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CNNW CNN Saturday Morning July 30, 2011



what could be the largest municipal bankruptcy in u.s. history. good morning to you all. thank you for spending part of your weekend with us. i m t.j. holmes. we do need to start with a debate that was supposed to be over already. we are less than three days from a possible u.s. default. this clock is still ticking and a deal is not done. we are expecting a lot of action on capitol hill today. both houses in session, but whether there s going to be any real progress, that s anybody s guess. this is what we ve got going on today. the house starts debate at noon with the likely vote on a democratic proposal expected some time after 1:00 p.m. not expected to pass, however. then over on the senate side, they kick off debate on the democratic proposal around 1:00 eastern time. they could be debating that for up to 12 hours before they even vote on whether to vote. kind of a procedural vote would take place, possibly around 1:00 a.m. we did hear from president obama this mo ....

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CNNW CNN Newsroom July 30, 2011



this reid plan sometime this afternoon. expected to vote it down. it will be just a demonstration that the reid plan as is is not going to pass the house of representatives. meanwhile, the question is, what s going to happen in the senate, were there any meetings? no meetings scheduled among the leadersh leadership, a top republican leadership aide telling me mitch mcconnell doesn t want to meet with the democrats unless a representative from the white house is involved because the democrats don t have permission to sign off on anything unless the president says so. i also talked to one top democrat from the house this morning about what he thinks, that s congressman barney frank, the chairman of the house financial services committee. let s listen. significant reductions going forward, not immediate, in domestic and military spending, deferring the tax issue for when the bush tax cuts expire and not cutting social security and medicare benefits are things we can look ....

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CNNW AM Wake Up Call July 18, 2011



government goes about raising debt ceilings. senate leaders from both parties are hammering that out. the kick the can deal, a short-term deal that would raise the debt ceiling for a few weeks or months. the president has said he doesn t like that idea. coming up next the just get to 2012 deal, a compromise that would give the government spending power to get through the president elections. fourth, the grand compromise, the one the president is pushing for, the long-term deal that could take a big bite out of the deficit. two big head lines, the casualties keep coming and the scope keeps widening. rebekah brooks arrested. the woman once headed up his british papers, she s out on bail. headline two, the head of scotland yard resigns. sir paul stevenson is quitting over criticism how he handled the saga. as commissioner i carry ultimate responsibility for the position we find ourselves in. with hindsight i wish we had sunlged matters involve this affair differently. ....

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CNNW CNN Saturday Morning July 16, 2011



and this is an ipad for $69. the big mistake that had people thinking they had gotten the bargain of the year. i want to start with another apology today. this from rupert murdoch. responding to the hacking scandal from the u.k. what this shows you, this tape, it is murdock going into a meeting with the family of the murdered british teenager. it was that teenager s hacked voice mails that sparked the outrage into the scandal. listen. shame on you. shame on you. shame on you. shame on you. mr. murdoch, will you tell us what you said to the family? if you just keep silent for a minute. it was a totally private meeting. keep your head down, mate. i m the founder of the company. i was appalled to find out i apologize. i have nothing more to say. nothing more to say at that moment. he did have more he went on to say. murdoch posted an ad in several british newspapers. he said, we are deeply sorry for the hurt suffered by the individuals affected. the news of ....

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CNNW CNN Saturday Morning July 16, 2011



yesterday. today, they re offering an apology. the big mistaking that had people thinking they had gotten the bargain of the year. but first, here are your options. resign or be fired. that is the ultimatum that was just given to nearly 200 educators tied to one of the largest school cheating scandals in u.s. history. it was just over a week ago, a state investigation revealed 178 teachers, including 38 principals, woulding at 44 schools cheated for students on standardized tests in atlanta. on monday, interim superintendent erroll davis replaced four superintendents and one principal in the atlanta public school scandal. now a letter has been sent to the 178 teachers, principals and administrators who were on the state investigative report as either confessing to or being implicated in the cheating. davis has ordered that educators resign by next wednesday or they will face termination. he says the culture inside the school district has to change. people failed chi ....

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