American Morning
Balancing the budget: Gov. Rick Scott wants to slash $5 billion in spending
In an effort to eliminate deficits, governors across the country are proposing state budgets with spending cuts and almost no new taxes.
Florida Governor Rick Scott, a newly elected Republican, is following suit. Gov. Scott has issued a state budget that cuts $5 billion in spending and overhauls public employee pensions. Gov. Scott calls his plan the "7-7-7 plan"– 7 steps to get 700,000 jobs back in Florida in 7 years– and explains it to T.J. Holmes on American Morning.
Lewis: Structure of financial system has 'gotten worse'
The number one bestselling book “The Big Short: Inside the Doomsday Machine” that details the 2008 financial crisis is now out on paperback with a new afterword. Today on American Morning, "Big Short" author Michael Lewis is with AM’s Kiran Chetry to talk about the roller-coaster ride of the economy last year, and the reactions to the book by some of its subjects, including members of Congress.
Lewis also gives his insight on the protests in Egypt and the economic toll they may have on the financial markets in the United States. Watch to see why he says Wall Street is always looking for something to blame.
Sen. Rand Paul: U.S. tax burden means 'our companies can't compete'
Senator Rand Paul, R, Kentucky, is barely a freshman in congress but he is making his mark in Washington by releasing his own proposal for tackling spending and the federal budget. Paul says that too much of our federal budget goes to to entitlements such as Social Security and Medicare and that "our companies can't compete with foreign companies because our tax burden is too high."
Later this week Senator Paul will unveil his budget proposal that he tells Kiran Chetry will save nearly $500 billion dollars in one year alone. Paul explains just how he will do it on American Morning.
Avlon: 'It will take some political courage to reach across the aisle'
President Barack Obama's State of the Union address is tomorrow night and there is growing support behind Senator Mark Udall's proposal for Democrats and Republicans to sit together as opposed to abiding by party lines. More than 50 congress members have already claimed their "state dates" but the question is, will one-time seating arrangements turn into long-lasting bipartisanship?
CNN Contributor John Avlon says that although sitting together is a great symbolic gesture towards unity it is going to take genuine "political courage" to reach across the aisle on some of the issues facing congress ahead. He explains to Kiran Chetry on American Morning.
Share your story: "Good-bye, middle class"
The American Middle Class is hurting.
More and more people are struggling just to get by paycheck to paycheck, and the assault on the middle of the country seems relentless...
* Millions have lost their jobs and their homes
* Life savings and pensions have evaporated
* College tuition costs are up, and students are having trouble paying off loans
* Health care costs are still high despite health care bill passage
* Unemployment is still high, with fewer union jobs available
* Food and gas prices are going up
We want to hear from you. How has the Great Recession affected your life?
Tell us your story and it might be considered for an upcoming series on American Morning.
N.J. Gov. Chris Christie: 'There is no magic wand to wave'
A rising star in the Republican Party, New Jersey Gov. Chris Christie has made tough choices during his tenure in office by closing the state spending gap and getting tough with teachers unions. He says there no easy choices to make in hard economic times and there is "no magic wand to wave."
Today, Christie talks to American Morning's T.J. Holmes about politicians telling the truth, making tough decisions in education and whether or not he is winning the battle against MTV's "Jersey Shore."
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Welcome to the American Morning blog where you can get daily news updates from American Morning's reporters and producers. Join us for "the most news in the morning," weekdays from 6-9 a.m. ET, only on CNN.
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