A stunning move by the defense in the Penn State sex abuse scandal. Former football coach Jerry Sandusky waived his right to a preliminary hearing yesterday, avoiding a dramatic confrontation with his accusers.
This morning on American Morning, Sandusky's attorney Joe Amendola talks with Carol Costello who explains why the decision was made and why it was a surprise.
"We got a major concession on Monday night that which we didn't have prior to Monday night from the Commonwealth not to seek a bail increase pending trial. That was a major concession for us, to keep Jerry Sandusky out on bail so that he can work with his defense team in preparing his defense," Amendola says. "We did not have that until about 9:30 or 10:00 on Monday night. That's the reason we waited until the last minute to waive the hearing. We did not have that concession prior to late monday evening."
Christine O'Donnell, the former Republican Senate candidate and a Tea Party favorite during the 2010 election, announced her endorsement of Mitt Romney for the 2012 GOP presidential candidacy last evening.
Following her announcement, O'Donnell issued a statement that said, "For me, this endorsement comes down to trust. I am endorsing Governor Romney because I trust him to do the right thing. He has the strength of conviction to do the right thing regardless of opposition. America needs a president who is not a Washington Insider."
On American Morning today, O'Donnell sits down with Carol Costello to explain why she supports Romney and to weigh in on whether or not her endorsement will influence the candidate's support among the Tea Party.
Today on American Morning, Christine Romans reports on the morning business news headlines.
This morning, we're watching:
* The Federal Reserve is holding off on any new steps to boost the economy. That announcement yesterday is pushing stocks lower and stock futures are trading pretty flat so far this morning.
* Turns out the housing bust was even worse than we originally thought. The National Association of Realtors reports the number of existing homes sold over the past five years is less than previously estimated. That's because some properties were listed more than once and in some cases new home sales were also counted.
* It's two words we all like to hear. And according to a new report from the National Federation of Independent Businesses – the number of small companies planning to hire new workers is at its highest level in 38 months. Though we should mention that number is still well below pre-recession levels.
* Chrysler, the once troubled carmaker is turning things around. The company's CEO tells the Wall Street Journal they're right now on track to make $3 billion in profit next year. It's all because of rising auto sales in the U.S.
* Southwest airlines inks a record $19 billion deal to buy 208 Boeing 737 jets. That is the largest aircraft order ever placed.
Tune in to American Morning at 6am Eastern every day for the latest in business news.