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CNNW The July 3, 2024

Whether its a former president being issued a gag order, or the House Speaker fired its been another day for the history. Books indeed and now that theyve got a week off, contenders for mccarthys old job will no doubt be making the coming days pretty interesting too. Safe to say jake and anderson, the news continues tonight a special coverage certainly does. Joining me now audi philips and mark but good evening everyone im abby philips alongside my colleagues laura. Coats this is a Special Edition of cnn prime tent for an unprecedented moment in the history of the United States. Headline tonight, the American Government is broken. The tyranny of a minority, is now prime it paralyzed in this countrys institution. Depending on where you stand politically it could ....

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BBCNEWS BBC News June 4, 2024 08:04:00

So what is it about the announcements from kwasi kwarteng that has spooked them to make this move? i think they re worried that the tax cuts are permanent. they are afraid that the budget financing needs will go up. they are afraid. and they re requiring more borrowing domestically. inflation rising, requiring interest rate increases by the bank of england. and there being a policy conflict between the treasury and the bank of england. at the same time, the united kingdom is running a large current account deficit and relies on foreign financing. our business correspondent marc ashdown is with me. good morning to you. remind us what is the imf and its role. it is good morning to you. remind us what is the imf and its role. is the imf and its role. it is the ....

Tax Cuts , Kwasi Kwarteng , Bank Of England , Interest Rate , Inflation Rising , Budget Financing Needs , Policy Conflict , Marc Ashdown ,

BBCNEWS BBC News June 4, 2024 09:04:00

But not often about g7 countries. so what is it about the announcements from kwasi kwarteng that has spooked them to make this move? i think they re worried that the tax cuts are permanent. they are afraid that the budget financing needs will go up. and their requiring more borrowing domestically. inflation rising, requiring interest rate increases by the bank of england. and there being a policy conflict between the treasury and the bank of england. at the same time, the united kingdom is running a large current account deficit and relies on foreign financing. adnan mazarei, former deputy director of the imf. ....

Tax Cuts , Kwasi Kwarteng , Budget Financing Needs , Bank Of England , Policy Conflict , Interest Rate , Inflation Rising , Adnan Mazarei , Tthe International Monetary Fund ,

BBCNEWS BBC News June 4, 2024 10:04:00

They are afraid. and they re requiring more borrowing domestically. inflation rising, requiring interest rate increases by the bank of england. and there being a policy conflict between the treasury and the bank of england. at the same time, the united kingdom is running a large current account deficit and relies on foreign financing. our business correspondent marc ashdown is with me. let s start with the basics, a bit more about what the imf is and what has this got to do with them? aha, lat has this got to do with them? a lot of eole has this got to do with them? a lot of people are has this got to do with them? int of people are interested in that, it is an agency of the united nations, 190 countries are members and the aim is to ensure global financial security and cooperation. you can also think of it as the world over drop, the lender of last resort, a step in to help countries when they ....

Bank Of England , Policy Conflict , Interest Rate , Inflation Rising , Mark Ashdown , Tthe International Monetary Fund , Lender Of Last Resort , United Nations ,

BBCNEWS Outside Source June 4, 2024 18:15:00

increasing inequality . the white house has also criticised the plan, saying it s important to focus on fiscal prudence, and fiscal discipline . adnan mazarei, a former deputy director at the imf, is also critical. these statements are common with regard to emerging market countries with problematic policies but not often about g7 countries. they are afraid that the budget financing needs will go up and they are requiring more borrowing domestically and inflation rising, requiring interest rate increases by the bank of england and there being a policy conflict between the treasury and the bank of england. ....

Adnan Mazarei , White House , Fiscal Prudence , Budget Financing Needs , Bank Of England , Interest Rate , Policy Conflict ,