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live on capitol hill correspondent. you've been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. what's in the latest plan. >> i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of money from war money. he's saying as afghanistan and iraq wrap up, there's about a trillion dolla...

who had once been an executive editor of the "news of the world" paper. and that brings us to rebecca brooks. at the top of the murdoch food chain, and possibly the linchpin in an unfolding drama already ensharing britain's corridors of power. brooks is answering police questions. >> reporter: in the cozy world of british politics and media, rebecca brooks was at its very center. she wined and dined the rich and powerful on behalf of her boss and mentor, rupert murdoch. brooks first came to news international as a secretary at "news of the world." she quickly developed a reputation f...

Life. of course, except, of course, for the primal battle between good and evil. that's where things get a little gray and hurricaney. and thank murky. thank god she had that brave hart guy there. gravity doesn't do as good a job as bringing things down as cape hart's indignation does in raising his eyebrow. is he one of those guys who sees conspiracies everywhere. evil men duncan heinz calling chocolate cake devil's food cake. what do they mean by that? >> bill: there was a controversy about devil's food chocolate cake. >> trivializing this, billy. there is little women like rosa parks who sa...

The newly elected senator from the state of illinois, that kept us from regulating fanny and freddie as you pointed out in your introduction it was their that plunged us. >> bill: fannie and freddie were a certain part of it? >> they were the accelerant that brought down a lot of firms. >> bill: that was what the barney frank interview was all about. it was absolutely true. >> right. >> bill: had you a guy chris cox, former congressman from california, who was the head of the sec. and by all accounts, mr. cox did not know anything about these derivatives, phone loans, phony pieces of paper, fa...

Gray and hurricaney. and thank murky. thank god she had that brave hart guy there. gravity doesn't do as good a job as bringing things down as cape hart's indignation does in raising his eyebrow. is he one of those guys who sees conspiracies everywhere. evil men duncan heinz calling chocolate cake devil's food cake. what do they mean by that? >> bill: there was a controversy about devil's food chocolate cake. >> trivializing this, billy. there is little women like rosa parks who sat right at the front of the bus and told the pig looming over her i ain't going anywhere. when we start putting cr...