FIRST AIRED: July 5, 2016

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COMING UP:Share Opener Variant 2



]>> A last throw of the dice in Labour's bid to oust Jeremy Corbyn. Deputy leader Tom Watson holding crunch talks with trade union leaders Tuesday. He's trying to broker a deal over Corbyn's leadership after a front bench walk out and a vote of no confidence. Labour Party lawmaker Angela Eagle has already warned Corbyn to prepare himself for a leadership contest.
>> I have the support to run and resolve this impasse and I will do so if Jeremy doesn't take action soon.>> Discontent with the veteran socialist has been simmering for months among MPs, but the crisis has come to a head since the Brexit vote. Critics accusing Corbyn of a half-hearted campaign.
Reuters' William James says, in Westminster the clock is ticking.>> The longer this goes on, the less political capital that the Labour Party can gain from the turmoil that's also going on in the Conservative Party. They don't have a leader. They've just started their own leadership contest. These negotiations getting closer all the time.
And Labour should really now be upfront and pushing their case for how they want Britain to interact with Europe.>> But Corbyn is refusing to go. On Monday, he released a video on Twitter calling on the party to re-unite.>> Now is the time to come together.>> Even if a leadership contest is triggered veteran lawmaker will be tough to unseat.
That's because party members and the unions can outvote the MPs. As the country grapples with a constitutional crisis, Labour faces a deadlock all of its own.