Notice, blaming the stand off over the debt ceiling which was ultimately lifted any last minute bipartisan deal. The feud was cited by fitch is one of the reasons for the downgrade. Make no mistake, this is a major black eye for america. The us treasury, essentially government ious are seen as the bedrock of the Global Financial system. Fitch is essentially pointing out there is an erosion of trust in american leadership. Given the death and perceived safety of us treasuries, this downgrade is not likely to change its role in the financial system. Likely to change its role in the financialsystem. It likely to change its role in the financial system. It could, likely to change its role in the financialsystem. It could, however, make it potentially harder and more expensive for the government to borrow in the future. Right now the Us Government owes 30 trillion in debt. Fitch is highlighting that the Us Government has too much debt doesnt have a way to bring it down. And at washington at
can biden do anything to unlock the current political crisis? wouldn t that be amazing? laughter tonight, a change of tone as president biden crosses the border into the republic of ireland in search of his irish roots. the other top stories tonight. prince harry will attend his father s coronation next month but meghan, won t be leaving california. billionaire twitter owner elon musk sits down with the bbc. he defends sacking thousands of staff and summed up an eventful six months as boss. well, it s not been boring! it s been quite a roller coaster. there s the shooting chance, it s in! and the european champions, real madrid, beat a ten man chelsea in their quarterfinal first leg match. and coming up in sport, the uk and the republic of ireland submit theirjoint bid to host euro 2028, but two of the proposed stadiums aren t even built yet. good evening from stormont, on the day that president biden has been in northern ireland to mark the 25th anniversary of the signing of
moved to a hospice. china launches several ballistic missile tests into waters around taiwan following a senior us leader s divisive visit to the island. and how disposable facemasks are blighting birdlife in 23 countries around the world. good afternoon, welcome to the bbc news channel. good afternoon, welcome to the bbc news channel. the bank of england has predicted that the uk is set to enter a recession this autumn lasting more than a year. the bank says inflation is likely to peak at 13% by december and today it has announced the largest rise in interest rates for 27 years. the 0.5% hike means that interest rates now stand at 1.75%. the move is part of attempts to curb spiralling inflation, by making borrowing more expensive and discouraging spending. but it means mortgages and loans will be more expensive for millions of people as andy verity reports. rarely has the bank of england given out an economic warning this unsettling. it s not only forecasting the worst infla
summary of the allegations. i have a complaint in front of me, it - summary of the allegations. i have a complaint in front of me, it is - summary of the allegations. i have a complaint in front of me, it is 45 - complaint in front of me, it is 45 pages which was filed to los angeles yesterday. some of these allegations include one of the dancers arianna davies saying earlier this year lizzo organised a night out for dancers in a strip club in amsterdam in the netherlands and she felt pressurised into touching a naked performer in a strip club, as lizzo was leading chance of her name until she did so. the same dancer claims lizzo raised then leave veiled concerns about her putting on weight. we have tried to contact lizzo, her representatives and the production company that has been named as part of this filing but as yet we have not had any response. bbc news understands that police are investigating a sixth report of a non recent sexual offences by the former bbc radio 1 dj tim westw
been questioned by a third time and a police caution. this comes after bbc news and the guardian investigation uncovered multiple allegations from 18 women of serious sexual misconduct and abuse by tim westwood. he denied those allegations. met office figures showed last month was one of the wettestjuly is on record and it is looking increasingly likely that we are heading for a very wet august as well. today the summer wash out continues with yellow weather warnings in parts of england for storms, heavy rain and winds meet the possibility of travel disruption and even flooding in some areas. welcome to the british summer 2023, on the south coast seaside holidays are on hold apart from a couple of optimistic kite flyers. winds of over 60 miles an hour are expected