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Transcripts For CNNW In The Arena 20110722

overhaul of the entire tax system. here s the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh s radio show. rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. no deal, no deal, no deal. now, here s the white house spokesman jay carney. there is no deal. we are not close to a deal. we are obviously, the president is in discussions with all the leaders of congress as well as other members, and exploring the possibility of getting the best deal possible, which is something he s held for a long time now. we ll go live to washington in just a moment where nerves are frayed, anxiety is high, and confusion clearly reigns. first, here s some of the other stories we ll be ripping into tonight. the hacking scandal just keeps spreading. with charges of eavesdropping, bribery, and something called bl bl blaging. the mu

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Transcripts For CNNW Piers Morgan Tonight 20110722

downgraded, every interest rate in america will go up. two senators, democrat and republican, who think they ve found a way out of this country s $14 trillion debt crisis. and a man who has strong opinions on just about everything, from casey anthony to president obama, to harry potter and the space shuttle. what will he say tonight? i ll ask the opinionated new voice of the new york times. this is piers morgan tonight. good morning. time magazine calls prince alwaleed bin talal the arabian warren buffett. when he talks, the business world listens. tonight prince alwaleed bin talal joins me from the four seasons in paris where he s on vacation, to share his unique perspective on america s debt, the middle east, and the news corp. scandal. your highness, thank you for joining me. let me start right from the top by asking you of your impression of america s economy right now. where do you think it is? where can it get to? and what is your advice to the guys in washing

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Transcripts For CNNW In The Arena 20110721

way. today s cry for outrage go to democrats. of maryland who here s a surprise, doesn t like the proposed cuts in social programs. once again, the radical right is more worried about protecting their next election than protecting the greatest generation or investing in the next generation. what a sham. what a scam. i d be tempted to just blow it off if it were not so cruel, stupid, and dangerous. and now tonight after all of these accusations and whining, we re hearing the whole mess may end not with a bang but with a whimper. you absolutely will not believe it. i ll talk to two of the smartest people i know in a moment. but first a look at the other stories tonight. fireworks in the house of commons. first it was the murdochs, today it was britain s prime minister. david cameron faced his critics but will he keep his address? and in somalia, millions of children facing starvation. will help reach them in time? a look at the face of famine. then after months of nam

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Transcripts For CNNW Piers Morgan Tonight 20110720

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 won sco

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Transcripts For CNNW In The Arena 20110720

do you accept that ultimately, you are responsible for this whole fiasco? no. you are not responsible? who is responsible? the people that i trusted to run and then maybe the people they trusted. the murdochs did their best to distance themselves from the worst allegations, but the question still remains what exactly did they know? and what actions did they condone? one lawmaker thinks they know more than they let on. are you familiar with the term willful blindness? mr. sanders, would you care to elaborate? it is a term that came up in the enron scandal. willful blindness is a legal term. if there is knowledge that you could have had and should have had, but chose not to have, you are still responsible. mr. sanders, do you have a question? respectfully, i don t know what you d like me to say. my question is are you aware i m not aware of that particular phrase. now are you aware of the term because i ve explained it to you. thank you, mr. chairman

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