Friday News Roundup - Hour 1

Friday News Roundup - Hour 1

A panel of journalists joins Diane to talk about the week's top stories: Moody's moved closer to an unprecedented downgrade of U.S. debt amid deteriorating debt talks in Washington, President Obama's reelection campaign raised a record $86 million in the second quarter, and Senate Democrats called for an inquiry into alleged hacking of 9/11 families' phones by Rupert Murdoch's NewsCorp.

A panel of journalists joins Diane to talk about the week's top stories: President Obama called for "concrete plans" to raise the federal debt ceiling and avert a government default. Standard and Poor's says it could move to downgrade U.S. debt later this month. Fed chair Ben Bernanke warned of a "huge calamity" if the stalemate continues. Minnesota's governor and lawmakers reached a deal to end a two-week state government shutdown. The president raised a record $86 million for Democrats and his re-election campaign. Some GOP presidential candidates refuse to sign an Iowa marriage pledge. And former first lady Betty Ford is laid to rest.

Guests

Eleanor Clift

contributing editor for Newsweek/The Daily Beast.

Michael Scherer

White House correspondent, Time magazine.

Jim Angle

chief Washington correspondent, FOX News Channel.

Friday News Roundup Video

The panelists talk about the likelihood that Congress will reach a deal that would raise the U.S.'s debt ceiling before the August deadline:

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