And with that, Kevin Mccarthys nine month term as speaker was over. The final straw his decision to do a deal with democrats to keep the government open. He didnt hesitate to point the finger of blame at the eight republicans who ousted him, led by matt gaetz, his nemesis. Look, you all know matt gaetz. You know, it was personal. It had nothing to do about spending. The unprecedented removal of the speaker has Left Congress in chaos. So much so, theyve decided to take a week off while they work out what to do next. One rebel, though, was unrepentant. This was the right call. The American People deserve a leader and a speaker who will tell the truth, and so too does the international community. They need to know that the next speaker is going to be honest and wont go back on their word. With republicans focusing firmly on themselves, the question of funding for ukraine, which congress controls, remains undecided. It does worry me. But i know there are a majority of members of the house
A lot of the inflation, if you look at it in the us, is really coming from shelter and housing. And particularly you mentioned the cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week
Hello, im christian fraser. Youre watching the context on bbc news. The boss at bp is out over the partial story he told about his relationships in work. So what is acceptable in the workplace these days . Welcome back. The impeachment of bill clinton in 1998 for perjury and Obstruction Ofjustice was a truly earth shattering moment. But the decision taken yesterday by House Speaker Kevin Mccarthy to Impeachjoe Biden without even a vote on the floor was nothing of the sort. More the inevitable consequence ofjust how divided americas politics has become. Today, i am directing our House Committee to open a formal Impeachment Inquiry into president joe biden. This logical next step will give our committees the full power to gather all the facts and answers for the american public. Now heres what we know so far. Through our investigations, we have found that President Biden did lie to the american peoplel about his own knowledge of his familys foreign business dealings. Eyewitnesses have te
This is bbc news, the headlines more than 5,000 people are confirmed dead in libya 10,000 more are still missing after devastating floods. The father, stepmother and uncle of sara sharif are on their way back to the uk from pakistan. Ten year old sara was found dead at her home in surrey last month. Search and rescue teams in morocco Reach Mountain Villages Flattened by last weeks earthquake. At least 2,900 people are dead. Ukraines air force chief congratulates the pilots who attacked russias Black Sea Fleet in crimea, causing a large fire at sevastopol shipyard. Sport now and for a full round up, from the bbc sport centre, heres sarah. Ben stokes has blasted his way to his First Century since returning to 0di cricket. He reached 100 injust 76 balls for england as they look to post a big score in their third match of this series with new zealand, which is level at 1 1. Stokes is at the crease with liam livingstone, following a huge partnership with dawid malan which rescued england fr
you re watching bbc news, broadcasting to viewers in the uk and around the world. we begin in the middle east and the us secretary of state has said that american and other mediators will work over the coming days to see if they can reach an agreement for a ceasefire in gaza. the us has come up with a plan, but there s a blame game about why it hasn t been accepted. speaking in qatar on his latest trip to the region antony blinken said that israel had agreed to the deal, but hamas had proposed a number of changes, some of which he described as unworkable. but a senior hamas official has denied this, saying they did not put forward new demands, and are still committed to the proposal. hamas claims israel has rejected the deal and argues america is covering up for its ally. israel has not commented. let s take a look at the plan, which involves three phases. the first would see an initial six week ceasefire, when hamas would release some of the hostages including women, t