One producing reports saying something cutting (7)
I believe the answer is:
hacksaw
'something cutting' is the definition.
(I've seen this before)
'one producing reports saying' is the wordplay.
'one producing reports' becomes 'hack' (hack can mean journalist).
'saying' becomes 'saw' (saw is a kind of saying).
'hack'+'saw'='HACKSAW'
(Other definitions for hacksaw that I've seen before include "metalworker may use?" , "7 for metal" , "Blade in a frame under tension" , "Metal cutter" , "something to cut copper?" .)