verdict that is letting anthony go free this weekend. i want to welcome our viewers in the united states and around the world. i m wolf blitzer. you re in the situation room. one of the world s biggest media empires in crisis now. rupert murdoch publicly apologizing for serious wrongdoing and is now the front tabloid, the news of the world. the new ad in british newspapers coming days before he and his son are scheduled to face members of parliament. our correspondent brian todd and allan chernoff are standing by. first to london and our senior correspondent don rivers is standing by. are people in london, dan, still as shocked as they were over these past few days? reporter: i think so, yeah. i mean, this has been a seismic week in british politics. a week that will be written about for decades to come, i think. just having all of the main political parties that are normally squabbling at each other s throats suddenly united, but they re united because of their conte
awaken to elton john, first singing and then delivering a message of personal thanks. rupert murdoch built a media empire on the power of selling a scandal but now it s his mighty news corporation that is under siege from london to washington. a prominent u.s. senator jay rockefeller wants to know if u.s. citizens fell victim to sleazy or illegal news gathering so he is calling for an investigation amid reports that victims of the 9/11 attacks are among the nearly 4,000 people who had their phones hacked. the outrage is crushing. over the past week, the media giant has lost nearly $7 billion in market value. and the political damage is mounting. today, britain s prime minister meets with the family of a murdered little girl after a murdoch newspaper allegedly hacked her cell phone to gain an edge on that story. actor hugh grant who is both a vocal critic of murdoch and a frequent target of him explains why all of us in the u.s. should even care. rupert murdoch does own an
investigation of rupert murdoch s media empire as the company pays a new price for its phone hacking scandal. could a massive probe now under way in britain happen here in the united states? and the obama money-maybing machine. who s behind the cash and can the republicans compete? president obama and the congressional leadership are under enormous pressure right now, about 40 minutes into their latest round of debt crisis talks. they haveless than three weeks until the deadline to raise the legal limit on the federal debt. and by all accounts, they re still very far apart. what if anything emerges from this meeting? consider the very dire warnings from the chairman of the federal reserve. ben bernanke using very strong words today, telling congress that the global financial system would be thrown into enormous disarray. that s a direct quote, if the u.s. treasury is deadbeat on its debt. ff we went so far as to default on the debt, it would be a major crisis. the treasur