Pledge to address corruption and reduce economic burden on true lancome. And that resonated with citizens who have been burdened with high living costs and rising poverty, even at a time when the economy overall seem to have stabilised. Now, anura kumara dissanayake promise to cut income taxes and slashes tells taxes on food and medicine, his also promised to renegotiate terms of the imf programme to make it easier for sri lankan. But experts say that he can manage to realistically deliver and fund the populous promises, while balancing sri lankan s. The foreign reserve is at $6 billion that can last forjust three months. Imf bailout line that forced his territory in order to boost government revenues is also halfway through and a deal to restructure the huge foreign debt by still not finalised. Stabilising the economy and manoeuvring lenders especially bilateral partners india and china will be one of the first test. This party so far has had a no experience in running a government, e
Below 50, then it s going to continue to grow within the end of the year. Continue to grow within the end of the year of the year. Let s turn our attention of the year. Let s turn our attention to of the year. Let s turn our attention to us, of the year. Let s turn our attention to us, the of the year. Let s turn our attention to us, the jobsl attention to us, thejobs data, that s out this friday. Will that s out this friday. Will that have any impact on what the fed decides to do. We know they re meeting in the next few weeks. , ,~ weeks. The highest risk economic weeks. The highest risk economic event so weeks. The highest risk economic event so far. | weeks. The highest risk economic event so far. Because what we have seen so far, august was unprecedented for some global markets and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that there is rocks are falling and the
to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. earlier, i spoke to oreana financial s chief global investment officer, isaac poole, who told me the turmoil will not end with the collapse of first republic. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure on depositors and so forth. as we look out, there is a real risk that initially what was a bank specific problem becomes a wider problem for the syste
string of derailments, primarily the derailment and toxic spill in east palestine, ohio, that s terrified residents. i want to begin today by expressing how deeply sorry i am for the impact this derailment has had on the residents of east palestine and the surrounding communities. i am determined to make this right. you have my personal commitment. norfolk southern will get the job done. this hour, an update on mitch mcconnell s health. the longest serving senate leader in either party hospitalized overnight after tripping at a private dinner in a d.c. hotel. tammy baldwin joins me to discuss her bill to legalize abortion rights across the nation, restoring the rights stripped away by the supreme court s dobbs decision. good day, everyone. i m andrea mitchell in washington. at a hearing today, senators in both parties are pressing norfolk southern s ceo to honor his company s commitments to the people of east palestine for months or years after the train derailment rais
situation i cannot deliver the mandate on which i was elected by the conservative party. plus a cnn exclusive, lawyers for former president trump allowing federal investigators to search mar-a-lago again. and newly released emails between trump and his former lawyer proving his voter fraud claims were bogus. a federal judge calling it evidence of a conspiracy to degree fraud the united states. but let s begin with the breaking news out of the u.k. liz truss resigning after six weeks, 44 days in office. our team is following this breaking story. scott mcclain is outside of 10 drowning street and richard quest is standing by as well. six weeks in office and gone after a disastrous budget plan. so what happens next? yeah, that is a great question. we ll have a new prime minister by the end of next week. i think that liz truss tried everything that she possibly could to save her premiership. that also started to go wrong from the minute that she announced her disastrous eco