Now on bbc news, all the latest Business News live from singapore. From a disgraced president facing prosecutors to chinese leader heading down under, we take a look at the week ahead and how it impacts financial markets. And while Food Companies are trying to offer healthier options for indian goodi healthier options for indian good morning, asia, hello consumers. Good morning, asia, hello world. Glad you could join us for this monday at edition of Asia Business report. I am hizon. It business report. I am rico hizon. It fist; business report. I am rico hizon. It is set to be a busy week. Looking at what is on the news and Business Agenda and how this could impact the financial markets. The korean Impeachment Saga is set to continue this monday with prosecutors this Monday Withgmsecutgg Ex President this monday withymsecutgg ex President Park questioning ex President Park geun hye. Later on in the week, the General Council of the European Central bank meets on thursday with many expe
and we cut about 55 to 57 billion of nondiscretionary or nondefense discretionary. second thing is, and this is the most overlooked element in this bill is the administrative pay go for presidential executive orders and executive rule making. with those two tools, the president s administration has gone completely around congress, grown this government by 1.5 trillion it. brian: through executive orders and rule making. brian: if he is going to do something show us what he is going to cut. if it hits the threshold of 100 million. brian: you are still a. i m a no. brian: why? i m a no at this point. i agree there are good measures in there. it doesn t go far enough. it takes us back to 22 on the nondefense spends. it needs to take us back to 19. 22 locks in big covid increases
there needs to be time to hash something out and get it passed through congress. reporter: that s absolutely right, brianna. listen, goldman sachs does see cash levels getting dangerously low. we have to remember that the federal government regularly spends more money than it brings in in revenue. that s why they have to borrow. but they haven t been able to borrow because they have run up into the debt ceiling and congress hasn t addressed it yet. so yes, they can buy time with accounting gimmicks, which is what they have been doing, but eventually that runs out. so in the meantime cash levels have really plunged at treasury. as of thursday s close of business, treasury had about $57 billion in cash. you can see on the chart that is down sharply from more than $200 billion just two weeks ago. and now goldman sachs is saying that by june 8th or june 9th, they think the cash levels will get down to $30 billion, below $30 billion. and that is seen as a key level. it s kind of seen as t
57 billion and $60 billion and the grow piece is the permitting reform piece. that s it. not a terribly complicated deal. in 2011, john boehner and barack obama put together one deal that got scuttled and another that was very large and detailed. we re really not talking about a very complicated agreement here. democrats, here s the problem. here s been the problem according to republicans and democrats. they need the white house broadly speaking to get in the room and say this is what we re agreeing to and democrats have to fall in line. instead, they have the white house, senate democrats, house democrats in the room and they all have different thresholds for pain and tolerance. that s really difficult and republicans, for better or worse, have a unified position, which is that bill that has no chance of becoming law that the house passed a few weeks ago. so that s kind of the structural challenge in this negotiation and the challenge of getting a deal. hopefully if you re somebody t
India foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India da