prevents the worst possible crisis, default for the first time in our american history, economic recession, millions of jobs lost and protects key priorities, accomplishments and values that congressional democrats and i fought long and hard for. president biden and house speaker kevin mccarthy have a deal to raise the debt ceiling in exchange for spending cuts. we will go through what is in the agreement and the reaction from lawmakers on both sides of the aisle. we have new reporting on the evidence that manhattan prosecutors have in the hush money case against former president donald trump. also ahead, the latest from the war in ukraine following the largest drone attack yet by russian forces on kyiv. good morning. it s 8:00 a.m. on the east coast on this monday, may 29th memorial day. i m jonathan lemire. joe, mika and willie will be back with me live tomorrow. let s dive into the news. in washington, a deal has finally been made over the debt ceiling. we have goo
attended the inauguration of the new bank in shanghai on thursday. the new development bank is set up by the brics group, and president lawler said the new financial institute freeze developing countries from establishment. a business reporterjoao da silva has more on the significance of this trip. the goal, in his own words, is to strengthen the relationship and at least when it comes to business ties already significant, china s brazil s biggest export market, each year buying tens of billions of dollars worth of natural resources and agricultural products, including soybeans, iron ore, oil, and beef. while brazil, according to chinese state media, is the biggest recipient of chinese investment in latin america. president lula da silva is more of it if he is to boost result s stagnant economy, that is why the brazilian government expects more than 20 bilateral agreements to be signed during his trip was not as part of the deeper ties, they have already agreed to allow busin
inauguration of a new bank on shanghai. the new development bank has been set up by the brix group, that s brazil, russia india and china and south africa and president lula said the new financial institution frees developing countries from established ones our business reporter has more on the significance of this trip. on the significance of this tri -. , ., ., , trip. the goal in his own words is to strengthen trip. the goal in his own words is to strengthen the is to strengthen the relationship. and at least when it comes to business ties our already pretty significant. china is brazil s biggest export market, each year buying tens of thousands of billions of dollars of natural resources and agricultural products, including soybeans, iron ore, oil and be for that while brazil according to chinese state media is the biggest recipient in latin america. president lula da silva needs more of it if these two bruised brazil s stagnant economy. that s why the brazilian gover
let s take you through what today will look like. the current prime minister, liz truss, held her fourth and final cabinet meeting starting about an hour ago. she is due to make a statement outside number 10 at around 10:15, before travelling to buckingham palace for an audience with king charles. after this, rishi sunak will head to the palace, where he ll be invited to form a government. then it s back to downing street, and the new prime minister will address the nation at around 11:35. and over the next 2a hours, we can expect to see a trickle of cabinet appointments which will start to shape what rishi sunak s government will look like. of course, not just of course, notjust appointments, but the message too. what is the message is likely to be when he appears at the podium which is just being put up behind us? first of all four at liz truss, then for a rishi sunak later on. keeping us company throughout the morning as we follow these events is nick eardley, our chief po
my some mps have called for a u turn. my advice to the prime minister would be to do it, do it now, something that will be firm, bold and convincing. liz truss has faced growing calls from within her own conservative party to rethink her economic plans. labour, the principal party of opposition in the uk, says a u turn would mean liz truss has to resign. liz truss who got us into all this trouble, rowing backwards desperately, not knowing where she s going, what would what good would that do for britain? good afternoon. if you have just joined, if you havejustjoined, welcome if you have justjoined, welcome to bbc news. the bbc has been told kwasi karteng is no longer chancellor. it s not yet clear if he s been sacked or if he s resigned. this morning he rushed back to london to see the prime minister, after cutting short a trip to washington. it follows turmoil on the finanancial markets after his mini budget last month. the prime minister is about to hold a news conferenc