senate. but what would happen if the government defaulted on its loans? would it impact you? interest rates will rise. we ll be back in recession. of course, we already have a 9% plus unemployment rate. we re starting from a weak position. unemployment will rise to the double digits. we ll all pay a very significant price. first the british tabloid hacking scandal catches the attention of law enforcement here in the united states. a source tells cnn the fbi is investigating whether or not journalists working for rupert murdoch s news corporation illegally gained access to phone records of the victims of the september 11th attacks. one alleges that news corporation reporters tried to access phone records using bribes or illegal computer hacking. the new federal investigation comes as murdoch defends his company s handling of the scandal. in an interview with the wall street journal which is part of his media empire, he says that he and his management team have made, quot
for news international and tabloids over in great britain possibly tried to hack into the phone numbers of 9/11 victims and possibly some other u.s. citizens, so now this scandal that started over in great britain has a chance to make it to the united states and the fbi it appears right now is getting involved. we ll have much more on this still developing story throughout the next couple of hours here on cnn. also coming up for you this hour, the man accused of killing and mutilating an 8-year-old boy is arraigned in court. the charges, first-degree kidnapping and first-degree murder. we will take you there coming up, and adarandi kaye just mentioned to you a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what s the big deal? it s l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it s set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on
jessica yellin is at the white house tonight with what her sources are telling her. jessica, what have you heard from these differing accounts? reporter: anderson, democratic sources say that bottom line is that the president was schooling the crowd in the room when eric cantor changed his position. all along eric cantor as you have said, the house majority leader, had endorsed doing a deal that did reduce the deficit. and that had some of these vary krause components we talked about. but when he supported the short-term deal which as you ve pointed out the president has made clear he opposes, the president sort of told the entire group that this is exactly what americans think of as washington at its worst, washington catering to the base, catering to politics, putting their own political future ahead of doing important things and taking on the big issues. and that he called on the group to take on this challenge and then called the meeting to an end. no matter how you rea
this is ali. chris seen on a well-deserved vacation. we have a lot going on today. let s get to it. high drama and high stakes over raising america s debt ceiling. we are now just 20 day ace way from the treasury deadline. president obama will meet again today with congressional leaders for the fifth straight day of negotiations that ended abruptly yesterday. republicans saying the president stormed out of the talks. this morning, democratic source is telling cnn president obama shut down the meeting after house majority leader eric cantor continued to push for a short-term extension of the debt ceiling. something that the president categorically opposes. that s when sources say the president got agitated saying, quote, this could bring my presidency down but i will not yield on this. end quote. then he added, talking to eric cantor, eric, don t call my bluff. i m going to the american people with this, end quote. let s go live to dan lothian at the white house. differ acco
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