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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 ,

CNN CNN This Morning July 6, 2024



two trains crashing into one another, killing 36 people. we have the latest developments. for the first time in more than 30 years, chicago sitting mayor has lost re-election in a race that was dominate bid rising crime. is it a warning sign for other big city democrats? you re talking about a potential leak. the fbi providing his first public confirmation on their assessment about covid originally leaking from a chinese lab. we ll have more on the comments ahead. all that ahead, first, to our breaking news. a devastating train crash in greece killed more than 36 people. dozens are injured. a passenger train carrying hundreds of people collided head on with a freight train. multiple cars derailed. several catching fire. this happened north of athens. state broadcasters reporting that both trains were traveling on the same track for several miles before this collision. first responders still working, trying to find survivors in the twisted melted wreckage. hospital ....

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BBCNEWS BBC News July 6, 2024



including some top secret material. the documents first appeared on online platforms, such as twitter, lichan and telegram, as well on the messaging platform discord. the leak reveals information about the deployment and state of ukrainian and russian forces ahead of a ukrainian spring offensive, and appear to outline us training and equipment being provided to ukraine ahead of that offensive. there are also suggestions that ukraine s air force may not be able to withstand more russian attack. may not be able to withstand more russian attacks. other leaked material included intelligence on other countries such as china, israel, and south korea. officials say they do not currently know the source of the leaks. the bbc s barbara plett usher has more. the pentagon says the us is still very much into the finding out phase. we are told this is a serious risk to us national security and a matter of top priority. a number of government agencies are working together to find out ....

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