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BBCNEWS World July 6, 2024

where in a few hours time for emergency talks on how to deal with the country s debt ceiling. some reports say the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington end up here? michelle fleury, north america business correspondent. it feels oddly familiar, these last minute talks to try and avert a crisis. last-minute talks to try and avert a crisis. , , , , ., ~ , crisis. yes. this is high-stakes olitical crisis. yes. this is high-stakes political theatre crisis. yes. this is high-stakes political theatre that crisis. yes. this is high-stakes political theatre that we - crisis. yes. this is high-stakes political theatre that we are i political theatre that we are witnessing, president biden will meet with congressional leaders later today, meet with congressional leaders latertoday, but meet with congressional leaders later ....

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BBCNEWS World July 6, 2024

if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consens ....

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FOXNEWSW Gutfeld July 6, 2024

the only candidate we want running a four president, post of kennedy on foxbusiness, kennedy. her book is at number one best seller fox news contributor kat timpf. and, before he leaned on it, it was just a regular tower of pisa , my massive sidekick, tyrus . now that is what i call an all-star panel in your face. of got my golf shorts on,. before we get to use of news stories, it is friday, so let s do this. greg s leftovers. it s leftovers. where i read the jokes we didn use this week and as always, this is my first time reading these so if they suck i will dismember a writer in front of you. yes. here we go. the national champion georgia football team will not be visiting the white house this year. the coaches say it wasn t because of any policy but that they just couldn t understand president biden s directions. 79 -year-old robert de niro wrecked welcome to seventh chil this week, which means his girlfriend will now have to change to diverse. clap now, y ....

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BBCNEWS World July 6, 2024

some reports say the treasury secretary, janet yellen, has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington end up here again? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe. so what exactly is happening here? major consequences for the economy. the us could default on its debt in a matter of weeks. debt limit measuresl may be exhausted. weeks to go before the federal government is unable to pay its bills. well, the us government spends more money than it brings in, so it needs to borrow money to pay its bills. it can only borrow a certain amount of money and if it needs to borrow more, congress has to approve that. it used to be a routine thing but not any more. republicans see this as an opportu ....

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BBCNEWS BBC July 6, 2024

chaotic scenes in pakistan as paramilitary forces arrest the country s former prime minister imran khan during a court appearance. a helping hand for generation rent a new mortgage on offer where you don t need a deposit or a guarantee from family orfriends. a # instead i wrote a song at # instead i wrote a song at # about how you did me wrong. # and growing excitement in liverpool ahead of the eurovision song contest this weekend tonight it s the first of the semifinals. and coming up on bbc news: another frustrating injury blow for england bowlerjofra archer, who s returned home early from the ipljust five weeks before the ashes gets under way. good afternoon and welcome to the bbc news at one. the russian leader vladimir putin has said civilisation is at a turning point because of the war in ukraine. in a speech in moscow marking the anniversary of soviet victory over the nazis in the second world war, he claimed russia is once again facing an existential thr ....

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