stories and we started in the us. congressional leaders are due to meet with president biden for emergency talks on how to deal with the debt ceiling. reports are coming in the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington get here? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe, so what is happening here? major consequences for the economy. the us could default on the economy. the us could default on the dead in a metabolic. weeks on the dead in a metabolic. weeks to on the dead in a metabolic. weeks to go before the federal government weeks to go before the federal government is weeks to go before the federal government is unable - weeks to go before the fed
a verdict in the proud boys trial. four out of the five members of the far right group facing seditious conspiracy charges were found guilty while all five were found guilty of conspiracy to obstruct congress. all of this related to their roles in the january 6th insurrection. a high-tech manhunt ends with an arrest. police track down the suspect in a deadly atlanta shooting with a network of cameras and an old-fashioned tip from the public. the suspect s mother speaking out this morning about the shooting, as well. and the worst wave of attacks on ukraine so far this year. kyiv rappelled a barrage of strikes and russia faces attacks after the drone explosion over the kremlin. still unclear who was behind that attack, but the u.s. calls russia s accusation ukraine did it on orders from the u.s., quote, ridiculous. we are following these major developing stories and many more all coming in here to cnn news central. four members of the proud boys have just been found guil
criminal court in the hague. most of the world is not afraid the agresser must fear the full power ofjustice, only him, yet this is our historical responsibility. the un humanitarian chief says sudan s two warring parties are keen to continue fighting, despite hopes of a ceasefire. and with just two days to go until the coronation excitement is building on the mall, where crowds are camped out waiting to see the king. the us has dismissed. they claim was false and that washington did not encourage or enable ukraine to strike outside its borders. ukraine has denied any strike outside its borders. ukraine has denied any responsibility. - strike outside its borders. ukraine has denied any responsibility. we | has denied any responsibility. we can speak now to. thank you very much coming on the programme. what do you make of these latest claims that these drone attacks on the kremlin were an attempt to assassinate president putin? i kremlin were an attempt to assassinat
let s start in the us where some of the worlds leading money managers are warning the collapse of another american bank could lead to a credit crunch and an economic slowdown. constrained lending as a result of stricter banking regulation could stifle credit to the us economy at a critical time. we ll get an expert view on this in a moment but first here s my colleague samira hussain on the collapse of first republic. as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chase. the signs above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, first republic revealed deposited had removed $100 million in the space of a few months. customers feared their money was not safe. investors became convinced that it too was about to fail. riding to the rescue of america s distressed financial system, the boss of america s biggest bank, jamie dim
move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily high. to try and get the cost of living back down to more normal levels the federal reserve, america s central bank, has raised interest rates ten times in a little over a year, and now it seems it may be ready to perhaps take a pause. the committee perhaps take a pause. the committee will perhaps take a pause. the committee will take - perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the legs tightening of monetary policy, the legs with which it lacks inflation and economic and financial inflation and economic and financial developments. the legs financial developments. the legs we financial developments. the legs. we will make that determination meeting by meeting. determination meeting by meetinu . ., de