CNN 2009-06-01

let's talk about G.M. That's really the big story today, as we know it. They have about, what, 24 hours left on the books. Tomorrow, the deadline comes due for the automaker either to declare bankruptcy 1 or dramatically restructure its operation. It has to make that decision in order to get any more money from the government, and we're hearing it wants $30 billion or more.

"The New York Times" reports, bondholders have finally agreed to swap 2 their debt for a piece of the new company. We'll know for sure tomorrow when G.M. holds a news conference in New York. And, by the way, we are hearing the government could have a stake up to 72 percent of the new G.M.NGUYEN: And the president is also making news today about date night.

HOLMES: Yes.

NGUYEN: In fact, was a campaign promise to his wife. You know, he promised his daughters a dog. They got the dog. Well, last night, his wife got her Broadway play and, you know, a little criticism today about that.

HOLMES: Isn't it amazing everything the president -- and no matter what he does -- it will get criticized?

NGUYEN: Well, he's under scrutiny 3, no doubt. HOLMES: But we're seeing them there. If we can take that, and show it to you, a full picture there. They're in the helicopter now on that picture. But they are dressed to the nines, really, looking pretty good. She had -- I can't describe the dress but ...

NGUYEN: A little black dress. Yes, it's very pretty.

HOLMES: Oh, I could have come up with that, I guess, little black dress.

NGUYEN: Just about every single woman has one of those.

HOLMES: But they did go on the East Village, a lot of people lining 4 on the streets and kind of gotten word that the president was coming. They went to see Joe Turner's "Come and Gone." That is a play that's written by Pulitzer Prize winner August Wilson.

And, Betty, as you just mentioned, some criticism and it's coming from the Republican National Committee criticizing him for this night out. Put out a statement actually before the president even left on this trip. But here it is. We'll put it up for you.

It comes from a spokesperson for the RNC saying, "As President Obama prepares to wing into Manhattan's theater district on Air Force One to take in a Broadway show, G.M. is preparing to file bankruptcy and families across America continue to struggle to pay their bills."

NGUYEN: Yes. The White House has not revealed the cost of the evening, but said the first couple took a small plane to New York -- not the jumbo jet that they usually are on. And, also, the press corps 5, obviously, had to go with them and their staff.

So, I think there was a total of about, what, three planes involved in this.

HOLMES: Three planes, a helicopter or two had to fly them over to Manhattan as well.

NGUYEN: And, you know, security has got to be there and all of that.Popular priest caught having an affair. He is back at the pulpit actually this morning but not in a Catholic Church.

Alberto Cutie -- you see him there -- is giving his first Episcopalian mass in Florida. The man some called Father Oprah left the Catholic Church after a romantic photo came out showing him with a woman on his left you see there on the right of the screen. He admitted seeing her for two years. They are planning to get married. Thousands used to listen to Cutie give relationship advice on his radio show, he has had to leave that show as well.