Page 41 - 62 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

and good morning, everyone. it's friday, december 2nd. ali and carol are both off today. i'm christine romans along with alina cho on this "american morning." >> so glad you got the memo. >> i know. we're both feeling a lot like christmas this morning. up first, the countdown is on for herman cain. he's heading back home to atlanta this morning in the decision to whether continue his campaign could be in his wife's hands. cain says we will know by monday at the latest whether he's in or out of the race, and yesterday for the very first time, cain admitted that getting out is an opt...

Authorization act? what is at issue here? >> reporter: interesting, jenna. the senate is expected to take it up this hour. it passed a procedural vote 88-12. that tells you a lot in this very polarized environment. this got overwhelming support in the united states senate. the senators feel like their issues in terms of detainee handling is fair and so they are challenging the white house own that measure. now it is a $662 billion package. a short time ago a senate democrat expressed her concern about some of the spending. take a listen. >> i have come to a stark and real conclusion about mone...

War, your approval ratings rise. however, as in this case, the -- the issue of the day is dominated by jobs and you are not having great success there, you are in trouble. i was taken aback by september 1, washington post/abc poll that showed that 47% said that the president's economic plan -- economic program had not had any effect and 37% said it had actually hurt the economy. so you had over 80% of the people saying what you have done, spending $862 billion on the stimulus program and everything you have done since has not made a positive difference, things are just as bad or they have gott...

Look at the president's jobs plan which was blocked in the senate this week. here it is. 245 billion north dakota tax cuts and incentives. $140 billion in new spending on infrastructure and aid to states. 62 billion north dakota aid to the unemployed. question -- $62 billion in aid to the unemployed. >> the plan was met with a lot of resistance on both sides of the ail frankly when the president unveiled it in september. when the president spoke i said let's stop the all or nothing approach. we will not be for tax increases on small businesses, he knows that. the senate just killed the bill th...

>> tax me more. billionaire investor warren buffet just revealed how much money he made last year. he made more than $62 billion. he's the inspiration behind president obama's proposal to raise taxes on the wealthiest americans. buffet claims that it's the patriotic duty of the rich to pay more in taxes. well, here's an idea. how about a checkoff box on income tax forms for people to voluntarily pay more? that idea is being proposed by louisiana congressman who joins us from the d.c. bureau. good morning to you, sir. >> good morning. good to be with you. >> you make a good point. why change th...