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Detailed text transcripts for TV channel - MSNBC - 20110720:09:10:00

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CNNW Anderson Cooper 360 July 20, 2011

that s the house tonight passing h.r. 2560, better known as cut, cap and balance. now it s a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say they ll defeat it. if somehow they fail, president obama says he ll veto it. in other words, it s doa which is why a lot of democrats are calling it a stunt and a waste of time. earlier today a bipartisan group of senators called the gang of six came out with a proposal of their own that is being taken seriously, including at the white house. and so for us today, democratic fors acknowledge that we ve got to deal with our long-term debt problems that arise out of our various entitlement programs. and for republican senators to acknowledge that, revenues will have to be part of a b ....

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CNNW AM Wake Up Call July 20, 2011

now, the plan does not address the debt ceiling. you see the debt clock there. it ticks down to august 2nd. that s when the u.s. could start defaulting on some of its bills. it could be a jumping-off point for a bigger deal. here are some of the highlights of the plan according to cnn senate forces, it shaves about $4 trillion off the debt load. rejiggers the tax load, cuts short-term spending by about $500 billion. it changes the entire budgeting process and it reforms social security. now, this plan is not to be confused with something you heard about yet, cut, cap and balance. that s a house plan that passed last night, imposing strict limits on future federal spending. that is likely doa, probably won t pass the senate. the president is promising to veto it if it did. in about 90 minutes, the spotlight in the news corp. phone hacking scandal turns to british prime minister david cameron. he ll be front and center at the house of commons talking about his links to ....

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CNNW Piers Morgan Tonight July 20, 2011

them to pay. and the lie one member of brit tissue parliament told about me. if all you know about tom arnold is his marriage to roseanne barr, then you don t know the half of it. jenny craig offered me and my wife $20 million to lose 20 pounds. who could not do that? i can think of two people. he ll talk about his friendship with arnold schwarzenegger. that s tom arnold and this is piers morgan tonight. good evening. a dramatic day for rupert murdoch. hours of tough questioning coming to a sudden halt with this. murdoch slattered with a shaving cream pie, thrown by a man identified as johnny marbles. murdoch s wife, wiendi deng, leaping to his defense. more questions to rupert and his son james. louise mensch accused me not one but twice of boasting in a book that i had gotten scoops when i worked for the daily mirror. piers morgan side open until his book, clearly published before this whole controversy broke, that he had hacked phones, he said that he w ....

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CNNW The Situation Room With Wolf Blitzer July 20, 2011

right here in the united states. and a war of words between two florida lawmakers. democratic party chairwoman debbie wasserman-shultz joins me to respond to a congressman s rant calling her vile, unprofessional and despicable. i m wolf blitzer. you re in the situation room. right now, six u.s. senators are giving new momentum to talks aiming at avoiding a national catastrophe in the united states. their bipartisan compromise to slash the deficit. only 12 dpas left, president obama is due to meet this hour with house speaker john boehner and majority leader eric cantor. this just a short while after he met with top congressional democrats over at the white house. ours who correspondent dan lothian is standing by. kate baldwin has the latest. kate? polling show that americans are looking for compromise to get through this debt crisis. senators in the gang of six say that s exactly what they re offering here with their plan, but there are real questions if they can ....

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