money and influence. how deep does that run? take a look. the television empire, fox with its news programming is part of his world. 20th century fox was huge, hit films. in publishing, new york post, wall street journal, what he has in print, along with harpercollins publishers limited, books like sarah palins, all part of the empire of rupert murdoch. we will dig much deeper into the rupert scandal and one of the senators calling for an investigation. first, one of the other stories we re following tonight. the other barack obama. a new book reveals astonishing information about the father of the president. it opens a new window into the heart and mind of his son, and who is thaddeus? a conservative who plays an electric guitar, quotes l.e.d. zeppelin on the house floor and running for president in a crowded field. can he rock out? then, think the debt ceiling debate is a joke, so does paul. you re speaking like a conspiracy theorist. it s not conspiracy, reality
investigation of rupert murdoch s media empire as the company pays a new price for its phone hacking scandal. could a massive probe now under way in britain happen here in the united states? and the obama money-maybing machine. who s behind the cash and can the republicans compete? president obama and the congressional leadership are under enormous pressure right now, about 40 minutes into their latest round of debt crisis talks. they haveless than three weeks until the deadline to raise the legal limit on the federal debt. and by all accounts, they re still very far apart. what if anything emerges from this meeting? consider the very dire warnings from the chairman of the federal reserve. ben bernanke using very strong words today, telling congress that the global financial system would be thrown into enormous disarray. that s a direct quote, if the u.s. treasury is deadbeat on its debt. ff we went so far as to default on the debt, it would be a major crisis. the treasur