on this debate before it s too late. and a disturbing new study revealing a widening gap between minorities and the wealthiest americans in the wake of a devastating recession. i m wolf blitzer here in the situation room. first to what many say is shaping up to be an economic disaster of nearly unprecedented proportions if congress doesn t break the deadlock and agree on a deal to raise the debt ceiling only six days from now. the white house warning today there s no more wiggle room and beyond that date, quote, we lose our capacity to borrow. if that happens, interest rates could go up, the value of the dollar could go down. individual mortgages, car loans, student loans, and a lot more could likely suffer significantly, becoming more significant. some financial analysts are even warning of a potential stock market crash. all of that could push the united states into another great recession. let s go straight to capitol hill. our congressional correspondent kate baldwin is j
coming up, could both the nfl and washington get their deals cuts in the same 24-hour window? unlikely on the washington side. likely on the nfl side. is the 112th congress the most dysfunctional ever? this is the daily rundown only on msnbc. we ll tell you, after the break. ? oh, just booked a summer vaycay. ooo. sounds pricey? nah, with the hotels.com summer sale, you can find awesome deals for places nearby. interesting. wow, i m blown away. you look great. hotels.com summer sale, save up to 30%. and get a free kindle. hotels.com. be smart. book smart. somewhere in america, a city comes to life. it moves effortlessly, breathes easily. it flows with clean water. it makes its skyline greener and its population healthier.
deals cuts in the same 24-hour window? unlikely on the washington side. likely on the nfl side. is the 112th congress the most dysfunctional ever? this is the daily rundown only on msnbc. we ll tell you, after the break. ? oh, just booked a summer vaycay. ooo. sounds pricey? nah, with the hotels.com summer sale, you can find awesome deals for places nearby. interesting. wow, i m blown away. you look great. hotels.com summer sale, save up to 30%. and get a free kindle. hotels.com. be smart. book smart. it flows with clean water. it makes its skyline greener and its population healthier. all to become the kind of city
we begin with the resignation of a key executive in the rupert murdoch media empire. rebekah brooks is out. many people were outraged when brooks kept her job after the newspaper was shut down for scandalous reporting tactics. and as brooks steps down, the investigations ramp up. the fbi now investigating the murdoch empire right here in the united states. lawmakers demanding the probe amid reports that murdoch s journalists hacked the cell phones of 9/11 victims and their families. susan candiotti in new york with the details now. susan? reporter: hi, kyra. good morning to you. yes, this investigation is now 24 hours old. as fbi tries to figure out how they are going to approach this. all of it started, kyra, with a report in a british tabloid that a private investigator here in new york, that there was an attempt to hire him to hack into phone records of 9/11 victims and families, as well as reach out into the voice mails of 9/11 victims and families. the fbi, that appear
she shun the media spotlight or will she try to capitalize on her supposed fame? i m wolf blitzer. you re in the situation room. president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went before reporters to keep pushing raising the debt ceiling limit before the august 2 deadline. he seems to be softening his terms somewhat. let s go to the white house. our correspondent dan lothian has the very latest. he said it time for law makers from both parties to make tough choices. he says he s been willing to put entitlement programs on the table, but even so, there s no deal tonight. and some republicans are saying it s time for the president to put his own plan on the table, not make another speech. president obama still thinks the so-called big deal option is the right deal. what s important is that even as we raise the debt ceiling, we also solve the problem of underlying debts and deficits. i m glad congressional leaders