process about $290 billion and in addition, also changes the circumstance for people on medicare by putting a cap of a maximum $2,000 a year they have to pay no more than $2,000 a year no matter how many prescriptions they have. for all the prescription drugs. which is especially important for people with cancer, and long-term diseases. it s a god send. literally be a god send for many families. second, the bill locks in place lower health care premiums for the next three years for millions of families that get coverage under the affordable care act. average savings of $800 a year for 13 million people. third, invests $369 billion, granted i call for 500 plus, but invests $369 billion to secure energy future and address the climate crisis, bringing down family energy bills by hundreds of dollars by providing working families tax credits. it gives folks rebates to buy new and efficient appliances and weatherize their homes, and tax cuts for heat pumps and rooftop solar, and ta
Several Republican Leaders are coming together outside the manhattan courthouse with the new york versus donald trump trial is underway. They are all joined together in support of trump and to stand up to what they say is an abuse of our judicial system. It is a remarkable showcase of unity the republican party, at this coming together to defend trump and what they are calling a politically motivated trial. Trump is of course the presumptive nominee for the United States, we all know that but instead of spending every day campaigning in Battleground States are meeting with voters across the country, he has been inside of the courthouse. The one you are looking at, the one that he called the icebox as he is listening to hours and hours of testimony. Today for a second day understand a convicted felon and admitted liar and a former attorney, Michael Cohen. Donald trump cannot speak about the trials he has a gag order that has been put him and the threat of jail time if he violates it. To
Faisal islam the latest geopolitical tensions and how it could drive up prices for all, especially poor countries. Weve got ourforecast down from 1. 7 in april, down to 0. 8 . We have already said risks were the downside when we made this forecast was down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board in most sectors and most geographies. Thats why we cut the forecast. How much of this is actual policy . Were hearing from the west this idea of nearshoring, or income of Rebuilding Supply Chain away from east asia. How much of this is here to stay and how much of a problem is that . We saw there is more to it ongoing now within politically similar blocks number between locks that are dissimilar. That is some indication. We look at certain sec
A reminder of the breaking news this hour. Apologies for the departure of our camera. Israel has told the United Nations that more than a million palestinians must leave the Northern Gaza Strip further blasts have been heard overnight in gaza, as Israeli Forces aim to eradicate the Hamas Militant Group in the wake of saturdays attacks. This is the scene live in gaza where it has just gone 7 30 in the morning. The un said the order by the Israeli Military also applied to all of its staff and those sheltered in un facilities, including schools, Health Centres and clinics. An hamas official, quoted by the reuters newsagency, said that the Relocation Warning from israel was fa ke propaganda. That is the life seen over gaza as we entered the seventh day of this conflict. At other points we have seen fresh plumes of smoke over the area, indicating fresh rocket fire coming into the area. We have had heard so many humanitarian issues, shortage of supplies and hospitals. We will return to any b