nations general assembly is underway. absolutely. because the streets are clogged. president obama and the new libyan leadershiping for face-to-face talks at the united nations and the stakes could note be higher. moammar gadhafi reportedly starving citizens. the president arrived in new york yesterday. front and center at the united nations. cnn senior correspondent, u.n. correspondent, i should say, richard roth joins us this morning. so this would be the first face-to-face meeting between president obama and the national transitional council? a good deferment for the obama administration, able to champion at that meeting and with the other diplomats, their way did work, although fighting remains. and helps solidify this new government in libya. the flag actually flew over the united nations monday for the first time, removing that green gadhafi flag. jaleel, of the national council, will be there and libya will have to set out what kind of government it will be. helpin
we re talking about on wealthy americans. some of the taxes we have talked about before, limiting those itemized deductions that the wealthy take. closing loopholes on hedge fund managers, oil and gas companies, corporate jet owners and also letting the bush era tax cuts for the wealthiest americans expire when they are set to. also a little more than $1 trillion in war savings. of course, we do know that the wars in afghanistan and iraq are already going to be winding down. and that s something that republicans are hitting on. and frequently both sides have used this when they do their math. and then also interest savings, kiera. $430 billion there the white house says, and that s because if you don t owe the money, you don t have to pay interest on it so the money would be saved there. all right. bre brianna keilar at the white house watching that for us. christine romans, let s break it down and talk specifically about which americans will pay for these cuts. well, let
about this for years and under the president s plan anyone making more than $1 million a year would paper the same percentage of taxes at the middle class. boy, it does not sit well with republicans. when you pick one area of the economy and say we re going to tax those people, because most people are not those people, that s class warfare. warren buffett has been honest and others i know who have haven t fortunate in life and wealthy say, for goodness sake, raise my taxes if that s going to help this economy move forward. brianna keilar is on the phone in washington with more details of the president s plan. depending on your perspective it s class warfare or sharing the burden. reporter: that s right. you re going to hear a lot more of that playing out today after the president unveils his plan in the rose garden at 10:30 a.m. let s look overall as what it is. it would save, according to the white house, $3 trillion over ten years bp twice what this super committee
the most pressing issue there is greece. reporter: yeah. that s right, ali. what i should also mention, though is that the markets have certainly learned over the last two years this euro in crisis has gone from bad to worse. what they wish for and, then, again, what politicians deliver. what they would ultimately like to see, these leaders agreen on a bold action on a statement promising bold action like raising the euro s bailout fund to cope with countries like greece that they re still having trouble paying bills and might also like a discussion about moo mooch mutualizing. germany, of course, is still very, very reluctant to fit the bill on that, ali. different finance abilities. so that mutualization or further union mayen very far apart. the international monetary fund christine lagarde has stern warnings about the prospects for recovery in europe. what did she have to say? reporter: yeah. not mincing worlds and in an interesting position, because this time last
call. american morning continues right now. i m ali velshi. the obama administration trying to defend its decision to award stimulus money to solyndra. a solar power company that went bankrupt. taxpayers are on the hook for more than half a billion dollars. i m christine romans. u.s. officials concerned about terrorist groups setting up long-term residence in post-gadhafi libya. should our lawmakers cut back? we will talk to one senator that says yes on this american mornin morning . good morning. good morning. it is thursday, september 15. welcome american morning. good to be back with you guy. nice to have you back. havena lot of good news. you will love it. up first, taxpayer, you are on the hook this morning more more than a half a billion dollars. here is why. solyndra, a solar panel company in california, declared bankruptcy after receiving $535 million in federal stimulus money from your tax $. the white house trying to defend its decision to award th