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Transcripts For BBCNEWS Asia 20240706

on us and global economies. so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague samira hussain has been investigating. the first of all, this debt ceiling crisis is actually a political crisis. itjust happens to hinge on a months pass piece of legislation to save the nation from economic catastrophe. so what exactly happening? weeks to go before the federal government is unable to pay its bills. will the us government spend more money that it brings in. so it needs to boro money to pay its bills. it can only boro a certain amount of money. and if it needs to boro more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but the us presidentjoe biden says no way. you need to pass this legislation with no strings attached. so off to the white house the two warring poli ....

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Transcripts For BBCNEWS Asia 20240706

a default could have on us and global economies. so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague 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 nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spend more money that it brings in. so it needs to borrow money to pay its bills. it can only borrow a certain amount of money. and if it needs to borrow more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the ....

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Transcripts For MSNBCW PoliticsNation 20240706

politicsnation. tonight s lead, law and order. but for who? right now, president biden is flexing the legal powers of his office to address the country s deepening problems. and an exclusive interview with nbc news, the president talked about the difficult decision to send 1500 troops to the border to help is a refugee crisis. he also spoke about the possibility that he might invoke his 14th amendment authority to raise the debt limit. if he cannot convince some of the gop to back off threats to push the country, and to an economic crisis. here s the deal. i think that first of all, this is not your father s republican party. this is a different group. and i think that we have to make it clear to the american people that i am prepared to negotiate in detail with her budget. in the meantime, here in new york city, there is outrage after an alleged act of vigilante justice. a young black man s life is snuffed out on the subway. prompting tough questions about who has ....

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Transcripts For BBCNEWS World 20240706

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, jam ....

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Transcripts For FOXNEWSW Americas 20240706

be open. they are lying. to people who are thinking of making the journey to our southern border. bill: this comes as a federal judge has blocked the mass release of migrants already in custody. new york post with a front page on the biden border policy it says surrender. dana: matt finn live in el paso with the latest. what is it like there today, matt? within the past couple minutes we walked right up to the edge of this border gate or wall and saw a group of a few dozen migrants, as we have seen so often, they are lined up systematically, placed on a bus for processing. the group of migrants we saw this morning appear to be all single adult men. there were no family units or women or children in that group. cbp tells me in the el paso sector it is seeing 2,000 migrants per day crossing into the united states. so far from where we re standing this morning we aren t seeing any major rush or uptick which might make sense as perhaps migrants try to make it into t ....

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