Higher savings for some. In the last half an hour, weve had this reaction to the rate rise from the chancellor, jeremy hunt. Well, of course any rise in Interest Rates is a worry for families with mortgages, for businesses with loans. But underneath that decision is a forecast that says that this time next year, inflation will be 2. 8 and we will have avoided recession. What the Bank Of England governor is saying is that we have a plan that is bringing down Inflation Lay solidly, robustly and consistently. So the plan is working but what we have to do as a government is make sure we stick to that plan and dont veer around like a shopping trolley. We stick to that plan so that families and businesses can start to feel the benefits of that plan actually working. So, jeremy hunt says the government is sticking to its plan. But this was the reaction from labours shadow chancellor, rachel reeves. The government need to take responsibility for the fact that inflation in the uk is much higher
Trial. Well have expert legal analysis for you on that in just a moment. Also ahead, the end of an era for Senate Republicans. The partys longest Serving Leader in the Upper Chamber is stepping down at the end of the year. Well take a look at Mitch Mcconnell legacy and who could replace him. And that comes as congressional leaders now have a deal to fund part of the government for a few more weeks, giving lawmakers a little more time to get a lot done. O get a lot done good morning, and welcome to way too early on this thursday, february 29th, a weekday, just what we needed this year to be a little longer. Im jonathan lemire, thanks for starting your day with us. And we begin with some massive news that broke late yesterday. The Supreme Court has agreed to consider former President Trumps claim of president ial immunity in his federal election interference case. The conservative courts decision to hear the case will further delay a potential trial. The high court has scheduled argument
president zelenskyy in lithuania as the alliance declares ukraine s future is in nato. our nbc news reporters are following all of the latest developments and we begin with ukraine s big ask at the nato summit. nbc s kelly cobiella is following that story from kyiv. so what is president zelenskyy walking away with after this summit? reporter: yeah, well, chris, we all know that he wanted those promises from nato that they would have a firm time line for joining the alliance. he said there were a lot of positive outcomes, even though he didn t get what he went there to achieve. just take a look at some of the things that he did get, and chief among them is this security guarantee from g7 countries. unwavering support pledged from the g7 and security guarantees which essentially mean they have committed to supporting ukraine s right to self-defense, focusing on air defense artillery, armored vehicles, air combat, intelligence sharing and reconstruction and recovery, so long-t
already. the blizzard conditions and now the tornado threat as we go into the night. more than 40 states on alert. heavy snow, strong winds, and flooding, and then the east gets hit tomorrow. rob marciano standing by to time this out. also, the breaking news from fort worth. those images just coming in, investigating an explosion. multiple injuries already reported tonight. they are going from room to room in that hotel, searching for possible victims. first responders at the scene. matt rivers in texas for us. the new discovery after the terrifying moments onboard that passenger jet, when part of the door ripped off at 16,000 feet. cell phones sucked out of the cabin. a teenager s t-shirt ripped off. a key piece of the plane found in a backyard in oregon. now, we learned what was known about that plane a month ago and what inspections have just revealed tonight. several other passenger planes affected, and gio benitez reporting. stunning new details about the effort to
quicklx the fed has tightened policy quickly. a increase in excellent bit over a year and that excellent bit over a year and that is excellent bit over a year and that is huge, historically it s a enormous increase and i think is a lot, a enormous increase and i think is a lot, there is one view that is a lot, there is one view that the is a lot, there is one view that the fed should wait to see the impact of what they have dona any break may be short lived. us inflation is still running well above the fed s 2% target. so the pain from higher borrowing costs to companies and to consumers is likely not over, according to diane swonk, chief economist at kpmg in the us, who believes the fed will raise rates again injuly. pauses not at an end. we have seen pauses not at an end. we have seen the pauses not at an end. we have seen the fed play overgrown with seen the fed play overgrown with words like skip they don t want with words like skip they don t want to