there is a roughly one in four chance that the us will hit the so called x date, when the us government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned the two sides remain far apart. republicans are warning that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of an agreement. and even if a deal is done in time, economists say that depending on the details, cuts to government spending are likely create economic headwinds that could bring down inflation a possible silver lining for the federal reserve, which has been raising interest rates to fight inflation. fed officia
has the latest from new york. there is a roughly one in four chance that the us will hit the so called x date that s when the government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned that the two sides remain far apart. republicans are warning that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. republicans are demanding that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of an agreement. and even if a deal is done in time, economists say that depending on the details, cuts to government spending
reach a deal on the country s debt ceiling, with the us house speaker kevin mccarthy saying on wednesday that negotiators remain far apart. our north america business correspondent michelle fleury has the latest from new york. there is a roughly one in clutch make chance that the us will hit the so called x date, when the us government runs out of money to pay its bills, before the dental ministries. that is according toj.p. morgan chase. they say the other any worse. debt limit raises. kevin mccarthy said he thought progress could be made but warned the two sides remain far apart. but warned the two sides remain farapart. her pub but warned the two sides remain far apart. her pub concert amending that any deal must cut future federal spending in exchange for raising the debt ceiling, a redline for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of agreement. and even if a deal is done in time, economists say
i m in rome for the final night of the european athletics championships with keely hodgkinson and the relay teams with keely hodgkinson and the relay teams will hope to deliver our gold. and world number one scottie scheffler makes golf look easy but how will he fare in what s always billed as the toughest major of the year, the us open. hello and welcome along to sportsday. euro 2024 is inching ever closer, the hours ticking away until scotland get the tournament under way on friday against hosts germany we ll hear shortly from midfielder billy gilmour who was talking today about his desire to deliver for scotland fans, while england youngster adam wharton told press today that his call up to the national team was surreal . gareth southgate s side had open training today ahead of their opener on sunday against serbia jon stones was the only one who missed that due to illness. we ll get more from our correspondent andy swiss who is following england shortly, but firs
rates to fight inflation. fed officials are still debating whether to raise interest rates or hold them steady when they meet injune. that was michelle fleury reporting. the debt ceiling brinkmanship has resulted in a credit rating agency, fitch, placing the us triple a the debt ceiling brinkmanship has resulted in the credit rating agency, fitch, placing the us triple a status into negative territory. fitch said the increase reflects the political partisanship that is hindering the resolution to raise or suspend that debt limit. let us move to the latest fed minutes. the us central bank are still undecided on the outlook for interest rate increases. the aggressive rate hikes in the us last year had put pressure on central banks in the region to keep up. so what does this latest fed minute mean for interest rates in asia? i spoke to diana mousina, deputy chief economist at australia s amp. earlier, she said that we are