[Costello:] Good morning. I'm Carol Costello. Thank you so much for joining me. Checking our top stories, at just about 30 minutes past the hour, right now Republican and Democratic leaders in Congress are behind closed doors at the White House. President Obama summoning them for an 11th-hour meeting just before this much talked about forced spending cuts kick in and we understand the meeting has begun. It officially began at 10:18 Eastern Time. In Vatican City, the pope's department now officially closed. The traditional seal covers the former home along with the elevator used to reach it. Tradition says the seal will not be broken until a new pope is chosen. General Motors thinking green and hoping to make some green in the process. "Bloomberg News" reports GM will increase production of the Volt and other plug-in cars by 20 percent this year. The Chevy Volt had big sales gains last year while the new Cadillac ELR could also boost plug-in profits with its higher sticker price. Governor of Michigan will soon announce Detroit is in a financial emergency and that means the state is one step closer actually it's a millimetre away to the state taking over the city's finances. Detroit as you well know has fallen on hard times. It's at least $14 billion in debt according to a state report and residents are simply fleeing. Detroit has lost 25 percent of its population in just a decade. What about crime? Last year, Detroit was one of the deadliest had one of the deadliest years in decades with more than 400 people the victim of homicide. CNN's Poppy Harlow has followed the sad story of Detroit. She joins us live now. Good morning, Poppy.
[Poppy Harlow, Cnn Correspondent:] Good morning, Carol. This announcement expected in about an hour and a half that Michigan's Republican Governor Rick Snyder will say that he agrees that Detroit is in a financial emergency is critical because I'm told by a source close to the governor that means he will install an emergency manager in Detroit. That person will have sweeping powers within the city to override the mayor of Detroit, to override the city council, to break union contracts, throw them out if needed, to lay off more government workers if needed, whatever is needed to get this city back on sound financial footing.