After the Morning Meeting

New reports indicate that North Korea has just test-fired what appear to be three short-range missiles. The missiles were launched off the east coast of the country into what the government had called a no-sail zone. Could these launches mean increased threats for the 4th of July weekend?

New unemployment numbers have just been released. At 9.5%, unemployment rate is a 26-year high. Have we hit bottom yet?

Instead of paying off its debts, the California government is issuing I.O.U's! It's the only way that the state can keep from running out of cash before July. The delay in payment will affect everyone from college students to small business owners. We'll be going live to a press conference with Governor Schwarzenegger as he explains how the state will finalize its budget before the federal government steps in.

[caption id="attachment_1987" align="aligncenter" width="300" caption="Gov. Arnold Schwarzenegger responds to a reporters question concerning the state's pending cash crisis, following a his meeting with the Governor's Blue Ribbon Fire Commission, at the Capitol in Sacramento, Calif., Monday, June 29, 2009. Schwarzenegger said he would veto any budget plan that includes tax increases and urged lawmakers to reach a solution to the states $24.3 billion state budget plan deficit. (AP Photo/Rich Pedroncelli)"][/caption]