april, but his remarks were quickly overshadowed, when he announced he would hold a major news conference this afternoon. sandra: actually is not happening. statement has since been clarified by the white house, saying there is no change to the president s schedule and there is no news conference. karl rove, doug, and jason will react to the puzzling comments, and where the heck is this american economy going from here. it has been quite a week. john: begin this friday with tensions, the justice department may be deciding on possible criminal charges for the president s son. the finish line in sight. sandra: and word could come in on any moment. this is america reports. refusal to lie low and plans to launch a legal defense fund. it could raise ethical questions over who is donating and whether they are trying to influence the president s policies. miranda devine, you ve always got your ear to the ground on these issues and these matters. what are you hearing on ten
six people killed as dozens of cars pile up in a crash caused in part by dust and strong winds. and no script for this, hollywood writers now on strike bringing production to many shows to a sudden halt. welcome to our viewers in the united states and around the world. i m countrhristine romans. president biden calling top leaders to the white house a week from today to talk about raising the debt ceiling. janet yellen said that the federal government face as catastrophic default as soon as june 1 if congress doesn t act. the money runs out june 1. in a letter, yellen writes after reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy the obligations potentially as early as june 1. and jasmine wright is live for us. this gives a date when all the bills can t be paid and the white house said it won t negotiate. so what does biden want to talk about next week? reporter: the process is president is looking to shake up th
well. it didn t end well. our administration did not end well. obviously, the administration did not end well. obviously, the administration did not end well. the administration didn t end well. it obviously didn t end well. it didn t end well. it did not end well. i think i m very clear in saying that the administration did not end well. hang mike pence! hang mike pence! yeah, that s not the fairy tale ending that you kind of hope for. tend to agree. it could be a while before we see new material from the late night talk shows. they re expected to go dark during the hollywood writers strike, which started at midnight on the west coast. it s the first major labor-related work stoppage in 15 years. meanwhile, on capitol hill this morning, there is more pressure on lawmakers and the white house to reach a deal on the debt ceiling. following a new warning from the treasury department. we ll also have the latest on the first republic banking collapse. the third financi
by about twice the global average. it s already increased by 2 degrees celsius. 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by fellow swiss bank ubs after a deal brokered by the swiss government. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international financial markets. these three goals are very, very important to us. we
a weekend of fraught negotiations in switzerland, as the authorities there, its central bank and leaders of its two biggest banks tried to prevent another damaging financial crisis. late on sunday, it was announced the troubled bank credit suisse was being taken over by its rival ubs in a government backed rescue worth more than $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and by the us federal reserve. but not everyone s happy. credit suisse bondholders have lost $17 billion, shares in both banks have slumped, and there has been a sell off of banking shares across the markets today. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it mea