Without a plan to raise the borrowing limit, America will probably default on its debts. We'll talk about how some Wall Street firms are preparing to profit from a default, and review this week's business headlines.

News Corp.'s troubles in Great Britain are of particular interest to about 6,000 New Yorkers. We'll talk about how people at the Wall Street Journal and Fox News see the unfolding scandal.

Debt Talks Continue on Capitol Hill

President Barack Obama said he's now open to a short-term deal to raise the nation's debt ceiling if it will allow time for a broader plan to be put in place. There are 13 days left before the August 2 deadline, when the U.S. risks defaulting on its financial obligations.

Before he was mayor, Michael Bloomberg was a technology entrepreneur. We'll talk about some of the challenges entrepreneurs say they face in trying to start a company in New York. We'll also hear from a Brooklyn Arborist, in our latest installment of the New York Works series.

Who could be the big loser in New York City, as Washington debates the nation's debt ceiling? We'll review this week's business headlines.

We'll talk about the phone hacking scandal that just keeps getting worse. Now the FBI's getting involved.

Markets

After three days of losses, markets returned to positive territory on Wednesday, spurred on by Federal Reserve Chairman Ben Bernanke's comment that the Fed is prepared to do more to stimulate the economy if it falters. News Corporation added 58 cents after the beleaguered media giant announced it will abandon a bid for full control of a British satellite broadcaster.

There's a new kid on the block. A publisher of small niche newspapers in New York City has jumped into the mayoral race.

We'll preview this week's business news, and have the latest installment from our New York Works series.

Manhattan rents are rising, but Westchester office vacancy is up too. We look at the uneven recovery in real estate.

American domination weakens and the Chinese gain a stronger foothold in the rankings of the world's 500 largest companies.

Do you ever feel that you're so busy, you don't have time to think? One consultant tells you why you need that time, and how to carve it out of your day.

It's all about jobs this week, as the government releases the June employment report. Speaking of jobs, we'll talk about one that will make your skin crawl, for the latest report in our New York Works series.

Mortgage-backed securities were back in the news this week, with Bank of America settling a big lawsuit with investors. We'll discuss how much exposure other banks have.

You can't hold it in your hand. There's no ATM for withdrawals. And it's soaring in value. We'll talk about bitcoin, the new online currency.

The big worry last summer was the possibility of states across the country defaulting on their debts.

Home prices rose slightly in April. But is it better to rent or buy?

Markets

A bit of hope returned to Wall Street on Monday, after signs that that the debt crisis in Europe could be avoided. That sent stocks up a percentage point. The Dow Jones gained 109 points, to close at 12,044. The S&P 500 gained 12 points, ending at 1,280. And the NASDAQ added 35 points, to finish at 2,688.

So much wrangling, but still nothing to show for it. We'll talk about what the logjam in Albany means for rent regulations, property taxes, and more, for our weekly business roundup.

In trading on Thursday, LinkedIn, the social networking site for career-minded individuals, gained $3.50, or five percent, to $70.32. And, Pandora, the company that lets you design your own internet radio station, added 66 cents, or five percent, closing at $14 a share.