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i'm erin burnett, "outfront" tonight. the group of 12 taxed with axing $1.2 trillion from america's deficit. last night, we brought you what was frankly a breakthrough. the architect of the plan told us he would support an increase on tax revenues on some of the wealthiest americans. today the top democrat said toomey's plan didn't go far enough. >> we came to the table to begin with and every day have said that for us it's extremely important. this -- whatever we end up with at the end of the day is balanced and fair and has real revenue on the table. >> we still haven't seen from t...

a.m. you know what, the end of an era at penn state. the nittany lions have lost their coach of five decades, a university president has been fired and a sex scandal has rocked the campus and this country. last night you saw the students protesting on campus, in town and right in front of joe paterno's home. >> hey, look, get a good night's sleep. all right. study, all right. we still got things to do. all right. i'm out it maybe now. thanks. pray a little bit for those victims. >> coach. >> you are a legend, joe! >> penn state! >> pray a little bit for those victims. jason carroll i...

good morning. it is thursday, november 10. well tomorrow to "american morning." if you went to sleep early last night or at all, everything is different this morning. >> it really is. first crash of the titan penn state football coach joe paterno out after 46 years as the head man in happy valley. paterno was fired along with the university president over a child sex scandal involving paterno's former assistant jerry sandusky. the decision came hours after paterno said he would finish out the season and then retire. instead penn state's board of trustees brought the hammer down. >> t...

black diamond mogul, icy black diamond, and the mountain is moving and chasing you the whole way down and you're trying to stay under it and stay close to it without letting it crush you. maybe that can put it into perspective for everybody out there. >> are you holding your breath? what are you looking at? >> the whole time i was looking at the bumps. it's like looking at the moguls to make sure you don't hit them wrong. this wave took so long to get to the bottom, i actually had a few seconds to look back at the wave two or three times, which i never really get to do. i usually jus...

and so it's with great respect that i speak of him and proud to say that i worked for him. >> it's been a seismic cascade of events since last weekend's arrest of a former penn state defensive coordinator on charges of raping and molesting a number of other boys. two of the university officials are charged with failure to report those crimes. paterno is charged with nothing, but says he wishes that he had done more than simply tell his superiors what an assistant reported to him back in 2002. i want to go now to penn state campus and cnn's jason carroll. jason, we know it was a prett...