Hello there. Welcome to newsline. Its wednesday january 2nd. Im Catherine Kobayashi in tokyo. Politicians and pundits have warned for months of the dangers as the United States pushed closer to the fiscal cliff. They warned simultaneous tax increases and spending cuts would push the economy back into recession. Members of the Senate Passed a bill aimed at steering the country away from the edge. But lawmakers in the house of representatives say they dont like the deal. The senate sent the bill to the republicandominated house early on tuesday. It would raise taxes on people who made 400,000 or more and couples that earn 450,000 or more. It maintains tax cuts for the middle class. The bill postpones by two months major spending cuts scheduled to start on wednesday. House Democratic Leader Nancy Pelosi called for a bipartisan agreement to head quickly to a vote. But House Speaker john boehner said many republicans are unhappy and want to rework the bill. Theyre calling for more cuts to s
Hello there. Welcome to newsline. Its wednesday january 2nd. Im Catherine Kobayashi in tokyo. Politicians and pundits have warned for months of the dangers as the United States pushed closer to the fiscal cliff. They warned simultaneous tax increases and spending cuts would push the economy back into recession. Members of the Senate Passed a bill aimed at steering the country away from the edge. But lawmakers in the house of representatives say they dont like the deal. The senate sent the bill to the republicandominated house early on tuesday. It would raise taxes on people who made 400,000 or more and couples that earn 450,000 or more. It maintains tax cuts for the middle class. The bill postpones by two months major spending cuts scheduled to start on wednesday. House democratic leader ncy pelosi called for a bipartisan agreement to head quickly to a vote. But House Speaker john boehner said many republicans are unhappy and want to rework the bill. Theyre calling for more cuts to soc
Couples that earn 450,000 or more. It maintains tax cuts for the middle class. The bill postpones by two months major spending cuts scheduled to start on wednesday. House Democratic Leader Nancy Pelosi called for a bipartisan agreement to head quickly to a vote. But House Speaker john boehner said many republicans are unhappy and want to rework the bill. Theyre calling for more cuts to social security. That could set up a showdown with the senate and risk turmoil on financial markets. Irans navy conducted a sixday drill near the strait of hormuz in the persian gulf. Its the countrys latest show of strength amid sanctions and criticism by the u. S. And europe over its nuclear development. The iranian navy launched missiles called ghader on tuesday successfully destroying its targets at sea. Military analysts say the weapon was recently developed to attack foreign warships deployed in the persian gulf. The navy has been holding the drill from the strait of hormuz to the northern part of
More than a quarter of a million coronavirus cases in 2a hours, the largest single day global rise in cases since the start of the pandemic. Borisjohnson says that in the uk, he does not believe another nationwide lockdown will be needed, even if theres a second spike of coronavirus this winter. Eu leaders meet for an unscheduled third day of talks on a post coronavirus economic recovery plan. And the First Official photos of the wedding of princess beatrice and italian count Edoardo Mapelli mozzi from their private ceremony on friday attended by the queen and the duke of edinburgh. Hello and welcome if youre watching in the uk or around the world, and stay with us for the latest news and analysis from here and across the globe. Chinas ambassador to the uk has accused the west of starting a new cold war with beijing. In an interview with the bbcs andrew marr, Liu Xiao Ming claimed the uk had last week purged the telecoms giant, huawei, from its 56 Data Networks because of pressure from
Eu leaders meet for an unscheduled third day of talks on a post coronavirus economic recovery plan. Lebanon faces economic ruin as the countrys currency loses 80 of its value against the dollar resulting in soaring prices. And the First Official photos of the wedding of princess beatrice and italian count Edoardo Mapelli mozzi from their private ceremony on friday attended by the queen and the duke of edinburgh. Hello and welcome if youre watching in the uk or around the world, and stay with us for the latest news and analysis from here and across the globe. Chinas ambassador to the uk has accused the west of starting a new cold war with beijing. In an interview with the bbcs andrew marr, Liu Xiao Ming claimed the uk had last week purged the telecoms giant, huawei, from its 56 Data Networks because of pressure from President Trump. He was asked if his country planned to punish British Companies operating in china as part of its response. We do not want to politicise the economy, that i