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BBCNEWS World July 6, 2024



programme. there will no be default. those were the words of president biden on thursday as he hailed what he called productive talks with his political rivals as the clock ticks on the country s finances. he is trying to avoid hitting the debt ceiling. the us government is set to hit its borrowing limit of $31.4 trillion next week, raising fears it could run out of money to pay its bills without a deal to increase the debt ceiling. from new york, michelle fleury reports. with just one week left until treasury officials say the us will run out of cash to pay its bills, the mood music from washington was upbeat that a deal can be done to avoid default. i want to be clear that the negotiations we re having with speaker mccarthy is about the outlines of what the budget will look like not about default. it s about competing visions for america. nothing will be resolved till we solve them all. we know where our differences lie. we worked well past midnight last night ....

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CNN New Day With John Berman and Brianna Keilar July 7, 2024



andy scholes, thank you very much. new day continues right now. good morning, everyone. to our viewers in the united states and around the world it is wednesday july 27th, i m john berman with brianna keilar. this morning a criminal investigation into the january 6th insurrection is moving closer to former president donald trump. cnn reports key witnesses subpoenaed by the justice department in recent days include two top aides of former vice president mike pence who were asked specifically about the fake electors scheme and the role of trump s lawyers. in addition the new york times and the washington post report that federal investigators in april received phone records of key officials and aides in the trump administration including chief of staff mark meadows. attorney general merrick garland called the doj s january 6th investigation the most wide ranging in its history. he says they will go where the evidence takes them. criminally charging a former pr ....

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BBCNEWS World Business Report June 4, 2024 04:47:00

Cost for gold grows worse if interest rates on cash are rising. against that you have had these financial and political stress is rising. the socio economic distress of the pandemic and coming out of that. really, gold is acting very much as advertised, it is acting as a safe haven, as a hedge against what is happening in otherfinancial hedge against what is happening in other financial assets. thank you very much joining us. adrian ash, director of research at bullionvault. let s get some of the day s other news now. wall street giantjpmorgan chase is cutting jobs at the failed us lender first republic bank, after buying the firm this month. around 1,000 roles or 15% of first republic s workforce will be cut, the bbc understands. the boss of chinese search engine giant baidu robin li says it will very soon launch its own generative ai chatbot its equivalent of chatgpt known as as ernie 3.5. earlier this week mr li said he was waiting for government approval before launch ....

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CNN New Day With John Berman and Brianna Keilar June 4, 2024 11:36:00

Paralyzing as you are looking at a week like this. these are day by day decisions. i think there is a real fear among consumers and families if things get worse how will that impact me. so that turns to the job market. now, if things do get worse, which is a possibility, it doesn t necessarily meep that people are going to lose their jobs tomorrow or that salaries will be slashed, but it does mean for some people in some occupations there is some vulnerability. at the same time you may actually find some security. if you are perhaps in a profession where you are in demand like an airline pilot, it s pretty likely that you won t be cut, but other people in your organization who maybe work in reservations or different department, they could be vulnerable. hiring people, firing people, it costs a lot of money. that s an extra strain corporations and businesses do not want to take off. the thing you can do today is pay off high interest debt. if you want to lock in a mortgage rate, loc ....

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