Of you from Msnbc Roe Headquarters here in new york. Welcome everyone to alex witt reports. We are beginning with this Breaking News. Hundreds on capitol hill as the federal government heads towards a, potential, shut down in just 12 hours. Soon the house will vote on speaker Kevin Mccarthys new plan to keep Government Open. We see those votes being cast, in fact, as we speak. However, mccarthy is leaning on democrats to support it admitting that there is no guarantee that his own caucus would do it. The house is going to actually government will not shut down. We will put a clean Funding Stopgap on the florida keep Government Open for 45 days did you get any assurances from any of the republicans about this . No, i have tried. Well, a senate vote is also expected to get underway in the next hour. The impact of a potential shutdown will be felt foreign right across nonessential federal agcies. For almost 4 million employees and military, it would mean working without pay. Here is part
Inflation in Europe's biggest economy is at a 30-year high. ING bank's chief economist Carsten Brzeski tells DW how steeply rising prices are negatively impacting economic activity and what central banks can do about it.
Read more about Oil nearing $70 worries consumer nations, may hamper economic recovery on Business Standard. Consuming nations will bear the cost of pricier energy, potentially fanning inflation and hurting their recoveries