Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pinching pennies. And it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u. S. Debt. So certainly the Treasury Secretary is trying to call on congress and say we need a deal in the coming months. I spoke to a seni
irwin joining us with. and kay la, i will start you with. at the windy white house there, as it relates to what we re hearing from the treasury secretary, and from cnbc language, to plain english here, what it means. well, it s significant because the treasury secretary is saying that as of early june, the federal government won t be able to pay its bills anymore. it s allowed by congress to borrow up to $31 trillion and change, but it s going to hit that number next thursday. after that point, treasury is going to be looking under couch cushions to try to finds some additional money. it will be pinching pennies. and it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u.s. debt. so certainly the treasury secretary is trying to call on congress and say we need a deal in the coming months.
On bauers take it to the chancellor shipped to us inside the russian fake news factory it was a lower tells you know you news that the people indicted for alleged meddling in the u. S. President ial election are just the tip of the iceberg. Also coming up in the next sixty minutes and they tend n. P. R. Chatting sees a Winter Olympics debut as new warnings of big air competition wows the crowds in south korea and. Then were live at the red carpet for the hot wind bark at the twenty eighteen Berlin International Film Festival well give you our picks so i thought that coveted gold and that. Laid a hallmark thanks very much for your company every. On human rights monitors say the Syrian Government has stepped up its bombardment of a rebel held area close to the syrian capital damascus killing scores of people the syrian observatory for human rights says the Government Air raids on Eastern Ghouta have killed seventy one people over the past twenty four hours and injured three hundred twent
A. Woman back home full of bones and social norms and informed them about deadbeats and rights my name is the amount of the who and i. Need to. Do to. Control the Central Banks gov under investigation for bribery the u. S. Accuses a lot of Money Laundering. Electric dreams come true for the swedish students behind the scenes by the funding and orders are rolling in. And indias economy is booming propagates a logistics nightmare for delivery man how some start ups to turning to tech to tackle the challenges. Lets do Business Banking Officials Say eat. Gone away with bribery for years hes a key member of the e. C. B. And governor of latvias central bank now under investigation is still the only financial scandal to hit the baltic nation one of its biggest banks is accused of busting sanctions on north korea. Latvias top banking official illness from savage arriving at the countrys Anticorruption Agency rim savage seen here wearing a cap was questioned by authorities after they raided his
Accused of doing business with north korea and that the spite sanctions. The law to be an Anti Corruption agency is starting a criminal probe against the countrys central bank chief bill mahers run seven hes suspected of taking bribes calling it the rules of the game for successful banking in the country he allegedly demanded one hundred thousand euros a month in bribes from the owner of the life in bank norvig banka the Financial Institution then filed an International Complaint not be as finance minister sought to offer reassurances. Welcomed. I can assure you that theyre not then fine and system is stable banks dont have the credit issues so depositors can feel completely safe. Obviously order to protect the finance sector stability and reputation i think that room service should resign from his post while the investigation is ongoing its not going to go as a result of a second scandal the e. C. B. Stopped all a. B. L. The Bank Payments on one of the countrys biggest banks it was ac