Voted, last time just one of them voted, last time just one of them voted for a cut in Interest Rates. If we start to see other members of that committee moving towards a cut, a cut later in the year becomes increasingly likely. We will also get detail from the Bank Of England about what they think they is happening to economy right now to stop your running at the detail there that the main concern for them is inflation. It has been sky high over recent months and it is now starting to come down. 3. 2 is where it currently is but it is still above the Bank Of England a target of 2 . What they will be looking out at what point will be inflation, thats a measure of how quickly prices are rising, at what point will that come in line with their forecast and therefore they can start to afford to cut Interest Rates. Because english Interest Rates, m are rather blunt tool that the Bank Of England has to try and encourage us to save rather than to spend. Cool the economy, Stop It Overheating a
Cost you more. Good day everybody, it is a thursday, friday eve we like it call that in the morning. How are you doing . Thank you so much for joining us early, not bright and early, it is dark and early. How are you doing today . Doing good. It is thursday. It seems ike like weve done two weeks in this four day period, with the snow coverage, the parade. Exactly. And just over, with the spring forward, we want it to be spring. I know it is coming monday but it is so bitter cold out there, scott. It is, but Avenue Little bit of good news. We might make it above freezing, karen, today for a few hours but we have to watch out as i mentioned for melting and falling ice across the area. But weather by the numbers on scale of one to ten, today, what about a five . So things looking up a little bit once again. It is still cold this morning, but not quite as harsh, case in point, take a lock at the temperature, 26 degrees right now, windchill of 15, as opposed to the single digits, this same
Matt pellman and trouble on i95. Good morning. Reporter good morning, lets start with Storm Tracker 6 live, were dry through the area we have lots of clouds and sunshine, more clouds early on as we look at this close up view with satellite 6. Cloudy skies in philadelphia its a little clearer in the northwest suburbs. 58 degrees currently in quakertown. 63 in center city. Temperatures are not too bad. Not terribly cold at the moment. 57 in hammonton, 59 in woodbine and 58 in dover. As we look at the day ahead well see sunshine this afternoon mixing with the clouds, 74 degrees for your high, temperatures above what they would normally be this time of year. At this early hour youve got problems on the roads. Reporter i think weve been starting every single morning with issues on i95. In northeast philadelphia we have a tanker fire theres the truck the flames were coming from earlier. You can see they have the fire extinguished now. They say these are the northbound lanes approaching cottm
Indicted on federal criminal charges according to court documents. Hastert is accused of covering up big cash withdrawals he was making allegedly to be used as hush money the pay off someone he had wronged. Congressional correspondent nancy cordes has the latest. Reporter hastert served as speaker for eight years from 1999 to 2007, but its what hes done since that caught the attention of the f. B. I. According to the federal indictment, back in 2010, John Dennis Hastert agreed to provide someone referred to only as individual a, 3. 5 million in order to compensate for and conceal his prior misconduct against individual a. The indictment doesnt say what that misconduct was but it notes that the two have known each other for most of individual as life and that the individual is from the same illinois town where hastert was a High School Teacher and wrestling coach from 1965 to 1981. From 2010 to 2012, hastert made 15 50,000 withdrawals of cash from his local bank in illinois and gave the
The highest level. Nunatak. Nunatak. Correct. And he spells it right but they both go home winners. The Scripps National spelling bee ends in a tie. Captioning funded by cbs this is the cbs morning news for friday may 29th 2015. Good morning. Good to be with you. Im annemarie green. The former speaker of the house Dennis Hastert has been indicted by a federal grand jury for violating banking laws and lying the fbi. The indictment says hastert paid hush money to keep an unnamed person quiet about, quote, misconduct. He served from 1999 to 2007 and was the longest running speaker. Good morning. Good morning. According to the indictment hastert who is now 73 withdrew 2 million in very small increments to stay under the Bank Regulators and lied to investigators to keep one person quiet. A car sped past reporters last night. The former House Speaker still has not commented on allegations he agreed to pay millions of dollars to silence a longtime acquaintance and that he lied to the fbi. Acc