Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pinching pennies. And it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u. S. Debt. So certainly the Treasury Secretary is trying to call on congress and say we need a deal in the coming months. I spoke to a seni
tightened too much. indeed, suggests that we still have work to do. if you ever find an airline pilot said it worked with the federal reserve, get off that aircraft. the 16th largest u.s. bank chanced today and took a nervous stock market with it. the latest talk is that this might pause the federal reserve in this latest interest rate hike cycle. the betting seems to be when they gather next week, maybe no rate hike, period. neil: one year, can you believe it? a year ago today it all started. eight interest rate hikes later, the federal reserve must decide whether next week it should make it a ninth. even as credit swiss is receiving a $54 billion life line to keep it going. news hoff a $30 billion rescue for a bank, first republic. that helped stocks rebound. we re tracking it all, this incrediblier and where we stand now from main street to wall street, from the federal reserve to capitol hill to the white house as well. with rich and robert on what could be the ne
the measure. lucas tomlinson is on the lawn of the white house with more on the story. hey, lucas. jacqui, many people are wondering if the president is so concerned about the environment why doesn t he want to go to east palestine. the president says he wants to go, but didn t give an exact date. i ve spoken with every democrat in ohio and in pennsylvania and laid out what i think the answers are and we will be implementing an awful lot into of the legislature h here. as you mentioned off the top, jacqui, what some would call a negligent discharge, a memo was accidentally fired off or posted the biden administration looking to increase royal fees off the coast of alaska, despite saying lower fees would help attract investment. the department favored higher fees, it constitutes the balancing of economic and environmental factors. senator joe manchin says he s outraged by the memo and says to fox digital is crystal clear that this administration is putting their radica
cnn newsroom with max foster and bianca nobilo. hello and warm welcome to our viewers joining us in the united states and around the world. i m max foster. bianca off this week. just ahead on cnn newsroom. reporter: brian walshe facing murder charges in the mysterious disappearance of his wife, ana walshe. even without the body you re going to have enough evidence seemingly to focus on nobody else but him. trying to draw a contrast with the way trump has handled his own documents issues. they re trying to draw a picture of cooperation. you guys can ask me this 100 times, 200 times if you wish, i m going to keep saying the same thing. reporter: aviation experts are calling it a narrowly avoided disaster at new york s john f. kennedy airport. they were in the wrong place at the wrong time. announcer: this is cnn breaking news. it s wednesday, january 18th. 9 a.m. here in london. 11 a.m. in kyiv, ukraine. we re following this breaking news for you developin
irwin joining us with. and kay la, i will start you with. at the windy white house there, as it relates to what we re hearing from the treasury secretary, and from cnbc language, to plain english here, what it means. well, it s significant because the treasury secretary is saying that as of early june, the federal government won t be able to pay its bills anymore. it s allowed by congress to borrow up to $31 trillion and change, but it s going to hit that number next thursday. after that point, treasury is going to be looking under couch cushions to try to finds some additional money. it will be pinching pennies. and it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u.s. debt. so certainly the treasury secretary is trying to call on congress and say we need a deal in the coming months.