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.
Minister Fumio Kishida and a range of other topics in boston, democratic strategist mary anne marsh. And from london, former conservative mpjustine greening. First the latest headlines. Israel has confirmed its killed three adult sons of the hamas leader, ismail haniyeh, with an air strike in gaza. It described them as military operatives on their way to carry out terrorist activities. Mr haniyeh, whos based in qatar, said his Family Gathering for the final day of ramadan. Israel has confirmed its killed three adult sons the European Parliament has approved a contentious reform of its migration and asylum rules. It will speed up requests from irregular migrants, and repatriation if their deemed inadmissible. Poland says it wontjoin the mechanism to share hosting of migrants. The worst flooding in almost a hundred years has hit russia and kaza kstan. More than 100,000 people have been evacuated. In the russian city of 0renburg home to half a Million People the water has reached dangerou
Its high Interest Rates. North America Business correspondent Erin Delmorejoins Me now. Good to see you. Put a bit of contact around the numbers for us. Sure, so this is not the Inflation Report a lot of people were looking for because remember, we saw hotter than expected Inflation Injanuary and february today we see that data again in march. And not only is it higher than expected, but we are seeing this trend upwards. And thats not what the fed wants to see when they talk about Cutting Confederates Interest Rates this year. The expectation when wrapping up year. The expectation when wrapping up 2023 was we could see as many as three Interest Rates cuts this year, as soon asjune. But when you see inflation is sticky and persistent as we see in the data, that becomes harder to envision, and indeed when this came out at 8 30am est today, you saw the expectations for that june Interest Rates cut drop. find june Interest Rates cut drop. And how does that june Interest Rates cut drop. An
To face his former club. The rearranged Scottish Premiership game between rangers and dundee was called off earlier at dens park, due to a waterlogged pitch with second placed rangers accusing the home side of negligence and unprofessionalism. The surface was deemed 0k earlier, but heavy rainfall later in dundee meant the pitch was unplayable after a second inspection. The games been rearranged again for a week today, with rangersjust a point behind celtic, following sundays thrilling 3 3 derby draw at ibrox. And this is philippe clements sides game in hand over their city rivals. Liverpool Managerjurgen Klopp has urged fans protesting about Ticket Prices to support their team against the italian Side Atalanta in their Europa League quarter final first leg on thursday a Supporters Group has announced that therell be no flags in the kop end at anfield for the game, in protest against the clubs decision to increase the price of tickets. Klopp says he understands why the fans are upset. I