with us, republican governor of ohio john kasich, chairman and ceo of honeywell, david cote, former mayor of new orleans, now president of the national urban league, marc morial, chief economist for mesirow financial, diane swonk, and host of cbs nbc's "strategy session," david faber. captions paid for by nbc-universal television >>> breaking news this morning. there are reports that former "news of the world "newspaper editor in britain, rebekah brooks, was arrested this morning in connection with the phone hacking and police bribery scandal in great britain. there are some calls for the justice department here in the united states to step up its investigation of parent company news corporation. meanwhile, in washington, the president this weekend tried to keep pressure on congress to reach an agreement on a deficit-cutting deal as the august 2nd deadline to raise the debt ceiling nears. >> i've put things on the table that are important to me and to democrats, and i expect republican leaders to do the same. >> as deliberations continue, there were no face-to-face talks this weekend, and

panel this morning, republican governor of ohio, john kasich, and chairman and ceo of honeywell, david cote. president of the national urban league, marc morial, economist diane swonk, and cnbc's david faber. our jobs summit, coming up. [ speaking native language ] [ speaking native language ] [ moans ] [ speaking native language ] ♪ [ speaking native language ] [ male announcer ] doctors have been saying it forever. let's take a look. [ male announcer ] but they've never actually been able to do it like this. let's take a look. [ male announcer ] v-scan from ge healthcare. a pocket sized imaging device that will help change the way doctors see patients. that's better health for more people. ♪ to build a new generation of airplanes to connect the world. ♪ airplanes that fly cleaner and farther on less fuel. and make nonstop travel possible to more places. ♪ [ female announcer ] around the globe, the people of boeing are working together -- to bring us together. that's why we're here. ♪ >>> coming up, ohio governor john kasich, marc morial. [ speaking spanish ] and david cote, all here to we

. >> david roughly? >> in 2003, cote leaders bought an investigation into the practice by journalists of making illegal payments to the police. would the prime minister agree with me that former labor ministers should be instituted by the inquiry to discover why they appeared to take no action at all at the time? >> my hon. friend makes a good point but we will try to get this right, we all have to put our hands up and say the last government should have done more to respond to the rich and thomas report but we also have to ask what wasn't the opposition press in them more to do so? we all have to ask questions on that basis and look through the reports and see what was the evidence and what more could have been done. we are never going to solve this if we do it on a party basis. we have to do it on across party basis. >> if these measures are carried out there and i think some good will come out of evil and it's an embarrassing position of being able to command all three for coming together to make sure this happens. so

. >> david roughly? >> in 2003, cote leaders bought an investigation into the practice by journalists of making illegal payments to the police. would the prime minister agree with me that former labor ministers should be instituted by the inquiry to discover why they appeared to take no action at all at the time? >> my hon. friend makes a good point but we will try to get this right, we all have to put our hands up and say the last government should have done more to respond to the rich and thomas report but we also have to ask what wasn't the opposition press in them more to do so? we all have to ask questions on that basis and look through the reports and see what was the evidence and what more could have been done. we are never going to solve this if we do it on a party basis. we have to do it on across party basis. >> if these measures are carried out there and i think some good will come out of evil and it's an embarrassing position of being able to command all three for coming together to make sure this happens. so