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BBCNEWS World Business Report July 7, 2024



market after government borrowing costs soar to a 20 year high. no end to the strong dollar. us interest rates are going higher and staying there for longer, according to policymakers at the federal reserve. also coming up: digging ourselves into a hole. how climate change is threatening the world s soil and our future food supply. we start here in the uk, where pressure is growing on prime minister liz truss and chancellor of the exchequer kwasi kwarteng to rethink their economic plans. financial markets have been in turmoil since they promised £45 billion worth of tax cuts funded by borrowing in a mini budget statement on september 23rd. the chancellor is due to set out how he will fund the package and reduce debt at the end of the month. facing questions in parliament on wednesday, the prime minister ruled out scrapping her tax cuts, but said spending on public services wouldn t be cut either. we are spending almost £1 trillion of public spending, we were spend ....

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CNNW CNN Newsroom January 9, 2012



five of six of the gop contenders have held events so far today. the pace doesn t let up until newt gingrich s college football party at 9:00 tonight. here s the score from a weekend tracking poll. mitt romney holds on to a solid lead but ron paul has eaten into his margin. paul, huntsman, and gingrich are bunched up in third. the only one not there is perry in south carolina. gingrich says the more people get to know romney, the harder it is to look at alternatives. 2002 he said he was a moderate. you look at the contrast and i think that s what the south carolina is going to be all about. the poll said that romney has lost a great deal of momentum in the last four days and i think that s because people look up and instead of being told that it s inevitable, they are saying, who is he? and i don t want to vote for him. i think it s a very wide-open primary. remember, our coverage starts tuesday at 7:00 p.m. eastern time. we ll get right back to politics in a moment ....

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