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on us and global economies. so how did washington get here — and what would happen if the borrowing ceiling is not lifted? my colleague samira hussain has been investigating. the first of all, this debt ceiling crisis is actually a political crisis. itjust happens to hinge on a months pass piece of legislation to save the nation from economic catastrophe. so what exactly happening? weeks to go before the federal government is unable to pay its bills. will the us government spend more money that it brings in. so it needs to boro money to pay its bills. it can only boro a certain amo...

it comes as there's been fresh gunfire in the capital and another failed ceasefire, with many people trapped inside the city after nearly a week of fighting between rival military factions. the violence is now thought to have killed at least 330 people, with thousands more injured. earlier, us national security council spokesmanjohn kirby said president biden is following the situation very closely. he authorised the military to move forward with pre— positioning forces and to develop options in case, and i want to stress right now, in case there is a need for an evacuation. meanwh...

silicon valley bank's collapse on friday has sent shock waves around the world. it's forced central banks and regulators to act. on friday, california banking regulators closed down svb financial group — the largest bank failure since the global financial crisis. since then, two other regional banks have also gone bankrupt — silvergate, signature bank in new york while first republic was also forced to reassure investors after its shares plunged 60% in pre—market trading. in a bid to stem contagion across the industry, the us government stepped in, effectively guaranteeing depo...

russia says a pro—kremlin military blogger has been killed in a blast in a cafe in st petersburg. police say several others have been injured in the incident. the city is the second largest in russia after the capital, moscow. vladlen tatarsky was one of a handful of reporters writing blogs on the telegram platform from the frontline and was a vocal supporter of russia's war in ukraine.these are pictures before the explosion. tatarsky was a guest speaker at an event hosted by the cafe in st petersburg when the bomb went off. it is not clear at this time who's responsible for the bl...

good morning. it is a fairly cloudy start for money. some drizzle in the west, some heavier rain in scotland. that will push north eastwards through the day, with brighter skies in central and eastern areas. details later in the programme. good morning. it's thursday, 2nd february. british gas is facing an investigation after using debt collectors to break into the homes of vulnerable people and forcibly fit pre—payment energy meters. the tactic — which results in someone�*s heating being cut off if they don't have the cash to top up their meter — is only supposed to be used ...