the bank of england may feel it needs to put up interest rates again. the inflation data over the next couple of months will be really key in determining which side of those views is right whether the bank actually have done enough when it comes to increasing rates, or whether they will need to do more. which means, after the living costs we ve been through, you ve got £3.78 monthly. here at the stepchange debt charity in leeds, they help people who have been pushed to the edge by a year of rapidly rising prices. a lot of people dealing with council tax arrears, rent arrears, energy bills that they just can t afford. more than anything, the.perhaps sort of the cost of living crisis seems to have tipped people over from being in a position where they were in debt but managing, to now they can t afford their kind of basic needs and their basic budget with the debt payments on top. lower inflation should be a sign that the cost of living squeeze is getting a little
interest rates again. the inflation data over the next couple of months will be really key in determining which side of those views is right whether the bank actually have done enough when it comes to increasing rates, or whether they will need to do more. which means, after the living costs we ve been through, you ve got £3.78 monthly. here at the stepchange debt charity in leeds, they help people who have been pushed to the edge by a year of rapidly rising prices. a lot of people dealing with council tax arrears, rent arrears, energy bills that they just can t afford. more than anything, the.perhaps sort of the cost of living crisis seems to have tipped people over from being in a position where they were in debt but managing, to now they can t afford their kind of basic needs and their basic budget with the debt payments on top. lower inflation should be a sign that the cost of living squeeze is getting a little easier but even then, it s not expected to get back to normal unti
trolls care about are kicking low-paid working-class people for fun, sucking up to donald trump and just like matt gaetz said out loud, holding america hostage. i am joined now by maryland democratic congressman jamie raskin the ranking member of the oversight committee to investigate january 6th. always good to speak with you, congressman raskin. i have to tell you the joking and trolling and the lip balm disgusting option really infuriated me today as a story and i ll tell you why. let me put up this full screen. these are the debt payments that are at risk starting june 1st. $10 billion in military pay and retirement pay for our veterans. right before memorial day. $47 billion to medicare providers and 25 billion in social security benefits for our seniors and 1 billion in s.n.a.p. food and benefits to help kids eat and 6 million in medicare and a billion in individual tax refunds for people who filed their taxes and
heard from goldman sachs saying the cash could be extended to june 8th or nine, but they agree you have to get it done, you can t just get it done on the x date, there are some other approvals you have to go through. time is of the essence. we have been talking about this and people at home think oh, the debt ceiling does not apply to me. the reputation of the country is on the line. you never want to be putting this stuff into question about if we can pay our debts or not. so i agree, brian, i ll let you weigh in, you have to get it done to get the approvals in place before the debt payments are due. what i don t like, biden is already going to don t blame me. he said i m blameless, don t blame me. that is false. he is the president of the united states. if anybody owns this, it is him. it is his spending that has stood in the way of getting this done. he has not come to the table, not been active on this. mccarthy is obviously still negotiating right now, but president biden simply
each agency is different they have their own methodologies. the moody s downgrade would only occur if the treasury missed a payment on the debt. i think that is highly unlikely. even if we breach, i suspect the treasury would prioritize those debt payments above everything else, at least for awhile. i think the ball for that is pretty high. it will be downgraded if there s a breach and it goes on for awhile. but the far here is pretty high. thank you so much. good to see you. up next, what tim scott is up against as he enters the 2024 presidential race. fellow republican nancy mace will be here. plus how a republican mega donor is defending his friendship and gifts to clarence thomas, as lawmakers question those luxury trips and other presence to the supreme court justice and the real life panic