but the republicans are urging him to get specific. exactly. we ll have to wait to get specific about cuts. this package right, the president is calling for $4 trillion, standard & poor s is calling for $4 trillion. that s the number, the simpson-bowles commission calls for $4 trillion. great job. i appreciate the hot debate taking place throughout the week. thank you. thanks, brian. brian, thank you, wow, that was a good one. that was a very heated debate. still no deal reached on the debt ceiling as the august 2nd deadline approaches. what effect is it having on your money? stuart varney will be here to break it down. yep, he just went through my purse. meanwhile, the congressman vs. the armed intruder. wait until you hear how this 77-year-old lawmaker from iowa fought to protect his family during a terrifying home invasion at the family farm. ini
issue, we have a proper police investigation, a proper inquiry into what went wrong at news international and news of the world and proper arrangements for the future, so that the contact between journalists and politicians is far more transparent than it is today. reporter: now, cameron is clearly feeling the heat. he s cut short his africa trip, postponed the parliament summary by at least a day so wednesday he can answer some of the barrage of unanswered questions related to this growing scandal. thomas. we ll see if any more light is shed on this tomorrow. jim maceda in london for us, jim, thanks so much. well, the debt debate is still on the front burner in washington, but we re no closer to a deal as the august 2nd deadline approaches. house republicans are pushing their cut, cap and balance approach while minority leader mitch mcconnell works with harry reid on a contingency plan. the president s top advisers are assuring americans that their boss is still aiming for major
mcdonald s and big banks this week. those are supposed to be good. companies are making a lot of money but americans aren t necessarily doing very well. the debate right now is how worried are we about europe versus the u.s. we, of course, have the august 2nd deadline but also there are some people saying that europe, they might need a t.a.r.p.-type situation to solve their entire problem. so there s a lot of nervousness in the markets all across the world and you re seeing that in stock prices today. the old proverbial profit-taking as well. thank you so much. a new look at the u.s. sex industry and a new study on the customers who keep business booming. some groups estimate as much as 80% of men have paid for sex. but for every john that s arrested, as many as 50 prostitutes are put behind bars. what these johns don t realize or maybe choose to ignore here is that many prostitutes are victims of human trafficking and viewed as sex slaves, regardless
york. glad you re with outside this monday. it s july 18th. a lot going on. nice to see you as well. nice to see you. christine s still off, i guess. two more casualties in the uk hacking scandal leaving rupert murdock s empire reeling this morning. rebekah brooks arrested. reported friday she had resi resigned. she s been released on bail. it s not clear if she ll testify tomorrow. last night in a shock move that has left scotland yard for accepting almost $20,000 in hospitality from a private health clinic after he had yound yund gone surgery. that health clinic was represented by a p.r. firm owned by former editor of the news of the world. this picture is building up. this cozy relationship between the police and senior executives at news of the world. that made his position very difficult. he decided to step down last night. insisting all the while he had done nothing wrong. the issue of my integrity, let me set clear that i the the people that know me know my i
danger here in terms of the value of the dollar, the value of our credit rating is not so much whether we go past the august 2nd deadline. if we re gridlocked it will last for a few days. they will pass a debt ceiling. the real issue with respect to what you re talk b-credit rating, the value of the there are, all of those are related to whether or not the president and congress can come together and make a deal that has a credible deficit reduction and spending reduction plan. if not, i think a lot of the people in the united states and global investors around the world will have concluded that the united states is incapable of dealing with the debt crisis and i think that s the real danger here. steve, one sentence answer on this. s&p, moody s, credit rating, downgrade on the united states. big deal, not a big deal? those are the people that gave aaa bond ratings to the bond mortgages two days before