they need to yeah, they got to go. so what is he talking about there? we have details straight ahead. fox & friends for a wednesday, hour two, starts right now. hey, this is meatloaf and you re watching fox & friends. that was meatloaf. meatloaf again? right, fantastic. he was great on apprentice. he was great on our show. he s about due. been a little while. coming back for a concert. meatloaf, if you re watching, we need a new open. now to your headlines while you were sleeping, here s what happened in california. police in oakland got into nasty clashes. they used tear gas to break up the crowds. police arrested more than 100 people. let s go over to georgia now because police arrested more than 50 occupy atlanta protesters. they refused to leave a park even though the mayor revoked an order to let them stay there
good morning, it s wednesday, october 26th. i m carol costello joining you live from new york. president obama begins his day in denver where he ll spell out his plan to make it easier for student loan borrowers to pay off their enormous debt. he ll explain his plan at the university of colorado-denver campus. the two key points of his proposal, he wants to offer relief sooner by pushing up the start date for an income-based repayment plan passed by congress. it s set to take effect in 2014, but the president wants it to begin in january. the plan reduces to 10% the maximum percentage of income that more than 1 million current students would have to pay toward their loans. they ll also be eligible for loan forgiveness in 20 years instead of 25. the other proposal would offer a small interest rate break for borrowers who consolidate their different types of federal loans. usa today reports the outstanding student loan debt is expected to hit the $1 trillion mark this year.
bring it back to this live picture. chad myers, now to this. the rich are getting richer in america. new video of a baby rescued from the rubble and twitter war with the taliban. time to play reporter roulette. the new report contains the top 1% making more money and that s not the case for middle class. where does it come from and what does it say? you re absolutely right about that. this came out of the congressional office. it looked at how much income here in the u.s. has grown from 1979 to 2007. you know what it found? that the wealth gap is big but it s getting even bigger. you look at the top 1% of the population. incomes grew 275% for the middle class. incomes grew only 40%. in dollars and cents, what does this mean? if you earned $43,000 back in 1979 when gerald ford was president, in 2007 you only earned $60,000. that s not much of an increase. pretty sad, if you ask me, brooke. so why the disparity wean the rich and the middle class? that s a good question.
from the cnn center in atlanta, georgia, this is your cnn sunday morning for october 9. 6:00 a.m. in atlanta. i m t.j. holmes. as always, we want to say a special good morning to our service men and women watching us right now, the american forces network. thank you for being here, and thank you for what you do. let s talk about the president first and the jobs bill. this is going to be an important week. in just a couple of days, the president s jobs bill will get an important test. the senate is expected to vote on his $447 billion package. the congressional budget office says the plan s tax on millionaires would raise an estimated $453 billion. still, republican leaders, they don t like that tax. the president this weekend, we heard from him. he s pushing ahead anyway. some see this as class warfare. i see it as a simple choice. we can either keep taxes exactly as they are for millionaires and approximatelynair and billionaires, or we can ask them to pay at least the
fayetteville, arkansas. 5:00 in los angeles. wherever you may be, we are glad you are here with us. let s start with the texas pastor, shall we? creating a bit of of a stir that that conservative values voter summit in washington. he s a rick perry supporter and encouraging republicans not to nominate mitt romney. because of romney s mormon beliefs. our jim acosta caught up with this pastor and asked him what do you say to those voters who think mormonism shouldn t be an issue? the southern baptist convention, which is the largest protestant denomination in the world has officially labeled mormonism as a cult. i think that mitt romney is a good, moral man, but i think those of us who are born-again followers of christ should always prefer a confident christian to a confident nonchristian like mitt romney. and our jim acosta who was talking to the pastor there joins me now from the values voters summit in d.c. jim, can we start with giving our viewers some perspective abou