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targets linked to houthis in yemen. president biden has issued the following statement today at my direction us military forces together with the uk and support from australia, bahrain, canada and the netherlands successfully conducted strikes against a number of targets in yemen used by houthi rebels to endanger freedom of navigation on one of the worlds most vital waterways did it let s get some immediate reaction to this development in the statement from the us president. let s quash now to washington and our correspondent there. what can you tell us? figs correspondent there. what can you tell us? correspondent there. what can you tell us? as you said we had a statement you tell us? as you said we had a statement from you tell us? as you said we had a statement from the you tell us? as you said we had a statement from the white - a statement from the white house confirming that the strikes have begun, saying it was the us, uk and lists a number of nations ....
the us and britain have begun strikes against targets linked to houthi rebels in yemen. we can cross to will vernon. what can cross to will vernon. what can you tell us? can you tell us? very few details at can you tell us? very few details at this can you tell us? very few details at this stage. - can you tell us? very fewl details at this stage. what can you tell us? very few- details at this stage. what we do know is that several us officials have been speaking to news agencies, to reporters, saying the united states and britain have started carrying out strikes against targets linked to the houthis in yemen. that s all we know so far. we haven t had any official word from the white house or from the pentagon. earlier today, when a pentagon spokesman was asked about that, they said they would not comment on any. they wouldn t speculate on any potential military action. from what we re hearing, it seems the strikes have started. one houthi official has written on ....
inning spending, consequential reforms that will rein in government overreach. there are no new taxes, no new government programs. jason: here is what we mow is in the deal: it suspends the debt ceiling until after 2024 election, no increase in non-defense spending for the next fiscal year, and it caps it at 1% the following fiscal year. it also increases defense spending and money for veterans. we re also learning it claws back some unspent covid-19 pandemic funds and cuts nearly $2 the billion in money used to hire new irs agents. it also reportedly expands work requirements for some adults receiving food stamps but no work requirement changes for medicaid. the house republicans are expected to come back to the washington on tuesday and and vote on the bill on wednesday. we ll take it up with congressman brian mast and congresswoman beth van duyne. meanwhile, china has spent the week courting african countries like the democratic republic of congo for rare either mi ....
this latest ceasefire $245 million in aid to help support people fleeing the violence. i m ben thompson. let s start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease slightly. the latest rate of inflation for the month of april has fallen to 8.7% now that s still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that had been in place since august last year all well above the bank of england 2% target hitting a peak at 10.4% in february, before slowly coming down. this latest figure is the sharpest drop since the cost of living crisis began. but growing cost of food still remains very high. as you can see here, food prices increased by 19% in april and havent yet come down from their peak. making it difficult for people to feel better off right now. joining us now is simon french, chief economis ....
we begin in the us, where the treasury secretary janet yellen has sounded a stark warning over the country s debt ceiling. this is the amount of money the us government is allowed to borrow to pay for pretty much everything they do. speaking to abc, she says that if lawmakers fail to raise that ceiling the us could be left unable to pay its bills by the beginning ofjune. it is congress s job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and the us treasury can take to prevent that catastrophe. russ mould is investment research director at aj bell. we have been here before. all of the same warnings that the us could tape off a cliff if it doesn t raise the debt ceiling and yet more warnings. yes, we have and i think the us debt ceiling has been raised 75 or 80 times in its history and we have had eight government shutdowns while a new debt ceiling has be ....