funerals are being held for the 2a soldiers killed in israel s deadliest day since the war began in gaza. there has been intense fighting around khan younis, israel says it has surrounded the southern gaza city. could i hostage deal close, though? reports that israel has proposed a two month pause to negotiate prisoner exchanges with himars. the us and uk carry out joint strikes against houthi targets in yemen for the second time in two weeks. hamas. and oppenheimer leads the oscar nominations with 13 but barbie s margot robbie and director greta gerwig miss out. time for a look at the business news now with lu kwesa burak. it afternoon, lukwesa. could afternoon. good afternoon. we start here in the uk with the government s finances because the amount it had to borrow last month was far less than expected. that has raised hopes the chancellor, jeremy hunt, may have extra room to cut taxes when he announces his spring budget in march. a lot of it is down to lo
a very good thursday morning to you. i m jim sciutto. and i m erica hill. janet yellen is going to be on the hill where she is going to be talking about the budget, and there is going to be plenty of questions about the budget and she is going to need a calm tone where she tells americans that their deposits are safe. we will bring that to you live. and the moment when a russian jet collided with a american drone causing it to crash into the ocean. we will show you how. we rebbring you to the statf the u.s. economy now. matt egan is joining us, and everybody is paying attention to the secretary this morning and the words, and she is getting out ahead of this a little bit with the words telling americans to be calm and their money is safe. yes, this is a big moment for the treasury secretary and she knows that confidence is a fragile thing, and she knows that it has been shaken by the failures, and she wants the americans to know that the money in the bank is safe, a
give a pause to the hike in rates to prevent putting other banks in danger? well, we have a very strict policy in the u.k. of saying that the bank of england is fully independent from finance ministry what we call the treasury here, and so they make decisions on the monetary policy uninfluenced by me, and i leave it to them, and since that system has been independent, the they have kept the inflation on the whole low, and i would never get involved with their decisions on the decisions of interest rates. and the interest rates is higher here than in the u.k. at 10%, and former secretary larry sommers described it that bank ing is only a fear.
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