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BBCNEWS BBC News July 7, 2024

interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. it s the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for a0 years for global reasons but the bank of england is trying to prevent runaway inflation from becoming embedded in the domestic economy. these are big changes, they have a real impact on people s lives, so why are we doing it? and why are we doing it now when so many people are already struggling with higher energy and food prices and other bills? quite simply we are increasing the bank ra ....

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BBCNEWS BBC News July 6, 2024

authorities. and it does seem like a good authorities. and it does seem like a good idea authorities. and it does seem like a good idea that if you ve got a new school good idea that if you ve got a new school of good idea that if you ve got a new school of architecture and your bringing it in all the lowest assets, bringing it in all the lowest assets, so planning is taken into account, assets, so planning is taken into account, now that the government has to abandon account, now that the government has to abandon its house building target, to abandon its house building target, what you need to do is persuade target, what you need to do is persuade the people that developments are good idea. this sounds developments are good idea. this sounds like one way of doing it. jo? sounds like one way of doing it. 10? i think it s sounds like one way of doing it. in? i think it s quite interesting but worth pointing out that postwar, when there was so much re ....

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MSNBC Deadline White House July 6, 2024

hi there, everyone, here we go again. it s 4:00 in new york. at this hour, the house of representatives is completely and totally paralyzed. it is unable and incapable of swearing in members, forming committees, setting rules for itself, passing legislation even in the case of an emergency, couldn t do any of those things. it s a state of chaos and paralysis that is unprecedent ed in modern american history and it is all because the new republican house majority cannot agree on who should lead it in the 118th congress. house gop leader kevin mccarthy has moved into the speaker s office already, appears to be living by the motto, if at first you don t succeed try, try, try, try, try, try again. he has now lost five votes for the speakership, a sixth vote is underway. it s already clear from the math that mccarthy doesn t have the votes to become speaker of the house of representatives this time either. democrats for their part quietly made history yesterday by choosing t ....

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FOXNEWS Hannity July 7, 2024

take him behind the school and beat him up. tough guy. but he falls over with the wind, going on air force one. nobody fs with the biden except for venezuela, saudi arabia, every other opec nation. we ll explain in detail. recently, biden got on his knees, hands and knees begging and pleading the saudi s crown prince to please produce more oil. he s been begging opec as well. the same crown prince in this case that biden openly refer to as a pariah, that he accused of torturing and murdering the journalist jamal kavhogghi. opec says they will be reducing oil production by a whopping 2 million barrels a day that will reduce supply and increase the price of the a barrel of oil. this is not only deeply humiliating for joe biden and the u.s., most importantly, it is painful to millions of americans. now, gas buddies, patrick is predicting opec s decision today will drive passes up to 15 to 30cents per gland. look at this, $5 in reno. $6.42 in california. that s average. $5. ....

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MSNBC The 11th Hour With Stephanie Ruhle July 6, 2024

tonight, the budget battle brewing in washington after house republicans use their first week to score political points and not govern. then, the trump orbit hit with a maximum 1.6 billion dollar fine for tax keen days after its cfo sentenced to jail at rikers island. so what now? and for a wild week in congress, including multiple calls for a congressman to resign, to the return of the golden globes, our friday night cap is here on all of it, as the 11th hour gets underway right now. good friday evening. i m stephanie ruhle. new signs tonight the republicans running the house may be setting the stage for the first major showdown in the new congress, one that could have a huge impact on our economy. today treasury secretary janet yellen sounded the alarm telling congress the united states is set to reach its debt them and let next thursday. yellin said she would have to start taking stormy mitch or s to keep paying the nations bills if lawmakers do not raise that limi ....

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