u.s. the debt limit is now set for a vote on the house floor in the coming hours. the republican say that the speaker s job is on the line. depending on how it goes. [sirens] air raid sirens sound in japan, and south korea after north korea tried. but failed to launch this space spy satellite into space. but it s time we impose our will on washington d.c., and you can do any of this if you don t win. ron desantis kicks off his 2024 presidential campaign, in iowa with some not so subtle digs at his one time ally, former president donald trump. so, a deal to avoid defaulting on tens of trillions of dollars of debt is moving forward. but the u.s. government it, is by no means out of the. what s now, in the coming, hour two u.s. house members will vote on the bill to raise the debt ceiling as well as other measures tapped on to the spending limit. well some lawmakers seemed confident they will get the vote to send the bill to the senate, the house speaker will be busy trying
all these interlocking global forces meant i had one question for one of the most important people in globalfinance, the managing director of the international monetary fund. kristalina georgieva, a real pleasure, my friend, having you on this show. and kristalina, let s start with this, because you ve recently said a third of the world is heading into recession this year. how deep do you think the recession could be? what we are looking into is a tough 2023. as you know, we are already experiencing labour market disruptions. when inflation cuts the spending power of people, sooner or later they demand higher wages and if they don t get it, they re on the street. and that kind of disruption we have to be prepared for. and if i have one message to policymakers today, it is, please look into the way you can protect the most vulnerable people given that fiscal conditions are tight, and anticipate the impact of high interest rates on labor markets early . and it wasn t just war
not normal. no, it wasn t. then, it s not now, as we approach the one year anniversary of the uvalde shooting, i mean us speak to states, enron gutierrez, who i spoke to on the ground in uvalde when you are. go and has been fighting for change ever since. you do not want to miss that incredibly important conversation, stick with me for that. we want to begin with the 2024 presidential race, or the lead up to it. ramping up with less than eight months until the iowa caucus, south carolina temps, got violent network on friday to throw his hat into the ring. he is joining a gop primary field that well crowded has yet to see a candidate pose a real challenge in the polls to donald trump. axios reports, is joining me now, with more on this. sophia, thanks for joining us on this. we appreciate it. just hours before tim scott made it official, you, in fact, where that is launching a nearly 6 million dollar ad buy in iowa and new hampshire as well. where does he stand in this rac
Thank you for sharing your day with us. Joe bidens lawyers confirm a second batch of classified files were discovered in his delaware home. The president says hes fully cooperating, but cant resist sniping at reporters questions. Classified material next to your corvette. What were you thinking . Let me ill have a chance to speak on this, good willing, soon, and as i said by the way, my corvette is in a locked garage. Its not like its sitting out in the street. Plus, a picture of fraud. More and more republicans plead with congressman George Santos to quit as we get a glimpse of his resume full of outright lies. And American Families exhale as new data Show Inflation is easing. Is it a return to normal or is a recession still on the table . Up first, the Attorney General makes a Public Statement next hour, as questions mount about how he will handle a blossoming controversy involving his boss. Joe biden also had classified files in his delaware garage. This morning the president and hi
that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank s assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large. the tech sector has seen layoffs and funds been sold off. that has led to panic. that s led to group chats of founders of vcs all abuzz with what to do with svp. that led to panic. nobody wants to be the last customer held at a bank. help break down all those affected. svb was the premier bank in silicon valley. we ve seen tech companies banking at svb as kind of a badge of honor. right now we