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Transcripts For BBCNEWS World 20240704

Remember thatjust like most americans who have credit records when they want to borrow money and find out how much debt they can take on, the Us Government also gets a credit rating. When it gets downgraded like this, the potential long term effect as it could push up the cost for the Us Government of borrowing money, and in turn that might long run push up taxes, it could mean less spending by the government and could mean fewer government and could mean fewer government programmes in the future. We are not there yet, but that is the underlying fear. If you look at what they are trying to address here in this downgrade, or one of the concerns they cite, it is a problem that exists both in the past but also in the future, and that is rising Us Government debt. At the moment Us Government debt stands at in excess of 30 trillion and it is expected to exceed the total size of the us economy at some point. With that in mind, with this problem in sight, and with the political disunity we ha

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Transcripts For BBCNEWS BBC News at One 20240706

has not changed. officers are able to be as brutal as they want, and nobody holds them to account. and until that happens, there s no way the police are going to move forward. in the us, fox news comes to a 600 million pound settlement with the voting machine company dominion over its reporting of the 2020 presidential election. and ukraine s eurovision hopefuls happy to pose for selfies but the war is never far from their minds. and coming up on bbc news, manchester have one foot in the champions league semi finals as they go to germany with a 3 0 lead, aiming to finish the job against bayern munich. good afternoon and welcome to the bbc news at one. soaring prices for bread, cereal and chocolate meant the cost of living rose more than expected last month. inflation, which measures the rate at which prices are going up, was at 10.1% in the year to march. that is down from 10.4% in february, but it had been widely expected to fall below 10%. food prices have remained stubbo

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