I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. If so, it could take the cost of borrowing up to a 15 year high. Consumer inflation has come down more than expected
Favour over the past month. Weve seen sterling rise that will help temper the Price Pressures from imports. Weve also seen other pressures in the markets where theyve been raising some questions about the Bank Of Englands credibility, as in Mortgage Rates going up without decisions being made that has all calmed down, too. And the public s expectations of where inflation is going, which were really very high, have now begun to temper. So thats also going in the banks favour. But a crucial issue is that they have raised rates by 5 the impact of that has really taken some time to filter through into the economy, there is sort of turning the type of rate rises on. Turning the tap. We are beginning to see the impact of that now weve seen in the Housing Market, weve seen it in some corporate insolvencies too. So that all leads back to this Balancing Act between crushing inflation, but avoiding a downturn its a tight rope and we are probably approaching the most narrow, trickiest part of tha
Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments Andrew Bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross scenario for the uk. Scenario for the uk. And, a fine line in terms scenario for the uk. And, a fi
[inaudible] [inaudible] additional investments to better protect the health and wellbeing of our constituents across america. Those of us who care about the future, and i think that is everyone of us, want in epa that has the resources that it needs to take common sense steps to combat the greatest threat that we face today, Climate Crisis. Every day we see the signs of the crisis, wildfires ravaging the land, polluting air filling our lungs, extreme heat, communities and much more. Here and around the world we repeatedly sound the alarm to reduce the emissions and a slow change for the health of the planet and our people. In 2023 the United States experienced 28 climate disasters. Let me say that again. 2023 looming United States experienced 28 climate disasters. For comparison, the u. S. Experienced only seven climate disasters in 2013. Only seven and 2013. In ten years the number of climate disasters has literally quadrupled. On top of that, the disasters the country experienced las
Comcast supports cspan is a Public Service along with these other Television Providers giving your front receipt to democracy. Environmental Protection Agency administrator Michael Regan testified on President Bidens 2025 budget request before the Santa Barbara public works committee. He was asked a recently announced role involving power plant pollution reduction and to questions on Water Infrastructure, concert about overreach at the epa. This is about to one half hours. [inaudible conversations] [inaudible conversations] good morning, everyone. [inaudible] [inaudible] [inaudible] additional investments to better protect the health and wellbeing of our constituents across america. Those of us who care about the future, and i think that is everyone of us, want in epa that has the resources that it needs to take common sense steps to combat the greatest threat that we face today, Climate Crisis. Every day we see the signs of the crisis, wildfires ravaging the land, polluting air fillin