CNN students new 2011-04-15

(CNNStudentNews)--April15,2011DownloadPDFmapsrelatedtotoday'sshow:TranscriptTHISISARUSHTRANSCRIPT.THISCOPYMAYNOTBEINITSFINALFORMANDMAYBEUPDATED.CARLAZUZ,CNNSTUDENTNEWSANCHOR:YesterdaywasThursday,Thursday.TodayisFriday,Friday.Andyouknowwhatthatmeans.CNNStudentNewsisbreakingdowneverythingfrombudgetstobaseball.FirstUp:BudgetBattleAZUZ:It'sFinancialLiteracyMonth.Mondayistaxday.Debate'sragingaboutthegovernment'sbudget--youknowwe'restartingwithamoneystory.Firstthingsfirst:TheU.S.Housevotedyesterdayonthe2011budget,whichrunsthroughthisSeptember.TheBillwouldcutaround$38billionfromwhatthegovernmentwillspendthisyear.ItsnextstopwastheSenateandyoucangotoCNN.comforthelatestupdateonthisBill.Remember,ithastopassboththeHouseandtheSenatebeforethepresidentcansignitintolaw.Andallofthisisjustfortheremainingfewmonthsinthe2011budget.There'sanevenbiggerfightbrewingoverthe2012budget.Democrats,ledbythepresident,andRepublicans,wholeadU.S.theHouseofRepresentatives,don'tseeeye-to-eyeonhowmuchthegovernmentshouldspend,ortax.MarySnowdivesintotheirdifferences.(BEGINVIDEO)MARYSNOW,CNNNATIONALCORRESPONDENT:HesaiditbeforeandPresidentObamavowedagainnottoextendBush-erataxcutsforfamiliesmakingmorethan$250,000ayear.U.S.PRESIDENTBARACKOBAMA:Wecannotafford$1trillionworthoftaxcutsforeverymillionaireandbillionaireinoursociety.SNOW:Ifthosetaxcutsarenotrenewed,itwouldmeanthattaxeswouldgoupforabout2percentofthepopulation,thepresidentcallsthemtherichestAmericans.Butbudgetexpertssayit'snotenoughtohelplowerthedeficit,evenwithspendingcuts.Here'sahypotheticalscenario.TheCongressionalBudgetOfficecrunchedthenumbers,iftaxeswereraise1percentagepointforpeopleinthetoptwotaxbrackets,itwouldamountto$115billionoveradecade.Butraisetaxesbythatsameamount,1percentagepoint,onalltheotherbrackets,anditcomestojustunder$500billion.CNNMoney'sJeanneSahadisaysthereareotherreasonswhytherichestAmericanscannotgeneratethekindofrevenuethatisneed.JEANNESAHADI,SENIORWRITER,CNNMONEY.COM:Theincomeoftheverywealthytendstobemorevolatilethantheincomeofmostpeoplebecauseit'stiedupwithinvestments.Andwhentheeconomygoessouth,oftentheirincomegetshurt.Soyou'renotgoingtogetasmuchrevenuefromthemasyoumightexpect,especiallywhenyouneeditinadownturn.Andtwo,therearejustnotthatmanyrichpeople.Asmuchaswethinktherearealotofthem,they'renotenoughtocarrythecountryintermsofdeficitreduction.SNOW:Butwiththe2012presidentialelectionaroundthecorner,budgetexpertssaynoonewantstoraisetaxesonthemiddleclass.RonHaskins,whoservedasasenioradviseronwelfarepolicytoPresidentGeorgeW.Bush,saysbothDemocratsandRepublicansarewrong.RONHASKINS,SENIORECONOMICFELLOW,BROOKINGSINSTITUTION:Republicansarebettingthatiftheysaynonewtaxes,theAmericanpeoplewilllikethatandwe'lltrytodoitallonthespendingside.TheproblemisspendingaffectstheAmericanpublic,too.Alotofpeoplearegoingtolosetheirbenefits.AndDemocratssaywe'lljusttaxtherichandnotthemiddleclass,butthatwon'tproduceenoughrevenue,sothat'snotgoingtoworkeither.SNOW:AndifthelastfightovertheBush-erataxcutsisanyindicationthiswillbeafiercebattle,thepresidenthadvowedmanytimesnottoextendtaxcutstothewealthiestAmericans,butinDecemberhedid.HesaidhedidsoinordertopreventataxhikeonmiddleclassAmericans.MarySnow,CNN,NewYork.(ENDVIDEO)I.D.MeTOMEKAJONES,CNNSTUDENTNEWS:SeeifyoucanIDMe!I'maU.S.governmentagencythatofficiallygotoffthegroundin1958.WheneveryouflyinAmerica,youflyundermyrules.Mymissionistoprovidetheworld'ssafestandmostefficientaerospacesystem.I'mtheFAA,theFederalAviationAdministration.FAAResignationAZUZ:BigchangecomingattheFAA.Themanincharge,HankKrakowski,quithisjobyesterdaybecausehe'sultimatelyresponsibleforhisemployees,andseveralthemhavefallenasleepatworkthisyear!We'retalkingaboutairtrafficcontrollers--thefolksresponsiblefordirectingplaneswhentotakeofforlandandkeepingtabsonweatherconditions.They'vefallenasleeponthejobatleastsixtimesthisyear.Andwhilenoaccidentsorcrasheshavehappenedbecauseofit,theFAAistakingaction.It'sreviewingemployeeschedules.Insomecases,it'smakingsurethatatleasttwoairtrafficcontrollersareonthejobduringmidnightshifts--rightnow,sometowershaveonlyone.SevereWeatherAZUZ:Thegusty,drywindsblowingacrossTexasaren'tmakingthisanybetter.They'refanningtheflamesofanumberofwildfires,whichhaveburnedhundredsofthousandsofacres,destroyedhomesandbusinesses,threatenedanimals.Firefightershavesomeofthefiresundercontrol.They'reusingeverythingfromhosestoplanestogetwaterontheseflames.Differentkindofdangerforecastfortheplainsstatesandthesouth.Apowerfulstormsystemissweepingacrossthestatesfromwesttoeastandseverethunderstormsareexpectedtobepartofit.StudyingTeenDrivingAZUZ:YoumightknowthatmotorvehiclecrashesaretheleadingcauseofdeathforAmericansages13to19.Butastudyjustfoundthatrecklessdrivingandalcoholaren'tthemainreasonsforthecrashesinvolvingteens.Drivererroris.Threeofthecommonmistakesthestudyfound:Notscanningaroundyouwellenough.Drivingtoofastforroadconditions--thisisn'tnecessarilyspeeding,though.Andgettingdistractedwhiledriving.Tobesafer,researcherssuggestlearningtolookfarahead,behind,andaroundyourcar.Adjustyourspee