because barron, the town's police chief, no longer has a police department to run. locked in an impound lot. the police station is locked, except when barron stops in to check the mail, and all five police officers, including the chief, are unemployed, after the city council cut the police budget to zero. >> they put a bull's-eye target on law enforcement, police departments, and police departments only. >> reporter: the council furloughed the police department for at least six months to make up for a $185,000 budget deficit. some said the police hadn't raised enough money issuing tickets. >> there've been accusations that the police department wasn't generating enough revenue. well police departments are not revenue generators. >> reporter: now county sheriff's deputies must handle the calls here. but that means response times that were less than three minutes from police, are now up to 15 minutes from deputies. covering over a 1,000 square mile county. the county sheriff is among those who think chopping this police department was a bad idea. >> the last 24 hours

where you do not need quite as much funding as ever, but some of the people who today are seen as barron's -- barons started off with a pretty defined journalistic crusade in their mind, and most of the time in their own minds, it was progressive. i think that the dollars are more available than ever for people with an agenda, but the ability to spot the quality voices is a little bit harder now that they are so numerous. >> there will always be a market for investigative journalism. i do not know that it is the type of financial journalism that was referred to before, but i think that there will always be people willing to also spend the time to listen to that type of reporting or even to read it online. there is no doubt that investigative journalism will continue to flourish. simply as a longer format journalism. yes, i think that that makes a lot of sense in terms of what the audience wants, and it is probably what is also defined as for aggressive journalism. i think we should probably define our terms. what does that really mean? how is bloomberg doing progress of journalism? we may

media barron rupert murdoch's papers here thrive on selling scandal. tonight, his entire global empire rocked by a scandal of its own. one that defies all sense of human decency. "the news of the world," for years, the biggest english language newspaper in the world, is dead. a desperate move by the world's biggest media tycoon to contain a scandal that has stained his entire global empire. >> nothing to say at this stage. >> reporter: rupert murdoch, whose reporters relentlessly hound people for stories, was in sun valley, idaho, today, where he was tight-lipped. >> i'm not making any comments. >> reporter: that was left to his son and heir. >> we now know that the practices that are being discussed that we're talkingng about here were such that we've fundamentally breached a trust with our readers. >> reporter: nothing, it seems, would stop "the news of the world's" pursuit of a sensational headline. in 2002, britain was riveted by the story of 13-year-old milly dowler, who had vanished. this week, it was revealed that the paper listened to her voice

about it for me to shed some light on the issues and equal border for mother jones magazine and seth barron's way eternity in constitutional law expert any so let's go ahead new here with us. are republicans really trying to crash the economy. well if their plan goes ahead and they keep you know holding out and saying that any new forms of revenue for a debt deal off the table then yeah they are going to crash the economy i think economists part of the economists have been very clear that failure to raise the debt ceiling and let in the u.s. the fall it would be catastrophic for the economy and so if they refused to budge it certainly looks that way so this was a this debt ceiling limit was a law that was passed in the last half century of sixty one well the debt ceiling still limitations have been a statutory animal that's going around for about ninety years and it doesn't get raised frequently but it has been raised a number of times in the last ten years but it doesn't date from founding. part of the constitution it's not part of the constitution it's just it's just a statute of congress t

now today i will speak to atticus barron of the young turks about jane cougars departure from m.s. n.b.c. poll asked if the future of the media will be online then eighty percent of americans are now dissatisfied or angry with the government so how much more can they take jane hamsher of firedoglake will help us answer that question and if you like our story on the jail t.v. just one of many ways to a military projects wait until you hear about the navy's littoral combat ships we'll have all of that for you tonight including a dose of happy hour but first let's take a look at what the mainstream media has decided to make. tell the world last rupert murdoch and his son james testifying before the british parliament this week are a lot of questions to be raised about what murdoch did and did not know about the hacking the ethics of the companies under his belt and whether or not he's even fit to run those companies if you really doesn't know anything but unfortunately somebody had to try and hide rupert and well he got to use that as a big distraction. so now when the pieing attempt

what are ate shurnses that this time around those high-end tax cuts that the wealthy wall street barronsenjoyed the businesses that get our tax money like the oil companies, what assurances do we have those are going to expire and that money will be brought back as part of a shared sacrifice. >> will america default ultimately? and will so because of the tea party and their reluctant to come forward and join forces? >> i think that is a possibility the tea party will not participate and we may not get a bill to the president in time to avoid this august 2nd deadline. i believe firmly the president has the power under the 14th amendment clause 4 that he has the power simply to give an executive order to the treasury saying america is not going to default, pay the bills. it's right there in the constitution. it's very, very clear america is good for its debts, period. he could rely on that. there is probably a majority on the democratic side, a strong majority, perhaps all that are nearly willing to back him up on that. >> what message does that send to americans and what does that send to

the wall street barrons that took this nation to the edge of destruction and the wall street melt downe getting off scott free. the oil companies would continue to give them $5 billion to $6 billion of tax money and exxon made $10 billion of profit this last quarter? this doesn't make any sense. shared sacrifice has to be part of it. it doesn't look good right now. >> the way you describe things, it sounds nothing short of heinous the things put out there, from the democratic perspective. how about they agree with republicans on what's out there? >> i must say even though it's good to be up in morning and see the sun come up, every step we have seen the democratic position erode. now we seem to be in a position where there will not be shared sacrifice. there is not likely to be any increases in taxes on the wall street guys that are paying 15% on the billion income or the oil companies taking back our tax money they have been using. those seem to be off the table. that's unfortunate because that leaves us by going after the vulnerable people. the student who is need to go to school so

>> the company's founder, powerful media barron and once untouchable until this, rupert murdock forced to shut down the paper and something he's not used to doing, apologize. i am the founder of the company and i was appalled when i found out what happened. i apologize. >> today murdock apologized to the british public with advertisements in seven national newspapers, topped with the headline "we are sorry". the parent company of the fox news channel, also owns 21st century fox movie studios, the "new york post," "the wall street journal," what are pharp publishing and probably your fox affiliate, among in others. this could have dire implications not only for murdock and the people under him, but for the british prime minister himself. andy colson is also a former editor for news of the world. colson has been arrested for his role in all of this. so the question is, what did his former boss david cameron know and when did he know it. >> let me say once more, if i was lied to, if the police were lied to, if the select committee was lied to it would be a matter of deep regret and a matt

and "barron's" senior editor michael santoli has been reporting on wall street's reaction to the debtrisis. he's here with us this morning. you know, mike, you and i both talk to people on wall street. three months ago no one would have imagined it would come down to this. you've heard the doomsday scenario. what is the worst case scenario if, in fact, we default? my 82-year-old grandmother was calling me asking me if she would d t her social security check. >> that's the worst case but i don't think it's a likely case at this point. now, we're not talking about default because the government can still pay its interest and principal payments on its debt even if we have to have a limited government shutdown. the government, if we don't get a bill, will have to prioritize what it pays and what it doesn't pay, whether it's a limited government shutdown or something like that. i think the more tangible adverse result is going to be a further weakening of the economy. we basically have businesses pulling back, banks kind of marshaling their cash, and that to me is the biggest long-term ris

>> i tend to think at this point, the economy is so bad and michael barrone had an article saying that elections tends to predict the presidential election, which would not bode well for president obama either. but unless he changes his policy, i don't see a major change in the economy. this is why i think republicans are so obsessed with getting the right candidate because i think they have a really good chance, despite the advantage of incumbency. >> but who has drummed up enough interest out there for the republican party that they can actually beat the incumbent? >> obviously, my love, chris christie. we're still waiting -- >> he's not official, yet. >> but so exciting when he announces. short of chris christie. it's probably going to be romney who is a good candidate, has raised a lot of money, is a serious candidate and is very good on the economy, which i think will be the biggest issue. but the reason people are so obsessed with all the other candidates and it will keep looking like a horse race, in my opinion, it will probably be romney if christie doesn't yump in, republicans

÷$r >>> media barron rupert murdoch has gone from power broker to pariah in just a matter of days.h is widely considered a brillant and sometimes ruthless businessman. he's pushed his media property, especially newspapers to success and notoriety by featuring sometimes sensational stories. cnn's allan chernoff has more. >> reporter: as rupert murdoch's great love has always been the newspaper business, say those who knows him. he demands dramatic stories, telling reporters we will never be boring and frequently checks in with his top editors, one of whom used to be luke colasuonno. >> he's passionate about his newspapers, and along with that passion comes involvement to the day-to-day operations of his papers, particularly the bigger ones. >> reporter: murdoch's ambitions gan in his native australia inheriting his father's newspaper business. murdoch added media properties across the country and started "the australian," a nationwide newspaper and aggressively used them to support politicians he favored. overseas, murdoch's first purchase was a british tabloid, "news of the world,"

now suddenly he's on the front page himself and that's a pretty awkward place for a press barron to bearget of what they call in britain, the gutter press. dan rivers, cnn, london. >> it's not clear what if anything rupert murdoch will say when he sits before parliament at 9:30 a.m. eastern time. >> his media empire hangs in the balance many people say as does his career as news corp ceo. it leads to the question of the day and question that's central to today's hearing, do you think that rupert murdoch knew about the phone hacking? >> on facebook, benny says he owns several corporations in different countries. t there's no way he can be involved in day-to-day operation of any of them. >> peter says on our blog, don't know if he did or not. the issue should be why he created a work culture that allowed this to happen. news corp needs to be held accountable and that includes the top officers of the organization. >> and on facebook, if he knew what his company was doing, shame on him. if he didn't know, double shame on him. a lot of different comments this morning. keep them coming. >> s

john barron. >> may i press the prime minister again on the important of the talks of the taliban being nonconditional just as the talks of the i.r.a. helped to bring about peace in northern ireland. the wish to al qaeda and the taliban to sever all ties should be part of the settlement rather than a precondition to it. >> well, what i think my honorable friend is right, is clearly what matters is the end of this process. if you can get into a political process -- in afghanistan, people who separated from al qaeda, who celebrates the afghan constitution, that's a success. what you can't shade or fudge is the idea that somehow you let armed terrorists into government. you do have to have some red lines in your mind about what is a possible or appropriate. otherwise what you'll end up is not stability and is not any form of functioning state. >> thank you, mr. speaker. the prime minister will know increasingly concern about the presence of drones in afghanistan. just yesterday it was confirmed that a drone had killed four afghan civilians and injured two others. since military officials a