>> it got all the way up to governor corzine's cabinet. but you're right, it started very low and that was because it basically was a chain. he had to go from person who knew the next person who knew the next person. >> he worked at this pretty feverishly? >> absolutely. >> everyday? >> not only everyday but what we did at one point was we took all of the criminal complaint that hadn't been released and put it into a database and made ourselves a little chronological timeline to see what he was doing. and it just blew our minds at one point where we are seeing he is meeting five, six people on the same day going from williamsburg going to brooklyn, back and forth, back and forth. >> he started one day i think early afternoon with meetings, and within a couple of hours it seems like sometimes the park we had gotten compressed in his day. he wound up in jersey city having a meeting what is getting another bad guy. i'm not going to talk about how fast i tried to do. are there any cops in the room? all right then, i didn't say that. >> when he

>> jon corzine! >> gold is goldman sachs! is this legislation or reasonable facsimile gets passed by both houses of congress, will it be an historic event, pat. >> i think if they got the obama big deal be historic. i don't think they'll get a small deal. i think they're going to get some baby cuts and increase in the debt ceiling. >> eleanor? >> if they increase the debt ceiling, okay, disaster averted. but it's hardly historic. >> you'll get a fizzle and it will happen probably august 1. >> if they got a 4 billion- dollar or 4 trillion cut in expense to go with me, it would run! >> do you walk this fast all the time? >> only when i'm running away from you guys. >> media tycoon rupert murdoch didn't only deliver the news this week. murdoch was the news and continues to be the news. the owner of the news corp, a $32 billion media con gone rat, is in the eye of a whirl storm. the rap is hacking. murdoch's journalists have been hacking into the cell phones apparently of the owners and users of those phones. police reports say t

let's get perspective from john corzine, former democrat governor of new jersey and before that u.s. senator and ceo of goldman sacks. currently he runs the investment firm. carley fiorina, vice-chairman of the republican senatorial committee, a campaign advisor to john mccain, before that ceo of hewlett-packard. thanks so much for joining us. carley, you heard some of the sound bites. some of these revenue suggestions like ending that corporate jet perk seems to make its way into every speech. it seems like it would be pretty uncontroversial. but it seems like some of your fellow republicans are drawing a hard line on any revenue-raising proposals whatsoever. do you believe as a starting point we can make a dent without doing that? >> well, i think first of all with regard to the rhetoric of millionaires and billionaires, the problem is when you look at the fine print what democrats are really talking about is raising taxes on a family that makes $250,000. and if you're a nurse and a fireman raising two kids you don't feel very wealthy right now. so i think that's the problem. the r

let's get some perspective now from jon corzine, former democratic governor of new jersey, before that a u.s. senator and ceo of goldman sachs. currently he runs an investment firm mf global holdings limited. also carli fiorina, advisor to republican senatorial committee. also former senior campaign adviser to john mccain and before that ceo of hewlett-packard. let me start with you carly. you heard those sound bites. it seems like ending the corporate jet tax hike would be uncontroversial, but it seems like some of your fellow republicans are drawing a hard line on any revenue-raising proposals whatsoever. do you believe we can make a dent without doing that? >> i think first of all with regard to the rhetoric of millionaires and billionaires, the problem is when you look at the fine print what democrats are really talking about is raising taxes on a family that makes $250,000. and if you're a nurse and a fireman raising two kids, you don't feel very wealthy right now. so i think that's the problem. the rhetoric doesn't match the reality. i think, however, for americans one of the fru

jon corzine says this may have to happen. >> the problem with a mini deal is that we have a maxi problem. >> he blasted an idea that the u.s. constitution empowers the president to keep on spending even if uncle sam goes over the credit limit. brian moore, wbal-tv 11 news. >> the 14th amendment says the debt of the government shall not be questioned. if lawmakers cannot reach an agreement, democrats hope president obama will use that clause to can see to pay the nation's debts. the inner harbor is gearing up for the fireworks display. kim dacey joins us live with more on what we can expect. >> it has been a weekend full of celebrations. tonight is supposed to be the grand finale here at the inner harbor and give all of baltimore's visitors a great show. >> baltimore! >> these folks from the midwest are in town for a family reunion, just in time for the inner harbor fireworks show. >> we're going to show them that we have the best fireworks in the world. >> crews worked on sunday to get the artistic explosives in place. they sit on barges docked in curtis bay. about 1,400 shells will shoo

to tune in tomorrow, shannon bream hosts sunday's fox news sunday and sit down with senator john corzineand thank you for watching the fox news channel. we report, you decide. make it great 4th of july holiday, have a wonderful weekend everybody, thanks for joining us.

when i was president, i appointed governor corzine, who was then in the private sector, to a commission to look at whether we ought to have an investment budget in america and i still would like it revisit that. i wouldn't have any problem with a balanced budget amendment to cover current expenditures only and was suspended whenever there was a recession. but a national government has to be able to spend in a recession to overcome the collapse of private investment. >> you said this week at your conference that there's $2 trillion sitting on the sidelines right now, the banks, corporations, individuals have. they're just sitting on it because they're nervous about using that money, investing it to create jobs. >> corporations have $2 trillion in cash that they have not yet committed. american corporations with world operations, they haven't committed to overseas operations or to give back either in the form of dividends and shareholders or compensation to management and employees. they want to spend substantial amount of that money here, but they haven't yet. the banks have more than $2

let's go to julie, former communications director with senator corzine turned governor corzine. voor for president george w. bush and rick newman, chief business correspondent for "u.s. news & world report." good move? >> probably paying ok because people aren't paying attention to the details of what's going on. it's clear that people want this problem to get involved but we got to remember this was reagan's prime initiative when he came into office in the 1980's, you know, lower taxes, reform the tax code. that's what he came into office to do and shrink spending and that's not what obama came into office to do. obama didn't come into office saying my main priority is to get the debt under control. >> why bring up reagan? >> he ignored it for a long time. >> first of all, you know, i don't know what reagan came into office to do. he did raise taxes 11 times and he did support raising the debt limit 18 times so ronald reagan today would have been trounced out of the republican party. these guys don't want a ronald reagan kind of republican. they've moved so to the right ronald

governor cristie newly elected to that job after replacing john corzine the democrat has been widely seen in republican circles as a presidential contender. he continues to deny that he is interested running for president in 2012 but at the same time he is making appearances in iowa, a very important presidential state. let's check in with the head of our fox news medical a team dr. manny alvarez. dr. manny i wasn't aware that governor cristie apparently has asthma already, but this would not be unusual, i suppose, or an asthmatic to occasionally have trouble breathing? >> no, absolutely not. if he has a history of asthma, with the weather that we've been having, of course with his work schedule, it's not unusual to get an asthma attack. one would assume that, you know, he would take medication to make sure that he doesn't have any kind of attack. i think it's very prudent that they took him to the medical center in new jersey right now, because if it's not asthma, then you have to rule out any kind of cardiopulmonary incident. that being said he could have a pulmonary emboli or card