deadline is around, they need to start shaking hands. it is going to take some time to unwind the positions people have set out there. there s been a lot of hot and heavy rhetoric out there saying i m never going to vote for a debt increase. this is totally unacceptable. they have to climb down off that perch and explain that to their own supporters. obviously count enough votes the legislation itself doesn t take more than about ten minutes to pass. it s not a complicated piece of legislation. but all the theatrics around it will take some time to unwind. richard, we look at these talks from the outside. we sort of wonder what are they like? they re an hour and a half long, hour, two hours. what s happening in these meetings themselves? do you have any understanding? there is a lot that people have already debated and put out there. one thing that happens in these talks is a running through of what they previously agreed. to what they could agree to more if the other side gives up
not doth justice. amongst all that crisis there s murdoch s son, he issued a statement. james saying quote, the company has made mistakes. it is knoll only receiving appropriate scrutiny but is responding to unfair attacks by setting the record straight. so as we look at this, james murdoch are we expecting him to also step down? well, there s right. he s issued that apology. of course, rupert murdoch will be absolutely determined to protect his son. there have been so many resignations even yesterday by one executive who rupert murdoch treated like a daughter. people are asking whether james murdoch will be next. he was involved in trying to deal with the scandal over the last few years. richard, incredibly there are even some suggestions here that mr. murdoch could lose control of fox tv if his people are found to have breached u.s. bribery laws. the unraveling continues. the latest for us. thank you.
irresponsible for us to continue to spend at the rate we re spending. i want to share something new with you. a new poll that shows independent voters are not against raising the debt limit. only spending cuts 26%, tax increase on wealthy corporations 66%. they re for tax increases. yet that is off the table right now for the gop. it s not off the table. in fact, our budget quite frankly called for the house passed budget called for tax reform that we thought would grow revenue. we take a different approach on how to grow revenue. we think the best way to grow revenue is by reducing loopholes closing some of the tax loopholes in the tax code. lowering the rate much like what president obama called for in the state of the union address. we think that would increase revenue boo the treasury. thank you so much. thank you very much, richard. coming up at 10:30, we ll hear from congressman jim
substantially the congress saying we ll allow you to raise the debt and pretend like we haven t done it. thank you so much. i appreciate your time. thanks, richard. after the week of drama the debt ceiling debate is starting to look like an episode of an afternoon soap opera. as the deadline looms who will blink first? plus, extra heat is turning into an unforgiving summer in some parts of the country and it could be spreading. that s next on msnbc saturday. nnouncer ] where d you get that idea? how d you learn to do that? what d you use? every project we finish comes with a story built-in. it s how our rough ideas become you did that yourself? so when we can save more on the projects that let us fix, make, and do more. that just makes the stories even better. more saving. more doing.
at all after these civil lawsuits in the past few weeks. there s people seeking money for trying to find caylee for when she was not missing. she was already dead. there was a civil lawsuit filed by a woman a defamation suit. she claims that casey anthony ruined her life. she lost her job and home after casey anthony used her name to say this was the person responsible for kidnapping caylee. and other lawsuits that have come and might even come down the road. her attorneys are telling her now that there s a trial in sight after you appeal, she can plead the fifth amendment and not have to testify. she has that appeal. she s got all those civil lawsuits that she ll have to consider as well in. the next 24 hours, but the next time tomorrow this time she would be free. that s right, richard. we don t know what time she ll be released. it could be anywhere after midnight as the date is tomorrow. however, we do expect that it will happen some time in the early hours of the morning.