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Sir. a reminder on our political coverage. new ads or breaking news for the campaign trail. you can check out our web site 24/7. foxnews.com/politics for all the latest. check it out. major developments on the economic front after weeks of watching the financial crisis flaij the country of greece, new worries about debt troubles gripping italy, as that country sees its borrowing rates soar to the highest level. it could affect our economy on your bottom line. peter barnes is live in washington. >> italy's debt is more than $2 trillion, five times that of greece. and italy's cost to borrow from...

Government to cut public spending and that means job cuts and cuts in pensions and benefits that people have grown used to and reluctant to give up. protestors from the democrat left and opposition, they were in the street today, and all demanding that berlusconi step down. the situation in italy may be better but extremely serious borrowing rates for the country shooting through the roof and italy is monitored by the international monetary fund to make sure it carries out the necessary remains. a lot of people calling for berlusconi to resign. they have done that for a while. it seems to be g...

united nations building in new york. let's go straight to mohammed jamjo jamjoom. how close are these two americans from touching down where you are? >> reporter: well, brooke, we're here at the royal airport. armani officials are saying that the plane should touch down within the next 20 to 30 minutes. we also learned from the families of josh fattal and shane bauer that the families are indeed here, that sarah shourd, the third american hiker who was detained along with the two men and the fiancee of shane bauer, she's here as well. they're eagerly awaiting the reunion. we do not s...

davis got the death penalty for the murder of a savannah police officer back in 1989, no dna evidence ever linked davis to the crime. most of the witnesses who testified against him recanted. but the man who prosecuted davis stands by his case. >> there are two troy davis cases. there is the legal case. the case in court. and the public relations case. we have consistently won the case as it's been presented in court. we have consistently lost the case as it's been presented in the public realm on tv and else where. prominent figures from former president jimmy carter to pope bened...

Then. and creditors will be watching every step of the way. creditors like china, that holds more than $1 trillion worth of u.s. treasuries. and japan. over the years, the u.s. has been forced to raise the debt ceiling 74 times since 1962, to pay for tax cuts, foreign wars and other spending increases. in fiscal year 2000, the debt has tripped since. not defaulting on debt would trigger a spike in borrowing rates and the confidence in the u.s. government to honor obligations. a high-stakes game is under way. and the debt clock is ticking. >> the deadline is closing in on bp today, as it tries ...