May 2nd, 2012
07:54 PM ET

Can we defuse the debt bomb?

The numbers are staggering: a national debt of $15.6 trillion. What needs to be done now to defuse what some call the "debt bomb"? Could added stimulus be the key? Or is attacking the debt itself the answer? Sen. Tom Coburn, who's written a book called "The Debt Bomb", joined Erin Burnett.

Filed under: Economic Strike Team • Economy
May 2nd, 2012
07:47 PM ET

Did Romney spokesman resign over sexual orientation?

An advisor to Republican candidate Mitt Romney says the campaign was disappointed by the resignation of just-hired foreign policy spokesman Richard Grenell, who'd come under fire from conservative groups for being gay.

On CNN's Erin Burnett OutFront, Eric Fehrnstrom said the campaign tried to talk Grenell out of resigning, and insisted Romney does not focus on factors like sexual orientation in hiring staff.

Filed under: Uncategorized
Kenneth E. Volpert
May 2nd, 2012
07:00 PM ET

OutFront's economic Strike Team weighs in on added stimulus

Does the economy need another boost of stimulus? We asked the OutFront economic Strike Team. Here are some of their responses:

John Donahoe, CEO of eBay: The biggest threat to the economy is the growing deficit. We need to get Simpson/Bowles implemented soon after the election.

Alan Mulally, CEO of Ford: No need for more stimulus. We think a plan to deal with the deficit would be a positive step.

John Paul DeJoria, CEO of Paul Mitchell: No, the recovery in now on the way and it is time for us, the people of the United States of America, to step up and do everything that is necessary to continue the recovery. For example: every business out there should try to hire one more person. Every person looking for a job should try a little bit harder. Every consumer should make it a point to buy two more things that are made in America. By doing this we, the people, are saving the country and preventing unnecessary debt for our nation. We at Paul Mitchell will hire two more people and at John Paul Pet we will hire at least one more person to do our part.

Stuart Miller, CEO of Lennar: "We need to let the free markets work and start to focus on deficit reduction."

Filed under: Economic Strike Team • Economy
May 2nd, 2012
02:28 PM ET

Selling 'The Scream' and suggesting a great new author

By Erin Burnett

"The Scream," a painting by Edvard Munch, could become the most expensive painting ever sold.

It's up for auction at Sotheby's, here in New York City, today. Art experts expect it to sell for anywhere between $80 million and $150 million. That would smash the current auction record of $106 million paid for a Picasso in 2010.

Filed under: Erin's Essay
May 2nd, 2012
01:47 PM ET

New terror threat: 'body bombs'

A chilling new threat has emerged, and terror experts say it's something terrorists could try in an effort to avoid detection at airports and other locations in the United States: taking explosives and surgically inserting them inside a terrorist's body.

Filed under: National Security