Ok Jay, there is a leak then, you just have not found it, that pump should stop when it gets up to operating pressure.
Now that said, it could be pumping nothing on the outbound side or getting nothing on the inbound side.
If it was me and it is not of course, I would first check all fuel filters if any?
Hmmm, maybe the pump is not pumping, hmmm, think it has a rubber diafram (sp) in side that actually does the pumping, is that correct Tony? If the diafram has a whole in it or the rubber? stop valves inside are not working properly it is not building pressure.
Confusing, ok, two opitions at this point as I see it.
1. No or very little fuel gets to pump so no output.
2. No fuel is going through the pump. PUMP BAD.
I think you said someplace that you disconnected pump from tank and fuel ran out of the line did you not? If so I am convienced that the pump is the problem.
Tony please jump right in here and show everyone how wrong I am, HEHE.
Really, I would pull the pump. Hope you have an extra around?