it s been 20 years since the us led coalition began its war in iraq to topple the dictator saddam hussein we ll assess the legacy. and valencia s streets come to life for a five day festival celebrating the spanish city s culture history and people. switzerland s biggest bank, ubs, has agreed to take over its troubled rival, credit swiss. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw its value plummet over the past week. banking regulators hope the deal will restore confidence to the financial markets. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. here s the swiss president speaking at a press conference. on friday, the liquidity outflows and market volatility showed it was no longer possible to restore the necessary confidence, and that the swift and stabilising solution was absolutely necessary. this solution is a takeov
act, sweden and finland s asession to nato, gun control and reconciliation were all passed over the last two months, many with big bipartisan majorities. if it gets to his desks, the president will have pushed through a $3.7 trillion agenda. how is this all going to play in the mid terms? that is the big question. there are a lot of variables, including record inflation and abortion and that stubborn political precedent that the party in the white house almost always loses in the mid terms. joining me is senior white house correspondent kelly o donnell, jake sherman, co-founder of punch bowl news, susan page, washington bureau chief and peter baker, author of the divider. jake, i want to start with you because you re on capitol hill. there was a vote-a-rama over the weekend. it s in the house now. what are the big headlines? the big headlines is that they got it through after 18 months of tortured negotiations over this package and the will he or won t he of joe manchin a
Wednesday, may 15th, welcome to Fox And Friends. President biden caught in another inflation fib. Families need more income than ever before just to get by. Speaker mike johnson told brian about it in an exclusive interview from the capitol. No matter where we are, they are having a hard time getting by because of what joe biden and democrats have done to the economy. Lawrence former trump fixer Michael Cohen yesterday. The prosecution case could be in trouble. The great sean hannity coming up. Brian hes wearing a tie there. [laughter] new york mayor eric adams can solve the lifeguard shortage. Illegal immigrants, baby. They are excellent swimmers and we need lifeguards. Lawrence swim. Brian so many olympic records, backstroke across the rio grande, baby. A bullfrog. Ainsley final hour of Fox And Friends starts now, remember, mornings are better with friends. Lawrence we start this hour with President Biden reportedly latest Polling Numbers with grain of salt, his advisers don believe
of money in a bank, you might want to be really concerned, is my bank safe, is my bank going to be there tomorrow? think about it, if you were at silicon valley bank, roku had $5 billion of that bank account, they would have us that if the government didn t step in. it is going to have implications for people in terms of their pensions, with their pensions holding bonds at credit suisse? presumably many people s pension funds, there were $17 billion held in bonds that were wiped to zero. in terms of interest rates, what will happen now? markets are pricing interest rates cuts here and in europe? i have written a here and in europe? i have written a piece here and in europe? i have written a piece for - here and in europe? i have written a piece for the - written a piece for the treasury select committee that is reported on in the guardian today. i think what we re seeing now is the necessity for central banks to cut rates. i think there is every prospect certainly in the us and the
step in here before december 9 to avoid catastrophe. charles: washington has been tasked with the ability to do things when it comes to rail strikes. they re crippling 30% of cargo in this country is transported by rail. what could congress do if the president didn t step in? could they do something on their own to stop this or to mediate this? yeah, charles. that s right. it s happened before on 18 separate occasions congress has had to step in to either restore rail service after a strike or prevent a strike from happening. the next step in the process, the president negotiated this deal. it was voted on by all 12 unions. eight accepted it, four rejected it. it s been accepted by the railroads. now it s time for congress to act. the simplest things, the house and the senate are still controlled by the president s party. impose the deal the president