 23-page grand jury report released earlier this month are correct, including that he showered with young boys.
Some critics have blamed this scandal on the culture that surrounds big-time college sports programs like Penn State.Â
Daily Beast sports columnist and author of "Friday Night Lights" Buzz Bissinger compares these institutions to the mafia. As he tells Christine Romans today on American Morning, these programs "protect their own at all costs."
Milwaukee Journal Sentinel editor describes Cain's Libya gaffe
It's the moment of silence everybody is talking about.Â
2012 GOP Presidential hopeful Herman Cain stumbled when asked by a panel of newspaper reporters to clarify his position on Libya. After pausing for an uncomfortably long 8 seconds, the Georgia businessman failed to deliver a coherent answer to the question.
Today on American Morning, Milwaukee Journal Sentinel editor Marty Kaiser, who was present during the interview, explains to Christine Romans why he was "truly stunned" by Cain's response.
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