the federal indictment claims they lied to the bankruptcy court, to the irs, and to a number of banks. the pair faces pretty stiff penalties on the charges up to 30 years in prison and a million dollar fine if convicted. joe giudice was charged with failing to file taxes in a time he earned nearly $1 million. adding to a checkered legal past. wefr been hearing rumblings of in the years now that comes to light with the charges. reporter: teresa s attorney told cnn she will plead not guilty. releasing a statement saying she supports her husband and adding quote, i am committed to my family and intend to maintain our lives in the best way possible which includes continuing my career. as a result, i am hopeful we will resolve this matter with the government as quickly as
first season aired. the federal indictment alleges the giudices lied to the bankruptcy court, to the irs, and to a number of banks. the pair faces stiff penalties on the most serious charges, up to 30 years in prison and up to a million dollars fine if convicted. joe giudice was also charged with failure to file tax returns between 2004 and 2008, a time where he earned nearly $1 million, adding to an already checkered legal past. we ve been hearing rumblings in the news for years now and it s all come to a head with the latest charges. joe s lawyer did not immediately respond for request to comment, but theresa s attorney told cnn she will plead not guilty, saying she will support her husband and adding, quote, i am committed to our family and plan to maintain our lives in the best way possible, which includes continuing my career. as a result, i am hopeful we will resolve this matter with
checkered legal past. we ve been hearing rumblings for years, and it s all come to a hut with these latest charges. however, teresa s attorney told cnn she will plead not guilty. adding i am submitted to my family, which includes continuing my career. result, i am hopeful we will roe solve this as quickly as possible. with the show in its fifth season on bravo, teresa s future with the show is potential in jeopardy. you can t really shoot the level of glamour from behind bars. because this was an initial appearance, not an raiment, they there are some stipulations that the judge put on the giedices today.
whatever you re hearing internally, your test of what republicans might allow. well, what i think is particularly important and something i think the president achieved today was to grab washington by the lapels and say, consider all of these issues through the prism of the middle class. the stress the middle class has been under, how do we provide mo more ladders of opportunity? he said today it s not only a moral issue. it s an economic issue. it s in our interest to have a rising, thriving middle class. i think we re hearing rumblings of larry summers at the fed. is that something we should look forward to? we have an administration policy of not commenting on the fed. when the president has an announcement to make, you ll hear it as soon as i do. fair enough. i know everyone in economic always looks forward to anything larry summers is doing. he s a fun guy to talk to. alan, thank you for spending time with us today. sometimes no comment is the safest thing. up next, the
governor of michigan put him in charge and bill told me at 4:06 p.m. today the governor along with the emergency manager of detroit filed officially for chapter 9 bankruptcy protection. this is a little sooner than we expected. we were hearing rumblings it could happen tomorrow but it came today. in is a city that is $18 billion in debt, has been decades in the making. why did this happen? the population has been declining. 1.5 million in 1950 to 700,000 today, fewer people a paying taxes, the downfall of the auto industry, corruption in government, so many things have added up to this. what this is going to mean now is if they are approved and have an exit from bankruptcy, it gives them the power to pay their creditors back a lot less, to cut down pension and health care benefits for city workers. so it s going to hurt but it