World News Tonight (ABC) - 2002-07-07

Name: World News Tonight (ABC) - 2002-07-07
Uploaded: 2026-01-23
Duration: 1801 s
Channel: malgent
Description: Read a transcript preview of “World News Tonight (ABC) - 2002-07-07” from malgent, uploaded on 2026-01-23.

Channel: malgent

Uploaded: 2026-01-23

Duration: PT1801S

Read a transcript preview of “World News Tonight (ABC) - 2002-07-07” from malgent, uploaded on 2026-01-23.

Transcript preview

Language: English (YouTube automatic captions)

[0:06] An unforgettable character from

[0:08] baseball's past celebrates his 100th

[0:11] birthday.

[0:15] >> [music]

[0:15] >> From ABC News world headquarters in New

[0:17] York,

[0:18] this is World News Tonight Sunday.

[0:21] >> Good evening, everyone. I'm Carole

[0:23] Simpson. This week, the Senate and the

[0:25] White House will take aim at corporate

[0:27] scandals that are shaking investor

[0:29] confidence.

[0:31] The Senate will consider a bill

[0:32] proposing reforms that have gained

[0:34] momentum since the collapse of WorldCom.

[0:38] But we begin with the president who, in

[0:39] a widely anticipated speech Tuesday,

[0:42] will outline reforms that go farther

[0:45] than those he proposed last March after

[0:47] the Enron scandal. ABC's John Cochran is

[0:50] in Kennebunkport, Maine with President

[0:52] Bush. John?

[0:55] >> Carole, ABC News has been told that in

[0:57] his speech, President Bush will propose

[1:00] criminal penalties for corporate

[1:01] executives who knowingly give their

[1:04] consent to misleading financial reports.

[1:08] When the president has not been taking

[1:09] it easy here with his family, he has

[1:11] worked on drafts of that speech. A

[1:13] speech aimed at those hurt the most,

[1:15] like Shawn Riggins, caught in the

[1:16] meltdown at WorldCom.

[1:18] >> This was all mismanagement. The economy

[1:19] was going to have its effect either way,

[1:21] but mismanagement is mismanagement. And

[1:23] what everything that's coming out now is

[1:24] showing mismanagement.

[1:26] >> Today, Democrats tried to direct the

[1:27] public's anger at the president.

[1:29] >> I don't think the administration is

[1:31] doing enough today, and I hope that they

[1:33] will join us in supporting tougher

[1:34] enforcement.

[1:35] >> A recent ABC poll giv