>>> from america's news headquarters imi'm marianne rafferty. irene has been downgraded to it a post tropical cyclone, prompting forecasters to call off all storm warnings for the east coast. a tropical storm warning still in effect for parts of can that. the storm is packing winds of 50 miles per hour and now 105 miles south of quebec cit. >>> asian markets rising monday three days after ben bernanke predicted long-term economic growth. japan's nikkei rising 0.7% and south korea up 2.9%. on friday bernanke didn't announce any new stimulus plans but left open the possibility if another recession looks likely. i'm marianne rafferty. now, back to "geraldo at large." for all the latest headlines, go to fox news .com. >> the real issue we are going to have to deal with now is flooding. this storm is transitioning flooding event. some rivers haven't pressed it yet it is still remaining. we are prepared for what that means for shelter transportation infrastructure and positions with urban search and rescrescu michael grimm republican staten island on

>> from america's news headquarters, i'm marianne rafferty.n jess of child sexual assault. the head of the fundamental church of the church of latter day saints took a bribe for a 15-year-old in a spiritual marriage t. comes after a raid of the remote west texas ranch. he faces up to life in prison. a report of a possible gunman at virginia tech shutting down campus for five hours on thursday. three teens reported seeing a man walking quickly with what may have been a handgun covered by a cloth. police issued a stech of the man they were looking for and searched, but found no sign of him. i'm marianne rafferty. now back to "on the record." for your latest headlines, go to foxnews.com. now back to on the record. >> greta: sizzling summer in wisconsin. days from headed -- from heated recall elects. remember a couple months ago protesters swarming the state capital? how about 14 senators who fled the state and hid out in illinois? apparently people are still angry. six senators are facing recall elections days from now. they have new back-up, the

. >> from america's news headquarters, i'm marianne rafferty. people are dead and a fourth is missing after flashfloods submermged several cars on friday. the city was drenched with up to 3 inches of rain in an hour, catching many motorists by surprised. all three victims were found in the same minivan. the storms cut electricity to hospitals and universities. libyan rebels say muammar al-qaddafi's former number 2 man has defected who helped propel muammar al-qaddafi to power in a 1969 cue, reportedly fled to a rebel-held area and is on the way to europe. troops have launched a fierce counter-attack on a western-held city, just 30 miles from the capitol of tripply. i'm marianne rafferty. now back to fox news reporting: dick cheney revealed. for the latest headlines, go to foxnews.com. >> welcome back to fox news reporting: dick cheney revealed. the 9/11 attacks changed the world. america's response to them would define the bush administration. if anyone was prepared for such a shattering crisis, it was disik cheney. it was dick cheney. >> i was

. >> reporter: i'm marianne rafferty. u.s.n today ending a fourth straight week of losses on wall street. major indexes fluctuating throughout the day accelerating declines by the nasdaq sliding 1.6. u.s. recession fears and worry over the financial health of european banks blamed for the volatility. >> three arkansas men in prison since 1993 for the murders of three cub scouts the so-called west memphis three an tkwraoeg to a plea today. they were allowed to plead guilty to murdering the 8-year-old boys in exchange for time served. the deal ending a long running legal battle that raised questions about dna and key witnesses. i'm marianne rafferty. now back to fox news reporting: dick cheney revealed. >> bret: welcome back. the 9/11 attacks chained the world. america's response to them would define the bush administration. if anyone was prepared for such a shattering crisis, it was dick cheney. >> i was in my office in the west wing in that first hour. radar caught sight of an airliner heading toward the white house. secret se

i am marianne rafferty now back to geraldo at la te.s.com., >> into his basement as he shows us just how deep the water is there. ie whs really rs mething else. i mean he's got his handsful. it's not just his house. there are a number of homes and businesses where you can see the water is somed at feet deep th. n new jersey where sharon crowley whose voice you heard is holding to oorth. she is a reporter in our station here in new york and in emergecone$ s jersey. sharon andre as it pretty miserably. is he a rare case or are there many more leabe it? >> i am on the west side of hoboken and a lot of hom hiwners with the first floor apartments have the same situation happening in their basement. as do a nneber of businesses on the main drag there and some of the side streets. we can hear the pneps trying to nnmp the water out of the basement so they could open again. gou can get a litity.e perspece ie whs dark. you can see water covering where we are on first street here. eiark avenow te you can see thes still water all of the way down to

i am marianne rafferty. now back to huckabee. for the latest headlines go to fox nows.com.leading up to the deadlock. politics blaming each other and blaming them for the consequences ultimately before a debt deal was reached. what was the point of the drama if the credit rating was going to be down anyway. congressman, it is good to have you. >> linn, i got to say, mike, did i not get it right, last week? we have to stop meeting like this. i thought it was ground hog day. huckabee wants you if again. >> mike: we only bring back the ones that nail it. one of the reasons we want you to come back, we'll talk about how much of the back and forth and indeceasiveness that was going on in washington affected the decision bystandersard and poor's. >> it played a role and early inications that it might happen. the president suggested it might happen. i think we have learned a lott and a wake-up call. we can't tinker around the edges. we have to be bold and strong and the statement that came from the president from my perspective an endorsement of our republican budget that we passe

i'm marianne rafferty. now back to on the record. >> greta: sizzling summer in wisconsin.ecall elects. remember a couple months ago protesters swarming the state capital? how about 14 senators who fled the state and hid out in illinois? apparently people are still angry. six senators are facing recall elections days from now. they have new back-up, the tea party. joining us is chairwoman of the tea party express, amy kramer. why did we decide to jump into this one? >> thanks for having me. we've decided to jump into it because we want to support these conservatives that are being recalled. usually politicians are recalled for not doing their jobs. these guys have done their jobs. they are doing what the people sent them there to do. that's to balance the state budget. they've done that. now they are being targeted and it is not right. so we are here to support them. >> greta: what is this going to entail? you are getting on the bus and traveling, where are you going? >> we feel this is so important we've gotten involved in these elections which we usually don't get involve

. >> from america's news headquarters, i'm marianne rafferty. in japan and china getting ready to close after a dave sharp losses around the world. the nikkei index plummeting 168 points or 1.8%. the shanghai composite down 36 or 1.4%. global markets concerned over the renewed worries of europe's barks. another music festival turns deadly after a massive storm in eastern belgium. at least three people are dead and more than 70 hurt after high winds brought down structures at the fest fal. the foo fighters and eminem were scheduled to perform. now back to "on the record." for your latest headlines, go to foxnews.com. discontinue its smartphone and certain other products. >> greta: will special interest groups muscle into the super community and get deals you will never get? know one wants to get cut. there could be and will be lots of lobbying. joining us liz mcdonnell. liz, how do we determine who might have a special deal, special access? what is the money story? >> money story came from a nonpartisan watchdog group that looked at information o

i'm marianne rafferty. now back to on the record.ll have the latest as well as your latest headlines. log on to foxnews.com. you are watching the most powerful name in news, fox news channel. ♪ ♪ ♪ ♪ ♪ >> greta: many are pointing fingers at president obama. they say his economic policies are failing us and he bungled the dell sealing debate many what do the people -- the debt ceiling bay. what did the people who want to take over the job and what would they do if they were in the office? >> we needed to balance the budget and limit the size and scale of the government. what they did with this proposal was kick the can down the road. everyone knows the cuts in the first two years are small. those are the own ones that can be controlled. in two years there maybe a new congress. hopefully, a new president. maybe we can get more if this president is reelected those cuts are not going to take place. you have this promise of maybe somebody coming forward with a bill that will reduce the deficit more. if it doesn't you are going to cut defe