parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch s media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he s 4 surgery. those are the headlines. those are the headlines in cnn in london. world business today starts now. very good morning to you from cnn rome. and good afternoon from cnn hong kong. i m pauline chu and this is world business today. these are the top stories on this thursday, july 14th. running on empty and running out of time on both sides of the atlantic. there s a tense stalemate in washington as lawmakers fail yet again to head off the looming debt default. meanwhile, italy races to push through austerity measures and restore confidence in the country s economy. plus, rupert
and republican senator kay bailey hutchinson told cnn that is the one where we have got to see reforms before the debt ceiling is raised. congress sets the cap on how much money the federal government can legally borrow. the first limit was set in 1917. and now the situation is worse than it has ever been. it s one of the few breaks that we have in the system, and there really shouldn t be an open ended credit card for congress. the credit card limit stands at $14.295 trillion and is getting close to maxing out. the current debt stands at $14.211. at the rate that the government is spending, the government will hit its limit but the treasury department will extend the cap until july and the u.s. is different from other countries,