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No action there. automatic spending cuts kick in january 1st. if no deal is reached on the debt ceiling. again, no action by republicans in the house on that one. white house spokesman jay carney called out republicans for what he called a political fishing expedition. >> this many months into it, this many months where house republican leaders have been focused on this rather than helping the economy grow or helping it create jobs, is that there is no evidence of anything beyond what the attorney general has said about this matter. >> at the center of everything is the man in charge of these ...

Here in the states is the expiration of tax cuts that are written into law right now as well as the implementation of automatic spending cuts. if these two kick in, according to the current law at the end of the year, many economists argue that we could fall into a recession back in 2013 with a fiscal hit of as much as $700 billion coming down on us at the end of this year. it's not to be worried about this because there's time for congress to come to some sort of agreement. now we just have to wait and hope that congress comes to some sort of agreement about this. >> we hope. how about this? ...

Bill clinton. they should listen to bill clinton. bill clinton understands what it takes to gre this economy. he understands that we can't cut our way to prosperity. he understands that we have to bring these deficits down in a responsible way. there's no separation between him and this president. they have the same understanding of how you grow the economy. >> you want him to go out there and campaign? >> i think he's a tremendous asset to us. i have no compunction about that. >> we move on to business now, where fed chairman ben bernanke says the federal reserve is prepared to take action if...

happening off the court that's getting attention. are you mom enough? time magazine wants to know. this cover spurring shock and talk about attachment parenting and it's really the way you should raise your child. good morning to you. i'm carol costello. they are alive. alexandria and kyliyah bain are safe and sound and they have now been released from the hospital. the two tennessee girls turned up in a wooded area in mississippi after a nationwide manhunt. the fbi says their kidnapper adam mayes is dead. he shot and killed himself as police closed in. mayes is suspected of kill...

syrian state tv calls the move a conspiracy that lacks legality. two of the country's closest allies, lebanon and iraq, have distanced themselves from the sanctions. voteers in the democrat irk rhee public of conoco are heading to the polls this morning. there's a challenge from ten candidates. the gong lease are struggling to restore their country. those are the top stories from cnn, the world's news leader. i'm monita rajpal. "world business today" starts right now. hello, and welcome to "world business today." i'm charles hodson at cnn lon n london. i'm andrew stevens live f...