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CNN Newsroom With Fredricka Whitfield

and i would love to tell you that biden did that to us, but i will always speak in hard truths to you. our republicans did that to us too. we'll stop the spending. we'll stop the borrowing, we'll stop the pet projects and earmarks, and i'll veto any spending bill that doesn't take us back to pre-covid levels. that will save us trillions. >> vivek ramaswamy, asa hutchinson, they are out on the campaign trail as well. as for this big question about turnout, i was at the popular drake diner this morning having breakfast here in des moines speaking to a voter who has participated in the caucus process since the '80s and, he told me that he believes that iowans, despite this weather, will still turn out, a similar sentiment that i heard from a pastor earlier this week who says, frankly, many iowans take this process as a huge honor. the fact that the state goes first. and they believe that iowans will persevere.

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CNN Republican Debate Des Moines Iowa

every day. why is congress the only group that refuses to balance a budget? we'll stop the spending. we'll stop the borrowing. we'll eliminate the pet projects and the earmarks, and i'll veto any spending bill that doesn't take us back to precovid levels. and then we want to make sure that we allow the middle class to breathe. we're going to eliminate the federal gas and diesel tax in this country and cut taxes on the middle class and simplify those brackets. and then we want to make the small business tax cuts permanent. they made corporate tax cuts permanent, but they made small business tax cuts temporary. small businesses are the heartbeat of america. we need to prove it by making those tax cuts permanent. >> governor desantis, what's your response? how would you make those essentials more affordable for americans? >> well, i disagree with ambassador haley. we don't need an accountant in the white house, we need a leader in the white house. and that's what i would bring. >> i've spoken with iowans, visiting all 99 counties and also folks all across this country. the american dream is slipping

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CNN Republican Debate Des Moines Iowa

afford food, cars, and housing. what is the single most important policy that you would implement as president to make the essentials in americans' lives more important? >> i think we have to acknowledge that republicans and democrats have both done this. i mean, the fact that they've done all of this wasteful spending, they did a $2.2 trillion covid stimulus bill that expanded welfare that's now left us with 80 million americans on medicaid, 42 million americans on food stamp. that's a third of our country. what i will do, i think it's time we have an accountant in the white house. we have to have someone that respects taxpayer dollars, and we'll start by clawing back $100 billion of unspent covid dollars that are still out there. we'll go instead of 87,000 irs agents going after middle america, we'll go after the hundreds of billions of dollars of covid fraud. 1 out of every $7. if 8% of our budget is interest, quit borrowing. cut up the credit cards. i had to balance a budget as governor. you have to balance a budget

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World Business Report

gasoline. according to triple—a, retail gasoline prices are about 6% lower in december than in november but on the flipside of that we have relatively elevated inflation coming still from housing and shelter and rents, as well as what they call core services or services excluding rents and energy, which has been running at about 5.2% over the past four years. a mixed picture there. ~ , ., ~' there. when you think the fed will start to — there. when you think the fed will start to reduce _ there. when you think the fed will start to reduce the - there. when you think the fed will start to reduce the cost i will start to reduce the cost of borrowing. summer saying it was starting march but if you listen to some who are on the policy committee at the fed like john policy committee at the fed likejohn williams, new york's president, he is trying to stop people running away from themselves, isn't he? absolutely. i think the market is a little too aggressive and expecting a breakout in the first quarter. it is more likely to be the second quarter

Flipside , Lower , Retail-gasoline-prices , Triple-a , Gasoline , 6 , Inflation , Rents , Energy , Services , Core-services , Housing

World Business Report

and lots of earning stories to keep an eye on. we got us inflation numbers out. we're doing our best to keep you cross everything. but the financial markets in asia so you can see how the day is progressing. you see really strong gains across the board if we look at wall street. this is in anticipation of good news about inflation that this could mean that the fed will start to reduce borrowing sooner rather than later. you are up—to—date. that little things news and business. thank you for your company and have a lovely day. hello there. on wednesday, we were all in the same area of high pressure. but despite that, the amount of cloud we saw from place to place varied a lot. the cloud was at its thickest across eastern scotland and north—east england, where we saw drizzle move in from this sheet of cloud from the north sea. but there was some sunshine. western scotland did ok, and for east anglia

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World Business Report

65 £5 billion, including projects for the ministry of defence and home office. and 2022, the government removed fujitsu from its preferred list of supplies but it can still win government contracts for the procurement process. fujitsu executives are due before the enquiry next week. let's return to the us now, because in the next few hours we get consumer price inflation figures for december. they will be a key piece of evidence for the federal reserve, as it decides whether it has done enough to bring inflation under control, and when to start easing the cost of borrowing from a two—decade high. scott anderson is chief us economist at bmo capital markets in san francisco. hejoins us now. a warm he joins us now. a warm welcome scott to use. he joins us now. a warm welcome scott to use-— scott to use. markets have been on edae scott to use. markets have been on edge about — scott to use. markets have been on edge about this _ scott to use. markets have been on edge about this for _ scott to use. markets have been on edge about this for days. - scott to use. markets have been on edge about this for days. if . on edge about this for days. if you read any market report it talks about this inflation number coming out and in a few

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CNN Republican Debate Des Moines Iowa

governor. you have to balance a budget every day. why is congress the only group that refuses to balance the budget? we will stop the spending. we will stop the borrowing. we will eliminate the pet projects in the earmarks. and i will veto any spending bill that does not take us back to pre-covid levels. and we want to make sure we allow the middle class to breathe. we will eliminate the federal gas and diesel tax in this country and cut taxes on the middle class and simplify those brackets. and then we want to make the small business tax cuts permanent. they made corporate tax cuts permanent, but they made small business tax cuts temporary. small businesses are the heartbeat of america. we need to prove it by making those tax cuts permanent. >> [applause] >> governor desantis, what is your response? how would you make those essentials more affordable for americans? >> well, i disagree with ambassador haley. we don't need an accountant in the white house, we need a leader in the white house. >> [applause] >> and that's what i would bring. i have spoken with iowans, visiting all 99 counties, and also folks all across this country.

Nikki-haley-will-cave , Budget , Spending-bill , Group , Borrowing , Spending , Levels , Projects , Pet , Earmarks , Country , Tax

CNN Republican Debate Des Moines Iowa

and americans are struggling to afford food, cars, and housing. what is the single most important policy that you would implement as president to make the essentials in americans lives more important? >> i think we have to acknowledge that republicans and democrats have both done this. the fact they did all this wasteful spending, a 2. 2 trillion dollar covid stimulus bill that's expanded welfare, left us with 80 million americans on medicaid, 42 million americans on food stamps, that's a third of our country. what i will do is i think it's time we have an accountant in the white house. we have to have someone who respects taxpayer dollars. and we will start by clawing back 100 billion dollars of unspent covid dollars that are still out there. we will go in, instead of 87,000 irs agents going after middle america, will go after the hundreds of billions of dollars of covid fraud, one out of every $7. if 8% of our budget is interest, quit borrowing. cut up the credit cards. i had to balance a budget as

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Asia Business Report

mind, particularly given that while we haven't seen an oil price response to date, our exposures and is not we want, it's something to keep in mind because it will have inflationary impacts if we do see a meaning for the supply disruptions energy. turning to interest rates, south korea's central bank will make its latest decision on the cost of borrowing today. and that's it for this edition of asia business report. thanks for watching. bbc news bringing you different stories from across the uk. this agricultural land between wetherby road and the river wharfe could be the site of a new housing development in tadcaster. peter is one of around 300 campaigners against the plan. so this piece of land here covers 35 hectares and gladman developments are proposing to build over 400 houses on it. the water levels are gradually

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Banks' household loans up for 9th month in December, 2023 amid high rates

Household loans extended by banks in Korea rose for the ninth straight month in December, 2023 led by rising home-backed loans, central bank data showed Wednesday, amid worries that highly indebted households could pose a risk to Asia's fourth-largest economy amid high borrowing costs.

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