at their record high today. but will the european central bank signal lower borrowing costs are on the way? bag pipes skirl. paying the piper! as scots everywhere celebrate burns night, we ll be speaking to one whose playing has bagged a global following. yes we have bagpipes in this programme. we start in the us where air safety chiefs have cleared a path for boeing 737 max 9 jets to return to the skies after dozens were grounded when a cabin panel blew off mid flight, forcing an emergency landing. the federal aviation administration says the jets can fly again once approved inspections are done. but in a blow to boeing, the faa says it won t allow any ramp up in production of the 737 max until it s satisfied about the company s quality control. earlier on wednesday, boeing s chief executive faced senators in washington. our north america business correspondent erin delmore reports. the boss of boeing said he understood the seriousness of the safety questions facing the co
quicklx the fed has tightened policy quickly. a increase in excellent bit over a year and that excellent bit over a year and that is excellent bit over a year and that is huge, historically it s a enormous increase and i think is a lot, a enormous increase and i think is a lot, there is one view that is a lot, there is one view that the is a lot, there is one view that the fed should wait to see the impact of what they have dona any break may be short lived. us inflation is still running well above the fed s 2% target. so the pain from higher borrowing costs to companies and to consumers is likely not over, according to diane swonk, chief economist at kpmg in the us, who believes the fed will raise rates again injuly. pauses not at an end. we have seen pauses not at an end. we have seen the pauses not at an end. we have seen the fed play overgrown with seen the fed play overgrown with words like skip they don t want with words like skip they don t want to
a new cnn exclusive. former at the present time donald trump subpoenaed for records after he was caught on tape, discussing how he held on to a classified document. cnn has learned his attorneys haven t been able to find that key document. critical details in a case that prosecutors could be building against the republican front-runner. mike pence cleared. he will not face charge in his classified documents investigation. we have these stories and more, ahead on cnn news central. we have exclusive new cnn reporting about the special counsel, and that audio reporting of former at the present time donald trump. sources tell cnn that they turned over documents can bed to a classified military documents, one that prosecutors hear mr. trump describing. sources also tell cnn there is a giant unknown. whether the document in question, an iran attack plan, was ever actually returned to the government. paula, lay out the question of what happened here. so, let s go back a few
hello and welcome to this special memorial day edition of inside politics. i m manu raju in for john king in washington. the president marking this memorial day at a stop at the tomb of the unknown soldier and thanking troops who gave their last measure of devotion to the country they serve. plus a debt deal. the stext of the deal is now ou. they must find a goldilocks rolled to get it to the president s desk. and chris sununu says he ll decide soon on a 2024 run but is the field already too crowded for anyone not named donald trump. first, a salesmanship test for the president the of the united states and the house speaker. n they struck a deal but now comes the hard part. the president must convince democrats he didn t give away too much. this morning new optimism that the middle out strategy will get enough members onboard to push the deal across the finish line. but there are already loud complaints too. progressives say the president opened up the door to draconi
world. i m laila harrak. thousands of people ordered to evacuate their homes in california as the storm-battered state endures another round of heavy rain and flooding. donald trump facing new legal woes. the former u.s. president now weighing whether to testify before a grand jury about his alleged role in a hush money scheme. plus, a major step for the middle east as iran and saudi arabia strike a deal to restore diplomatic ties. the surprise agreement helped along by beijing. we ll break down what it all means. announcer: from cnn center, this is cnn newsroom with laila harrak. we start this hour in california, where residents are getting battered by more storms, the result of yet another atmospheric river. at least two people are dead and nearly 10,000 people are under evacuation orders. more than 40,000 homes and businesses currently without power according to poweroutage.us. the central coast has been the hardest hit with creeks being turned into raging rivers