he s also ordering lawmakers not to try to undue budget cuts that come as a result of the committee s failure. western powers are stepping up sanctions against iran after fears the country may be working on a nuclear weapons program. canada is banning all financial transactions. britain has ordered all financial institutions to stop doing business with iranian banks. the moderate father of a murdered british teen testified monday. they testified of phone hacking by the news of the world gave false hope she was alive. outrage over the scandal forced the closure of the tabloid in july. those are the headlines from cnn. world business today starts now. it s 9:00 a.m. here in london. i m nina dos santos. and it s 5:00 p.m. in hong kong. i m andrew stevens. you re watching world business today . these are our top stories today tuesday, november 22nd. no deal on debt reduction. the super committee proves it s anything but. tear gases and tensions in south korea. a
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hikes. consumers are moving their money out of big banks today. grass roots movement caught fire. and julie bander asis live in new york city with much more on all of this. julie? yeah, already some 650,000 big bank customers have pooled their money out of these big banks behind me and transferred them in credit unions. in fact bank much america was the reason the thing got started after a woman postod facebook and got tens of thousands of people to agree to do the same. this was all sparked after bank of america announced it has cancelled 500 dollar monthly debit card fees and so far 4.5 billion have been removed in big banks and according to a new survey out of credit unions.
gregg: hello, everyone. i m gregg jarrett. glad you re with us. heather: i m heather childers. welcome to a brand-new hour inside america s news headquarters. topping the news this hour, greece on the brink of economic chaos and now their financial troubles are threatening europe and the u.s. economic recovery. gregg: a lesson in crisis management of weathering a political storm has herman cain still stays atop a series of polls. can he put on hold the old allegations of sexual harassment? heather: and fed up with big banks and fees. many americans opting to pull their money out of some of the country s biggest banks today. where they say you should put your cash.
rooney s funeral will be private but a memorial service is expected to be scheduled. former heavyweight boxing champ joe frazier has liver cancer. frazier s manager says the 67-year-old is seriously ill and currently in hospice care in philadelphia. he was diagnosed just last month. fight fans will remember that frazier was the first man to meet muhammad ali back in 1971 but then he lost two later bouts with ali. thousands of connecticut power and light company customers can expect another cold night without service. that freak fall snowstorm that hit the northeast last sunday left hundreds of thousands of homes and businesses in the dark. and as of this morning, some 215,000 of them are still without power. the utility vows 99% restoration by tomorrow night. and a little more breathing room for greece which has been teetering on the verge of bankruptcy. prime minister george papandreou met with the country s president said just hours after narrowly winning a vote of