American Morning
Dick Armey on the Tea Party's budget plan to balance budget, curb spending
With just one week to go before they reach their deadline, all eyes in Washington are on the so-called Super Committee – the task force responsible for producing a deficit cutting plan. But this morning, members of the Tea Party are putting forth their own budget proposal. They claim that it balances the budget in four years – without any tax hikes. The plan would cut spending by $9.7 trillion over 10 years.
Christine Romans talks with Dick Armey, chairman of Freedom Works and one of the architects of the plan, to comb the details of the Tea Party's budget proposal.
Pizza is a vegetable? Some in Congress think so
Did you know that pizza is considered a vegetable? Well, some members of Congress think so.Â
There's a heated debate raging on Capitol Hill over a controversial new bill that would block strict health regulations for school lunches. And if some members of Congress have it there way, pizza and french fries could become staples in your children's cafeterias.
Christine Romans and Carol Costello talk with CNN chief medical correspondent Dr. Sanjay Gupta about how this legislation will impact our kids' health.
NYC Deputy Mayor: If Occupy Wall Street protesters want to peacefully protest, they have the right
It's being called 'a block party the 1% will never forget."
This morning the Occupy Wall Street protest is gathering in Downtown Manhattan to shut down not only the financial district, but also the subways and possibly the Brooklyn Bridge.
Today's so-called "Day of Action" is to mark the movement's two-month anniversary.
This morning on American Morning, Carol Costello talks with Howard Wolfson, New York City's deputy mayor for government affairs and communications. He explains what the city is doing in response to today's protest.
Detroit Mayor on AM: If we can make budget changes, we can stave off any horrible situation
The city of Detroit is dangerously close to facing bankruptcy.Â
The city's deficit has been estimated to be as high as $209 million and the government is currently on track to run out of money by early next year.
Last night in a televised speech, Detroit Mayor David Ding said that drastic action needed to be taken to fix his city's finances. Bing is calling for municipal unions to take wage cuts and tax hikes for corporations.
Today on American Morning, Carol Costello asks Mayor Bing if he thinks he has ability to turn Detroit's finances around.
AM Minding Your Business for Nov. 17, 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 pretty much flat after fear got the best of the markets yesterday. The reason? Concerns about Europe and the so-called super committee which has just six days now to cut a *minimum* of $1.2 trillion from America's deficit.
* U.S. bank stocks were hit especially hard yesterday. Bank of America was down nearly 4%. Morgan Stanley dropped 8% after the ratings agency Fitch warned Europe's debt crisis could pose a serious risk to American banks.
* The price of oil is above $100 a barrel for the first time since July. Though one market analyst telling CNN Money - we may not see prices at the pump skyrocket because of a slowing demand in Europe.
* Big cuts at the big banks. Citigroup is reportedly planning to eliminate about 3,000 jobs by next year. It's part of an effort to control expenses. Meantime, French bank BNP Paribas is said to be drawing up plans to lay-off nearly 1400 employees.
* Detroit's mayor is laying out his plan to fix a city in crisis. Speaking last night - Mayor Dave Bing warned the city could run out of cash by April.
* At 8:30AM ET, we'll get a new report on the number of unemployment claims filed for the first time last week. Economists expect the number of jobless claims to still hover at that key 400,000 level, but we really want it to come down further to show growing strength in the labor market.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
Why do some fail to act in the face of atrocities?
In new emails just obtained by Allentown's "Morning Call" Newspaper, Penn State assistant football coach Mike McQueary claims that he did stop Jerry Sandusky's alleged rape of a young boy in 2002. He also says that he discussed the matter with the police. This seems to contradict McQueary's grand jury testimony, which states that he only told Joe Paterno. Both McQueary and Paterno have been criticized for not properly informing authorities about Sandusky's actions.
Chrstine Romans speaks with clinical psychologist Jeff Gardere to try to understand why individuals choose to stay silent in the face of these kinds of atrocities.
About this Show
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.
On Twitter
