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BBCNEWS Asia July 6, 2024

gives no one everything they want, but that s the responsibility of governing. this is a deal and it s good news, i believe, for the american people. the agreement prevents the worst possible crisis, a default for the first time in our nation s history. the two parties have untiljune the 5th to reach an agreement to prevent the us government running out of money. our correspondent in washington jessica parker has more. this deal is set to raise the debt ceiling for two years. that s a big win for the white house. why? well, it means that, forjoe biden, who of course is seeking re election in the 2024 presidential race, he won t have to face this political drama, instability, brinkmanship, right in the run up to that presidential election, so he ll be pleased with that. but the republicans are trying to say they ve chalked up wins in terms of policy, so they are talking about, for example, kevin mccarthy, the house speaker, that there will be curbs on spending. he s talk ....

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BBCNEWS Asia July 6, 2024

in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering from a footwear sales were down i%. now, on the bright side, if you take footwear sales together with nike set sales of footwear in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering, footwear sales were down i%. now, on the bright side, if you take footwear sales together with like equipment and apparel, overall, that generated a total revenue of $13.39 billion. that s up 1% from a year ago. nike executives said they are working to improve things announcing $2 billion in cost cuts over the next three years. the sneaker giant plans to simplify its product line up. it wants to increase its use of technology and to streamline the overall organisation. the plan is going to cost the company 400 million to $450 million. the boss said we are embracing a company wide journey to invest in our areas of greates ....

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BBCNEWS World July 6, 2024

both men said talks were productive and repeated their stance that a default is off the table. to avoid that, though, they ll have to work out an agreement within the next ten days. my college michelle fleury explains. even before president biden met with house speaker kevin mccarthy, negotiators were once again around the table, trying to strike a deal to avoid a default. now, sources say the white house is now offering to keep spending flat from this year to next, while republicans they say they want to increase defence spending while cutting everything else by up to 22%. treasury secretary janet yellen confirmed over the weekend that june 1st is the hard deadline, when the government can no longer pay its bills. and the deadline for a deal may actually be sooner in order for it to pass the house and senate in time. and there s another worry even if they do get a deal done in time, will rank and file members of both parties go for it? the impact of defaulting ....

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MSNBCW Jose July 6, 2024

baseball bat at the office of congressman gerry connolly. threats against members of congress continue to rise. this is just the latest. at the white house, we re just hours away from another high-stakes meeting between president bidened and top lawmakers to negotiate a detd ceiling deal. we ll play for you a brand new warning from the treasury secretary about what could happen if the country goes into default. overnight, a massive wave of russian attacks targeting ukraine s capital. the biggest in weeks and come as more european allies pledge new support. we begin this hour with that deadly rampage in new mexico. three people were killed, six others were injured after a gunman appeared to open fire at random on a residential street, according to local police. authorities say the suspect shot at least six houses and three cars with an ar-style weapon. the 18-year-old gunman was confronted and killed by law enforcement. according to the gun violence archive, the ....

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BBCNEWS Asia July 6, 2024

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 amount of money. and if it needs to boro more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but the us presidentjoe biden says no way. you need to pass this legislation with no strings attached. so off to the white house the two warring poli ....

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