on us and global economies. so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague samira hussain has been investigating. the first of all, this debt ceiling crisis is actually a political crisis. itjust happens to hinge on a months pass piece of legislation to save the nation from economic catastrophe. so what exactly happening? weeks to go before the federal government is unable to pay its bills. will the us government spend more money that it brings in. so it needs to boro money to pay its bills. it can only boro a certain amount of money. and if it needs to boro more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but the us presidentjoe biden says no way. you need to pass this legislation with no strings attached. so off to the white house the two warring political
a nightclub in birmingham on monday. one man was arrested in birmingham, the other in london. you are watching bbc news. now on bbc news, it s time for review 2022. and it s been a big year with a bit of everything for sports fans from france s win at the rugby six nations to lionel messi lifting the world cup with argentina. here in the uk, england s women won football s european championship and birmingham hosted the commonwealth games. adam wild looks back now on the year in sport. even before 2022 began, this looked an extraordinary year. a sporting calendar still catching up, rebuilt and rescheduled after being ravaged by covid. but as the new year began, the australian open reopened the debate. he shouldn t be allowed to come. it s his choice not to be vaccinated, which is fine. and it s, ithink, the government here has made the choice that, you know, you should be vaccinated. i support the freedom of choice. and nowak is the symbol of freedom of choice at this particu
police in liverpool, in the north of england, are hunting a gunman after a 26 year old woman died and 4 were injured in a pub shooting on christmas eve. three aid organisations have suspended their activities in afghanistan, in response to a ban on women working for humanitarian agencies. in a joint statement, care, the norwegian refugee council and save the children said they could not effectively reach afghans in desperate need without their female staff. now on bbc news it s time for review 2022. and it s been a big year with a bit of everything for sports fans from france s win at the rugby six nations to lionel messi lifting the world cup with argentina. here in the uk, england s women won football s european championship and birmingham hosted the commonwealth games. adam wild looks back now on the year in sport. even before 2022 began, this looked an extraordinary year. a sporting calendar still catching up, rebuilt and rescheduled after being ravaged by covid. bu
hello, and welcome to bbc news. a sudden heatwave that has triggered foreign spies across europe has no signs of easing up. and you temperature records look to be on the way. the heat is thought to have claimed many lives, possibly hundreds, and our correspondent bethany bell has this report from malaga. fire crackles. wildfires are raging in spain after days of intense heat. firefighters battled the flames in extremadura in the west of the country. in the south near malaga, a popular tourist area, at least 3000 people have been evacuated from their homes. when we arrived, a new fire had just broken out in the woods. helicopter whirrs. 0verhead, helicopters carrying water returned again and again to try to put out the flames. fires keep breaking out in these hills, and it is a real struggle for the firefighters to try stop the blazes. the air is full of thick smoke which stings your eyes and makes you want to cough, and it s very hot. 0n the road we met sharon from england. s
The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out on the other is present by the s planned a visit to israel. We can start with President Biden and his visit comes at a crucial type and is being taken by investors as a signal that the crisis might see efforts to be contained. We are seeing that temperance not only in the price of crude oil but also with investors pulling back slightly from some of the safe haven assets, things like cold gold and stable currencies and treasury bonds. When we get to the big Bank Earnings, this is earning season