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But i certainly think the bank of england has potentially got at least another 25 50 basis points in the tank. we at least another 25-50 basis points in the tank. points in the tank. we will have to find points in the tank. we will have to find out. - points in the tank. we will have to find out. michael, | have to find out. michael, thank you very much. let s return to the world bank imf meetings, because finance chiefs have been talking about how to relieve the multibillion dollar debt burden on poorer countries. there has been broad agreement that that the process of restructuring developing world debt should be sped up. but one key country remains non committal, as our correspondent samira hussain reports from washington. poorer countries currently hold billions of dollars in debt. there is a push to allow those countries to restructure some of that by perhaps using lower interest rates to refinance those loans or even changing the timetable to pay back. now, although the conver ....
Conversations between creditors, debtors and financial institutions have all been positive, china the worlds largest holder of bilateral debt has been reluctant to make any kind of commitments. so i asked the g20 leaders, what is it that china has actually said. you said the discussions were really positive for that what was some of the positive language you are hearing from china? . . . language you are hearing from china? . ., ., ., china? china had all agreed that it has china? china had all agreed that it has to china? china had all agreed that it has to be china? china had all agreed that it has to be speedily i that it has to be speedily dispensed with. that is a great step dispensed with. that is a great step forward for that once you recognise step forward for that once you recognise that you have to do it in time recognise that you have to do it in time and at the earliest, it in time and at the earliest, it moves it in time and at the earliest, it moves faster. i ....
The recent report on FTX Trading Ltd. revealed that the company lacked even basic knowledge of its own employees when it filed for Chapter 11 bankruptcy. ....
But the conservative justices completedly zeroed in on the $400 billion plus price tag to question whether the president by way of police education sect has secretary has the power to enact this kind of relief. i think most casual observers will say if you are going to give up that much money, if you are going to affect the obligations of that many americans on a subject of great controversy, that is something that congress should act on. reporter: solicitor general responded that federal law allowed the education sent to waive the payments. and without the critical relief for debtors, we ll have a wave of default across the country with all the negative consequences that has for borrowers. i think this is precisely the context where the executive should be able to implement those emergency powers. reporter: the supreme court has repeatedly struck down ....