Notice, blaming the stand off over the debt ceiling which was ultimately lifted any last minute bipartisan deal. The feud was cited by fitch is one of the reasons for the downgrade. Make no mistake, this is a major black eye for america. The us treasury, essentially government ious are seen as the bedrock of the Global Financial system. Fitch is essentially pointing out there is an erosion of trust in american leadership. Given the death and perceived safety of us treasuries, this downgrade is not likely to change its role in the financial system. Likely to change its role in the financialsystem. It likely to change its role in the financial system. It could, likely to change its role in the financialsystem. It could, however, make it potentially harder and more expensive for the government to borrow in the future. Right now the Us Government owes 30 trillion in debt. Fitch is highlighting that the Us Government has too much debt doesnt have a way to bring it down. And at washington at
our main story that is dominating through the course of today. nato meeting going on in the g7 members ratified a wide ranging security pact with ukraine and that is a significant development. we have heard a variety of parties in the main leaders and news conferences, we are waiting forjoe biden and let us show you live pictures of the university because joe us show you live pictures of the university becausejoe biden is expected to appear there in the next few minutes in those pictures and introductory remarks are being made we are expecting his final news conference at the summit today and so, both of those are expected in the university for support. but we will do is we will leave those pictures there on the screen to you as we move on in terms of what we take you through in the next couple of minutes but you will not miss a minute there ofjoe biden just as soon as he starts to speak. our europe editor has been catching up with nato s secretary general as result of that n
I can feel the music. Its such a good vibe. For generations, its where italians have been holidaying, but is the secret out . This is in a place thats steeped in tradition and at the same time, its rapidly modernising. Known as the land of two seas, you are never far from the coast. Oh, its so refreshing for the longest time, many of its ancient stone towns have been rapidly declining but now, the call s going out around the world for people to live, buy and invest here. This is unbelievable. Look at these views. This is totally unique and a rooftop pool, forfree, from the government. Come on. But how will it keep that balance between staying authentic and affordable. Buongiorno. Buongiorno, buongiorno . Whilst opening up to the world . This week, im in puglia. Now, ive travelled a lot through italy. I love this place. Theres great food, theres great wine. But this is my first trip into the heel of the country. In recent years, the area has become more popular with tourists, but also w