we begin in the us, where the treasury secretary janet yellen has sounded a stark warning over the country s debt ceiling. this is the amount of money the us government is allowed to borrow to pay for pretty much everything they do. speaking to abc, she says that if lawmakers fail to raise that ceiling the us could be left unable to pay its bills by the beginning ofjune. it is congress s job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and the us treasury can take to prevent that catastrophe. russ mould is investment research director at aj bell. we have been here before. all of the same warnings that the us could tape off a cliff if it doesn t raise the debt ceiling and yet more warnings. yes, we have and i think the us debt ceiling has been raised 75 or 80 times in its history and we have had eight government shutdowns while a new debt ceiling has been wor
business stories. i m sally bundock. we start here in the uk, and what else but the coronation of his majesty king charles? as we ve been hearing, it s been an historic weekend, from the pomp and pageantry and a bit of rain on saturday to a day of street parties and a night of fantastic music to round off the celebrations. all driving some serious weekend spending, predicted by retailers to be worth something in the region of almost £1.8 billion. but as many continue to struggle with the current high cost of living, how long can the spending optimism last? katrina bishop is from consumer research company niq. let s talk this through. katrina, a warm welcome to you. morning. katrina, a warm welcome to you. morninu. ., . , , . morning. for many sectors in the uk that morning. for many sectors in the uk that have morning. for many sectors in the uk that have been - the uk that have been struggling, like hospitality, this was a huge boost, wasn t it? it this was a huge boost,
karaoke has popped up at the stillness. were inside they are working on musically themes jewellery. working on musically themes “ewelle . ., , working on musically themes “ewelle . ., v ., working on musically themes jewellery- jewellery. that s a guitar, a trile jewellery. that s a guitar, a triple cleft. jewellery. that s a guitar, a triple cleft, we jewellery. that s a guitar, a triple cleft, we have - jewellery. that s a guitar, a triple cleft, we have some. triple cleft, we have some cufflinks in the shape of a guitar we hope will do well through the eurovision. i think it s a huge opportunity, obviously we have got thousands of people coming to liverpool, we can showcase what liverpool is about. , ~ is about. does it feel like that has is about. does it feel like that has already - is about. does it feel like that has already lifted . that has already lifted people s spirits? definitely. and people people s spirits? definitely. and people like people s spirits? d
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