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that's not enough to keep the government running. what this argument could cost you. >> we must lift the debt ceiling. >> republicans refuse to be drawn into this legislative trap. >> it's a notion it would become suddenly unreliable to throw shock waves through the entire financial system. >> we cannot go on scaring the american people. we need to be truthful. >> tonight, what will happen next. i'll ask two men who have a lot to say about government, taxes and you. money expert dave ramsey and cory booker. america in the balance. this is piers morgan tonight. good evening. if someon...

awaken to elton john, first singing and then delivering a message of personal thanks. rupert murdoch built a media empire on the power of selling a scandal but now it's his mighty news corporation that is under siege from london to washington. a prominent u.s. senator jay rockefeller wants to know if u.s. citizens fell victim to sleazy or illegal news gathering so he is calling for an investigation amid reports that victims of the 9/11 attacks are among the nearly 4,000 people who had their phones hacked. the outrage is crushing. over the past week, the media giant has lost nearly ...

investigation of rupert murdoch's media empire as the company pays a new price for its phone hacking scandal. could a massive probe now under way in britain happen here in the united states? and the obama money-maybing machine. who's behind the cash and can the republicans compete? president obama and the congressional leadership are under enormous pressure right now, about 40 minutes into their latest round of debt crisis talks. they haveless than three weeks until the deadline to raise the legal limit on the federal debt. and by all accounts, they're still very far apart. what if...

The deficit talks will work around the clock and suggested thai turn to cut in entitlement in medicare, it could get rough. saying i'll trade the bicycle for the golf club. >> they have benefit cut for social security that some see as becoming a target in the talk. >> they're saying if you leave it out of this deal, we'll help work with you down the road. >> that is a smart political move for them to make. >> they call the story misleading and they say that putting social security in deficit talks is wrong because it's not adding to the deficit. >> we are willing to talk about the different op...

This is what we've seen in spain, in portugal, in greece, and ireland and elsewhere. no one is saying the u.s. is anywhere near that stage at the moment. with the kind of numbers you were talking about earlier, a deficit of nearly 11% this year, debt to gdp ratio, let's get this together and not be a drag on the markets so people can get their confidence back again in the u.s. bond market. let's face it. as long as the treasury is buying on qe2, that's okay. but major international buyers, are they going to want to buy u.s. debt over the long term unless we get a handle on this issue? s&p firi...