on an issue that impacts the global economy. us treasury secretary janet yellen says the us could run out of cash byjune 1st, prompting president biden to call a meeting with the top leaders in congress next week. in a letter to the leaders today, yellen warned: speaker mccarthy responded to yellen in a statement, saying. the republican controlled house passed a debt ceiling bill last week that includes steep spending cuts. senate democratic majority leader chuck schumer announced a process to pass a clean bill with no cuts just hours ago. meanwhile, a little relief in the banking sector. wall street giantjp morgan chase took over the troubled first republic bank in a $10.6 billion deal brokered by regulators. they seized first republic early on monday, after efforts to rescue the bank fell through over the weekend. the failure of the bank is the second largest in us history, and the third in the country since march. samira hussain has more. as of monday, first republic custo
hello, i m sumi somaskanda. us presidentjoe biden has touched down in belfast for the start of his visit to northern ireland and the republic. the four day trip marks the 25th anniversary of the good friday agreement. the deal largely brought an end to the 30 year conflict in northern ireland known as the troubles. but political turmoil persists, even if less violent in nature than the past. here s president biden s schedule. on wednesday, biden will deliver a speech at ulster university, before travelling to the republic of ireland. there he ll celebrate his own family s roots, attending events in louth and mayo. there will also be official discussions in dublin, where biden will meet with irish president michael d higgins. he ll then head back to america on friday. the bbc s lucy hockings has more from belfast. so president biden has arrived and there was a small crowd that came down to the centre of belfast to greet him. they braved the wind and the rain. the weather has t
live from our studio in singapore this is bbc news. it s newsday. it s 8am in singapore, and 7pm in washington where the first day of the new us congress has been full of drama. after the swearing in of new members, the house of representatives is stuck at the very first hurdle for the first time in 100 years the house failed to elect a speaker in the first ballot. the house has now adjourned until wednesday after three rounds of votes. the latest saw the republican kevin mccarthy fall 16 votes short of the 218 majority required. nothing can go ahead until a new speaker is elected. here is the moment when the latest result was announced. the honourable hakeem jeffries of the state of new york has received 212. honourable kevin mccarthy of the state of california has received 202. no persons have received a majority of the whole number of votes cast by surname, a speaker has not been elected. 0ur correspondent on capitol hill, will grant told me more about the significanc
a state funeral for former an election rally injuly. and less than two months ahead of the men s football world cup in qatar, concerns there may not be enough affordable accommodation for fans. live from our studio in singapore. this is bbc news. it s newsday. welcome to bbc news, broadcasting to viewers in the uk and around the world. it is seven in the morning here in singapore, and 1am in italy. exit polls there suggest far right leader giorgia meloni has won italy s election, and is on course to become the country s first female prime minister. if hindeed if indeed these exit polls are confirmed, she will aim to form italy s most right wing government since world war ii. for the latest, we can cross live to rome and our correspondent there, mark lowen. you know, the words political earthquake are often used, and probably overused, but really it feels apt for tonight, because this is a country that now looks like not only has it elected its first ever female prime minister
on suspicion of murder. and philippine president ferdinand marcosjunior embarks on his first overseas trip since taking office at the end ofjune. welcome to bbc news broadcasting to viewers in the uk and around the world. it s 6:00am in the morning in singapore, and 11:00pm in the evening in the uk where in less than 2a hours the conservative party will announce who will replace borisjohnson and become the new british prime minister. whoever wins will face a number of challenges chief amongst them soaring energy prices. the frontrunner, liz truss, has promised she ll set out immediate action on energy bills if she s elected. meanwhile contender rishi sunak says he s got a clear plan to help people struggling with bills, including support to insulate their homes. 0ur political editor chris mason has this report. behind millions of doors right now, anxiety about spiraling bills. and behind this door by tuesday afternoon, a new prime minister. is it in the bag now? liz truss