we didn t to it by taking the easy way. right now on early start, can the senate now fast track the debt limit bill just days before the default deadline. plus the former president on tape talking about a document he kept. and the republican race for president heating up with mike pence and chris christie about to jump in. who is next. welcome to our viewers in the united states and arntround the. i m christine romans pl the bill is in the hands of the senate. yeas are 314, nays are 117. the bill is passed. last night the house overwhelming passed a bipartisan agreement cutting spending and suspending the debt ceiling through next year. speaker kevin mccarthy took a victory lap after the house passed the deal. i wanted to do something no other congress has done. that we would literally turn the ship. for the first time in quite some time, we d spend less than we spent the year before. tonight we all made history. because this is the biggest cut and savings this
(Bloomberg) The Bank of England will have to keep interest rates high for longer because inflation is unlikely to fade as quickly as it emerged, despite sharp falls in gas and producer prices, Deputy Governor Ben Broadbent said.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamageTesla Investors to Get $12,000 Each From Musk’s SEC DealPowell Signals Fed Will Raise Rates If Needed, Keep Them HighAfter 15 Years, a New Private Jet Is America’s Most PopularNYC
be looking at to see if that tight labor market we re still seeing is going to push through and continue to be inflationary. that has been the up side for the average worker is they are bringing home more pay, they have seen pay gains, you know, that have been the best we ve seen in years. the flip side though is that it can spin off into inflation and pay gains have been eating up by higher prices they are paying for everything else. are we getting to the tipping point where maybe the two trends are starting to reverse? yeah, nominal wage growth remains to be strong. inflation is slowing. so that really important number that matters for families and us households is that that real wage growth. that is starting to come into the black again after a long time being in the red. and that is really something important for americans. so i think that we can assume that the debt ceiling drama is
also spoke with a gentleman not too long ago as well who said the whole day seemed to be off. this is a welcomed concert here, the houston leaders, city leaders, they enjoy it, they welcome the tourism dollars and people look forward to it, but no one expected it to end in a tragedy like this. neil: chelsea, thank you so much for that. again, if we have further updates, we ll have it posted. in the meantime, the big news, at least for the markets, stunning jobs report. that s the good news. the bad news is with those jobs and higher pay come higher prices that are gobbling up, well, all of those pay gains. let s go to molly line with more on this, molly. good morning, neil. yeah, that solid jobs report really has the president