5 things to know this morning - KSFY News - Sioux Falls, SD News, Weather, Sports

5 things to know this morning

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Your look at the five biggest and most buzz-worthy stories of the morning.

1. 4 Dead after train hits parading veterans

Authorities say at least four people are dead after a train hit a parade float headed to a Texas parade honoring wounded veterans. Seven of the seventeen people injured are in critical condition.

2. Study shows wide income gap between rich and poor in South Dakota

The income gap in South Dakota has grown faster than in almost any other state. The study is almost an illustration of the old proverb 'rich get richer, poor get poorer.' As we head into the holiday season, many of us are thinking about budgeting and stretching our dollars. We spoke with one woman who tells us it almost becomes a game.

3. Obama to host fiscal cliff summit

President Obama will host top congressional leaders at his first "fiscal cliff" summit today. The president is expected to make a push to extend Bush tax rates for families earning $250,000 or less.

4. Diabetes problem worsening

The nation's diabetes problem is worsening, particularly in the south where weight problems are growing, according to a new report by the Centers for Disease Control and Prevention study. The diabetes rate in Oklahoma more than tripled over 15 years. Kentucky, Georgia and Alabama also saw dramatic increases since 1995.

5. Hostess to make announcement on liquidation

Hostess Brands Inc., the maker of Twinkies, says it will announce this morning whether the company will be forced to liquidate its baking business after striking union members failed to return to work Thursday evening. The company gave workers a 5 p.m. ET Thursday deadline or said it would be forced to file for bankruptcy.

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