Benzinga's Political Roundup July 22, 2011

U.S. prosecutors charged four Credit Suisse Group (NYSE: CS) bankers with defrauding the U.S. government, as the U.S. claims the bankers helped U.S. citizens evade taxes.

British Prime Minister David Cameron says News Corp.'s (NASDAQ: NWSA) James Murdoch "clearly" needs to answer questions from MPs after his evidence on phone hacking was challenged.

Fitch Ratings placed a "restricted default" rating on Greece after details of the rescue plan emerged.

Lawmakers are coming down to the deadline set by President Obama for a deal to avoid a U.S. default over raising the debt ceiling and reigning in the federal deficit.