American Morning
Unemployment eases to 9% – is this a sign the U.S. economy won't slip back into recession?
The American economy added 80,000 jobs in October, and the unemployment rate eased to 9%, the Labor Department reported Friday. That's a disappointing number, considering it typically takes at least 150,000 jobs added each month just to keep up with population growth. Meanwhile, the lingering Greek debt crisis continues to generate uncertainty, thereby threatening the global economy.
Christine Romans speaks with Ian Bremmer, president and founder of the Eurasia Group, and Jay Powell, visiting scholar at the Bipartisan Policy Center, to discuss the future of the economic recovery – and whether there's any chance the U.S. could slip back into a recession.
Education Secretary Duncan explains new measures to help students manage debt
College graduates are entering one of the toughest jobs markets in recent memory and the average student loan debt for those graduating from a four-year college is nearly $24,000.
Today, Education Secretary Arne Duncan will be announcing new measures to help students pay back and manage their loan debts. This measure comes as a part of a series of executive measures that the White House has been rolling out this week to help Americans suffering in this economic environment.
Secretary Duncan joins Carol Costello on American Morning today to break down the changes he is going to announce and to address some of the criticism that has been geared at the president for bypassing Congress and issuing executive orders.
Majority Whip Kevin McCarthy explains his jobs proposal
Unable to get his jobs plan passed in Congress, President Obama has taken to the road this week to push alternative plans to help the economy and the American people.
Meanwhile, Majority Whip Kevin McCarthy plans to bring an alternate jobs bill to the Financial Services Committee today that he says would make it easier for small businesses to expand.
Representative McCarthy joins Ali Velshi on American Morning today to explain the logistics of his plan and to weigh in on other GOP alternatives being advocated by Republican presidential hopefuls.
Why Perry's 'flat-tax' falls flat among Republicans
Hoping to regain traction that he's lost on the campaign trail, Rick Perry unveiled his "flat-tax" plan yesterday, which proposes giving Americans a choice between their current income tax rate or a 20% flat tax rate.
The plan deals with some of the concerns of the flat tax plan initially proposed by Steve Forbes fifteen years ago, while simultaneously keeping some of the popular deductions that Republicans opposed eliminating in 1996.
Perry's plan preserves mortgage interest and charitable state and local deductions for families earning less than 500 thousand dollars a year. It also eliminates the inheritance tax, and lowers the corporate tax from 35 to 20 percent.
Today on American Morning, Ron Brownstein, CNN senior political analyst, joins Christine Romans to discuss the likelihood that Perry's plan will gain traction among the GOP and to weigh in on how other Republican candidates feel about the flat tax.
What are the U.S. implications of the eurozone debt crisis? Eurasia Group founder weighs in
All 27 members of the European Union will meet today in Brussels for an emergency summit on the eurozone debt crisis, where they are expected to sign off on a plan to recapitalize euro-zone banks, beef up bailout fund and restructure Greece's debt.
The meeting comes a day after Italian Prime Minister Silvio Berlusconi's government averted a potential crisis over economic reforms after reaching a deal with its main coalition partner about pension reforms.
Ian Bremmer, president and founder of Eurasia Group, joins Ali Velshi on American Morning today to discuss the negotiations and the implications of the eurozone crisis for Americans.
Will President Obama's housing plan help struggling homeowners?
From Nevada, a state where 1 in 118 homes are facing foreclosure, President Obama announced a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages.
The White House said changes to the two-year-old Home Affordable Refinance Program (HARP) will help homeowners with little or no equity in their houses refinance by cutting the cost of doing so and removing caps to give deeply underwater borrowers access to the program.
Paul Jackson, founder and publisher of HousingWire, discusses the president's housing plan and breaks down it's primary criticisms with Carol Costello on American Morning today.
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