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opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we'...

welcome, everybody. it is friday, july 15th. i'm soledad o'brien. you are watching snoonk kiran is off, christine is off, welcome soledad. good to see you. >> thank you. we have a lot to do today. let's get right to it. serious new pressure on rupert murdock and his global media empire. the justice department says it's now investigating the claims that one of its tabloids tried to hack 9/11 victims' phones. a report in another british tabloid, "the mirror" quoting a source who says "news of the world," the newspaper which folded under the pressure of the hacking scandal, hired an inv...

i tell him? >> sure. >> it is june 18th. >> june the 18 pth this year, saturday. >> sadly, we know how that worked out. hef breaks his silence on the runaway bride. and he'll be introducing me to his new loves. this is "piers morgan tonight." casey anthony will be a free woman in days. sunday she'll be released after being found not guilty in the death of her 2-year-old daughter caylee. joining me now is the woman who was at her side throughout that infamous trial. attorney dorothy clay simms. when i say infamous, it's attracting so much attention. so much speculation. and as you wil...

a democratic source telling it differently, saying the president challenged mr. cantor for what the source called" talk out of both sides of his mouth". they'll be back at the table tomorrow. the stakes could not be higher. moody's today put america's credit rating on review hinting at a possible rating drop. ben bernanke says defaulting on the debt would be catastrophic. jessica yellin is at the white house with what her sources are telling her. what have you heard from these differing accounts? >> reporter: democratic sources say that bottom line is that the president was schooling...

hammered with angry questions. egyptians take security into their own hands. even some children are armed with illegal guns. the revolution giving way to a wild west mentality. i'm wolf blitzer. you're in "the situation room." the united states is another day closer to a possible default on its debts. 19 days before the deadline there's no sign that political leaders are any closer to preventen an unprecedented and frightening train wreck. right now members of congress are in the fifth straight day of talks aimed at raising the debt limit. the frustrations and tempers have been l...