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BBCNEWS World July 6, 2024

spending under control and get our economy back on track. and you have to do both. joining me now is ed price, principal analyst at ergo intelligence. both parties in full campaign mode on this legislation. do you foresee it being passed? ido i do foresee it being passed, i think that is also the conventional wisdom and i have no reason to doubt it. it would be spectacular if the us decided to default on its debt. but there was something about this merry go round this time that seems just this merry go round this time that seemsjust a this merry go round this time that seems just a little bit worse than previous times. i would suggest that if lawmakers in the us are really concerned about avoiding fiscal collapse and avoiding debt, they should also really worry about what this makes the country look like, what it makes its creditworthiness look like at least in politics. in creditworthiness look like at least in politics. least in politics. in terms of o tics, least in polit ....

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BBCNEWS World Business Report June 4, 2024 04:41:00

The real potential to reduce the cost for shoppers when they are buying products. if you look at current figures, they show that food inflation is running currently in the uk at about 15% so anything that can be done that reduces that cost to the consumer is positive. but it must be done in the context that protects uk growers and farmers and absolutely protects the standards for animal welfare and the environment. the comment to make here, that is their commitment and we felt that there should be an independent analysis and review of all the data so that we are clear and any impact that is taking place. clear and any impact that is taking place- taking place. and briefly, if ou taking place. and briefly, if you make. taking place. and briefly, if you make, how taking place. and briefly, if you make, how important. taking place. and briefly, if. you make, how important are these respective markets to each other? the big goal here is a us trade deal for the each other? the big goal ....

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BBCNEWS World Business Report June 4, 2024 04:30:00

Let s start in the united states, where legislation to raise the us debt ceiling has passed its first hurdle in the house of representatives. a revolt by hardline republicans could not stop the bill advancing to a full vote, which is due to take place on wednesday. the deal introduces cuts in federal spending in return for increasing the amount of money the government can borrow. if it isn t approved by next monday, the united states risks defaulting on its debt. speaking immediately after the vote, the republican house majority leader steve scalise expressed support. something you haven t seen in a long time in this town is that when a major bill comes to the floor, we actually give our members time to read the bill before you vote on it. we have a 72 hour minimum that we allow every member to read the bill, and the more that people read in this bill, the more they find, in terms of real conservative victories that are going to help us get ....

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