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BBCNEWS Asia July 6, 2024



a default could have 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. 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 nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spend more money that 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 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 us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the ....

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BBCNEWS Asia July 6, 2024



here and what would happen if the borrowing ceiling is not lifted? my colleague 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 nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spends more money that 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 opportunity to extract demands, like cuts to affordable housing or other social security spending. but 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 political parties go to try and work it out. ....

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BBCNEWS Asia July 6, 2024



so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague 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 nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spends more money that 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 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 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 political parties go ....

Presidentjoe Biden , Debt Ceiling Stalemate , Co Working , Asia Business Report , Karishma Vaswani , Janet Yellen , Debt Ceiling , Business Leaders , Global Economies , Emergency Talks , Samira Hussain , Debt Ceiling Crisis , Borrowing Ceiling , Social Security Spending , Political Parties , White House , Social Security , Government Agencies , Thousands Ofjobs , Treasury Bonds , Sameer Hussein Reporting , Bump Up , Stock Price , New York Stock Exchange , Tribeca Investment Partners , Share Price ,

BBCNEWS BBC July 6, 2024



rival military factions have announced a new ceasefire, but are showing few signs that they will honour it. that they will honour it. air strikes continued to pound the capital of khartoum on saturday, as more than 500 deaths have been reported, though the true number of casualties is believed to be much higher. the united nations has warned that the humanitarian crisis in sudan is at a breaking point. world leaders, including the african union, are calling for a humanitarian pause in the fighting. martin griffiths, the un s emergency relief coordinator, is being sent to sudan along with a special envoy to coordinate humanitarian operations. it s understood many of the aid agency s warehouses were looted by fighting military factions. thousands of people are evacuating on ships to the saudi arabian port city ofjeddah. our africa correspondent andrew harding has recently arrived injeddah, and gave us this update. as the fighting intensifies again in khartoum, people fl ....

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BBCNEWS BBC News July 6, 2024



i think that is a very dangerous place to i think that is a very dangerous place to be in. us i think that is a very dangerous place to be im i think that is a very dangerous place to be in. us regulators have shut down silicon place to be in. us regulators have shut down silicon valley - place to be in. us regulators have shut down silicon valley bank, . place to be in. us regulators have| shut down silicon valley bank, the biggest banking failure since the 2008 financial crisis. officials in hamburg say the gunmen who shed dead seven people atjehovah s witness meeting her was a former member of the religious group who left on bad terms. we will catch up with lesley paterson the triathlete nominated for numerous awards at this weekend s oscars for her screenplay of a german first world war epic. so i went up to tom cruise and i said, hi, tom. my name is lesley paterson, writer of all quiet on the western front. he said, i know your story, he said, how many hou ....

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