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there s now a little optimism on a debt ceiling deal following yesterday s meeting at it white house even though president biden is cutting short an overseas trip. we ll have the latest on those negotiations. and also ahead ron desantis goes after donald trump on the issue of abortion. we ll look at how it could impact the 2024 presidential race. good morning and welcome to way too early on this wednesday, may 17th. i m jonathan lemire. thanks for starting your day with us. moving in today with the ongoing debt ceiling negotiations, president biden met with congressional leaders at the white house yesterday, and while both sides say that some progress has been made, no deal has yet been reached. both biden and house speaker kevin mccarthy named top negotiators to take part in talks and continue daily. and while democrats continue to insist that they will not negotiate over the debt ceiling, they are reportedly in talks about spending cuts working on a parallel track ....
a major new service unveiled to take on the likes of netflix, disney and amazon. but will viewers stump up the cash for another subscription? let us now focus on the top money stories. we start with the cost of borrowing, because the number two at the international monetary fund has told the bbc we shouldn t bank on lower interest rates any time soon. the imf and world bank are hosting global financial leaders at their spring meeting in washington, dc. the imf s deputy managing director has been speaking to our correspondent, samira hussain. gita gopinath told samira that central banks must stay the course in fighting inflation despite the shock waves sent through the banking system by rapidly rising interest rates. it is very difficult to be fully prepared for all the consequences of the times we are in, when you come out of a pandemic and there is a war and you have this very large increase in any energy prices, many things can happen. interest rates have gone up sharply, ....
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