bridge collapses. sending a tourist bus plunging into the forest below and the death toll could get higher. clock is ticking and tensions are soaring and if you want an idea how things heat are over the debt crisis, listen to this. president obama storms out of yesterday s meeting vowing he will veto any extension of the debt ceiling that is only short term. reports say he said to aeric cantor, quote, many could bring down my presidency. the august 2nd deadline is looming and pessimism is growing. a major rating agency says it will review the nation sterling bond rating for a possible downgrade. we are covering the angles of this all-important debt talk story. dan lothian at the white house with reaction to the extraordinary ratcheting up of tensions. ali velshi is giving us the bottom line on the economics. why should you care that u.s. bonds could face a brutal reality check? ali, let s start with you. a downgrade would be like seeing your personal credit score take a
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