We have mapped the proto-binary source IRAS 16293-2422 in CO 2-1, 13CO 2-1, and CO 3-2 with the Submillimeter Array (SMA). The maps with resolution of 1.5-5 reveal a single small scale (~3000 AU) bipolar molecular outflow along the east-west direction. We found that the blueshifted emission of this small scale outflow mainly extends to the east and the redshifted emission to the west from the position of IRAS 16293A. A comparison with the morphology of the large scale outflows previously observed by single-dish telescopes at millimeter wavelengths suggests that the small scale outflow may be the inner part of the large scale (~15000 AU) E-W outflow. On the other hand, there is no clear counterpart of the large scale NE-SW outflow in our SMA maps. Comparing analytical models to the data suggests that the morphology and kinematics of the small scale outflow can be explained by a wide-angle wind with an inclination angle of ~30-40 degrees with respect to the plane of the sky. The high resolution CO maps show that there are two compact, bright spots in the blueshifted velocity range. An LVG analysis shows that the one located 1 to the east of source A is extremely dense, n(H_2)~10^7 cm^-3, and warm, T_kin >55 K. The other one located 1 southeast of source B has a higher temperature of T_kin >65 K but slightly lower density of n(H_2)~10^6 cm^-3. It is likely that these bright spots are associated with the hot core-like emission observed toward IRAS 16293. Since both two bright spots are blueshifted from the systemic velocity and are offset from the protostellar positions, they are likely formed by shocks.