Page 8 - Fallback Plan News Today

the nations debt ceiling is fueling hopes the government wont run out of money on august 2nd. obama saying the deadline drawing close and congressional leaders need to talk turkey in todays meetings. most of the central heat under a heat alert. some areas feel as hot as 126 degrees. . the taliban blaming u.s. hackers for a text that announced the death of mullah omar. the taliban says, no, he is alive and well. one day after rupert murdoch tried to repel the british assault on hi...

effectively will not affect my ability to serve as commander in chief. >> dr. sanjay gupta will join us for a reality check. but up first, live action in the house of representatives and how it impacts a search for a deal to keep the government from a default most economist say could derail the already fragile recovery. this hour you see right there live debate. the house is expected by the end of this hour to pass the republican majoritys cut, cap and balance plan. it would cut fede...

>> but my question is on the number. if you get beyond $1 trillion and he still cant get any tax increases, the president said im not willing to cut more spending without having tax increases. >> well, what the president said was to do major structural changes on the spending side, there would have to be major tax increases, and we could see a path of getting to well over a trillion on something we agree to. >> if thats sort of a fallback plan, because he wanted something like $4 trillion over t...

That as well. >> but he used that figure. >> but he also said that if we cant get the most done, then in addition to extending the debt, we should do as much as we can. there are a number of ways to get there. we aspire more -- >> but my question is on the number. if you get beyond $1 trillion and he still cant get any tax increases, the president said im not willing to cut more spending without having tax increases. >> well, what the president said was to do major structural changes on the spen...

murdochs protege rebekah brooks to show up tomorrow to answer questions. despite her arrest over the weekend, her spokesman says she will be there. shes denying she knew her reporters hacked phones for scoops while she was the newspapers editor. rupert murdoch, chairman of news corp, and his son james are expected to testify alongside brooks tomorrow. they will appear before parliaments media committee. a heatwave hitting the middle of u.s. extremely high humidity makes it feel as ho...

york. glad youre with outside this monday. its july 18th. a lot going on. nice to see you as well. >> nice to see you. christines still off, i guess. two more casualties in the uk hacking scandal leaving rupert murdocks empire reeling this morning. rebekah brooks arrested. reported friday she had resi resigned. shes been released on bail. its not clear if shell testify tomorrow. last night in a shock move that has left scotland yard for accepting almost $20,000 in hospitality from a ...

allow the president to raise a debt ceiling and avert crisis. a vote on that could happen this week. the fallback plan would likely pass the democrat-controlled senate but face a bigger challenge in the house where republicans hold the majority. lets get the latest with brianna keilar. are we any closer to a deal? >> on a deficit reduction plan, kyra, it doesnt appear so. no announced meetings between the white house and congressional leaders over the weekend, there were staff-level me...

sears was offering that deal yesterday. today, theyre offering an apology. the big mistake that had people thinking they had gotten the bargain of the year. but lets now turn to the 405 freeway. the infamous 405 in los angeles. it is shut down this weekend. and you might be thinking, if youre not familiar with the area, big deal, freeways shut down for construction. but think, folks, what if you are in new york and they shut down the brooklyn queens expressway? what if youre in chica...

you have the vest on there to make sure that everyone can see you and make sure that they know that youre not part of the construction project. but you can tell us all about it. kareen? >> reporter: yeah, i cant believe you noticed this very, very conservative vest. well, fred, i have to tell you, as someone who lives here in southern california, i take the 405 all the time. this is definitely, definitely eerie to see. no cars on the roadway. this is something that is so unprecedented,...

we begin with the resignation of a key executive in the rupert murdoch media empire. rebekah brooks is out. many people were outraged when brooks kept her job after the newspaper was shut down for scandalous reporting tactics. and as brooks steps down, the investigations ramp up. the fbi now investigating the murdoch empire right here in the united states. lawmakers demanding the probe amid reports that murdochs journalists hacked the cell phones of 9/11 victims and their families. sus...