off to, me welcome everyone. i m yasmin vossoughian. zelenskyy in japan for the g7 summit. he is getting major news on his arrival about what the u.s. and its allies are willing to provide his country. president biden is balancing global diplomacy with the debt ceiling standoff back home. frustrations are growing as the possibility of a default is looming. we should not give it to a ransom note. already, without defaulting, which is where the freedom caucus would like us to go, clearly, without defaulting we have already sent a signal to the world that we cannot be counted on to pay bills. that s incredibly alarming. the house passed a strong bill. it has great savings in it. and it s responsible, it puts us on the path. but they need to have reasonable conversations about how we can actually move forward, we re not gonna sit here and talk to them. you information about what the dea will reveal. a charging decision in the investigation that donald trump in georgia. plus,
week-long stay in space this hour of cnn this morning continues right now. overnight, president biden rushing back to washington from japan for these debt limit negotiations. just hours from now, he is set to meet with house speaker kevin mccarthy again. they ll meet at the white house. as time runs out to reach a deal on preventing basically economic calamity. there are less than ten days to go before the government potentially defaults on its debt. before he left the g-7 summit with world leaders, biden told reporters that many of the demands from house republicans have been, quote, unacceptable. i think there are some maga republicans in the house who know the damage that it would do to the economy and because i am president, and presidents are responsible for everything, biden would take the blame. and that s the one way to make sure biden is not re-elected. arlette saenz is live at the white house. arlette, good morning. kevin mccarthy did talk about the phone ca
rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden s spending plans. hello. a warm welcome to the programme. this is world business report, i m ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it previously thought. last month inflation slowed to 10.1% but that figure is still way above the bank of england s target. remember that target is 2%. let s speak to victorias, head of investment at interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a widely
condemn. the proud boys stand back and stand by. the proud boys celebrated that shout-out from then president trump during a debate in 2020. months later, members of that group would be heavily involved in the violence on january 6th. and now they are facing serious prison time for their actions. much more on yesterday s guilty verdicts in just a moment. meanwhile, in new york jurors in donald trump s civil rape trial heard more of his video deposition yesterday while taking through some of that testimony, and also ahead, more ethics issues for supreme court justice clarence thomas. this doesn t sound it s not good. it keeps on coming, and i m not sure what the consequence is here but it looks really bad. there is new reporting that clarence thomas wife was paid nearly $80,000 by a nonprofit that had a case before the high court. and her payments to her would come with instructions from leonard leo not to tell anybody she s getting the money. seems pr