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Watch Newsnight online: Episode 144 29/07/2011

Two newspapers have been fined a total of £68,000 for breaking the law when reporting the investigation into landscape architect Jo Yeates' killing, and eight have paid out for libel. Meanwhile, lawyers for the private investigator Glenn Mulcaire have issued a statement saying he "acted on the instructions of others". So why does anyone bother with newspapers anymore? On tonight's Newsnight, our Political editor Michael Crick reports on the state of the British tabloid press. And as US Republican leaders scramble to rescue their deficit-cutting bill hours after a vote on it stalled because of a revolt from members of their own party, we'll be joined by Sharron Angle, the Republican Senate Candidate for Nevada in 2010, and leading Tea Party figure.

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