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a u-haul truck crashed outside the white house. police say it was no accident. plus late night talks at the capitol, are the two sides any closer to a debt limit deal. and sabotage inside russia, kremlin blames ukraine as a group of russian citizens say they did it. good morning, everyone. welcome to our viewers in the united states and around the world. i m christine romans. we begin with what police are treating as an attempted attack on the president. a u-haul panel truck crashed into a security barrier in la fayette square. the vehicle then backed up and slammed into the barrier again. the driver arrested right away. he faces charges including threatening to kill or harm the president, vice president or a family member. police have not yet released the man s name and there is no word on a motive. video shows park police taking inventory of the truck, packing up evidence including a flag with a swastika. time is running short this morning for the white house ....
it is now highly lookly the united states won t be able to pay its bills by early june. also tonight, trump accuser e. jean carroll is seeking further damages from the former president for disparaging comments he made about her during a cnn town hall. and in ukraine after months of brutal fighting, it now appears bakhmut has finally fallen to russia, but ukrainian forces say they still hold a small portion of the totally ruined city. i ll get reaction from the former ukrainian defense minister. welcome to our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. let s get straight to our top story right now. the speaker mccarthy and president biden, they are diving into another round of debt limit negotiations as the treasury secretary issues her starkest warning yet, that default is now just a few days away. we re covering the story from every angle over at the white house up on capitol hill. let s begin over at ....
disastrous showing the biggest spike in consumer prices in over 40 years that the fed felt the need to move fast here to take a page out of the playbook of alan greenspan and paul volker with a very big interest rate increase, and they signaled that more aggressive steps are to come because that official said they are, quote, strongly committed to getting inflation back down to 2%. and given that it s nowhere near 2% right now, that does imply more big rate increases to come. as far as why this is happening, i think it s important to think about the economy as almost like a car on a highway, and the fed is the driver. when it needs to speed the car up, it will cut interest rates to stimulate demand. right now we have the opposite situation. it s going dangerously fast, and so the fed needs to slow things down. it s actually slamming the brakes on the economy. the problem here, victor, for the fed is if they don t do enough inflation can go out of control. if they do too ....
with not enough young people prepared to take up the craft. we start here in the uk with a warning that soaring interest rates could be increasing social inequality and widening the gap between the haves and have nots. that s according to one of the bank of england s policy makers who has been speaking exclusively to the bbc. dr swati dhingra has been on the bank s monetary policy committee since august of last year, and has voted against raising interest rates at seven of its last nine meetings. it comes as official figures out shortly are expected to confirm the uk economy stagnated in august, after a surprise decline onjuly. dr dhingra suggests the steep rise in borrowing costs could be pushing the uk into recession as she explained to our chief economics correspondent, dharshini david. the reason why the rates have been raised is because of the kind of price increases we are seeing which is energy and food. those will typically contact poorer people more and the int ....
welcome to bbc news. list into our main headlines. it s where order is a complete siege of the hamas controlled gaza strip. some pockets are fighting remain. since 9/11, at least 700 israelis are dead including 260 at a music festival. look attacks continue. dozens israelis held hostage including children. israel orders a complete siege of the hamas controlled gaza strip. the country says it s regained control of its southern communities pockets of militants may remain. israel describes saturday s assault as its 9/11. at least 700 israelis are dead including 260 at a music festival. rocket attacks from gaza continue with explosions heard injerusalem. dozens of israelis are being held hostage including children. gaza is under frequent bombardment this is the densely populated jabalia refugee camp. the area s health ministry says, 560 people in the territory are dead. this is the scene live in gaza as the uk confirms 10 citizens are feared dead or miss ....