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we begin tonight with breaking news straight from capitol hill. we are getting word that the white house and house republicans are getting closer to a deal to raise the debt ceiling. one week before the u.s. runs out of money. what do we know right now about where the deal stands between kevin mccarthy, house republicans and the white house? i think we should caveat by saying nothing has been agreed upon yet. nothing has been finalized. they are moving closer to a deal. we have seen progress over the last 12 hours, particularly on the spending issue. that s been something that has been really bedevilling the talks. they started floating the idea of a potential compromise that both sides could try to claim as essentially a win. one of the things they are discussing is raising the debt ceiling for two years, which would be longer than what house republicans had proposed in their debt ceiling plan in the house. then instituting spending caps for two years. caps on federal spen
abby, i think we should caveat by saying nothing that we have nothing has been finalized. they are moving closer to a deal. we have seen some progress over the last few 12 hours, particularly on the spending issue. that is as something that has been really bedeviling the talks. but they started at least floating the idea of a potential compromise that both sides could try to claim as a win. one of the things they are discussing is raising the debt ceiling for two years, which would be longer than what wrote republicans have been proposing in their debt ceiling plan, and then instituting spending caps for two years. so caps on federal spending levels. they have not agreed on those numbers for the spending caps, but one of the emerging compromises here is the idea that they would spare pentagon funding. so, it would spare specific domestic programs so that democrats can say, we actually didn t cut certain things. other programs would see some cuts, which republicans couldn
well. we have our team here to help us figure it out and how voters might interpret all of these numbers. we have four days left and fresh polling underscoring the edge republicans have on enthusiasm ahead of the final messaging blitz from democrats. hitting the airwaves this morning with four days left until election day. thank goodness that the republicans are finally at the table wanting to talk about crime. it s not something that we should only talk about during political season. they want a common purpose, a common mission and that s what we re doing. we have a stark choice between somebody is here with a career who served pennsylvania, compared to somebody who is here to use pennsylvania. we ll get to all of that coming up. and it s the looming political earthquake many have been waiting for, anticipating. 2022 is not even over yet, but the former president s inner circle is eyeing a 2024 announcement in the coming days, more on that reporting in moments. m
hello and welcome to audiences in the uk and around the world. i m victoria fritz. we start here in the uk, with warnings that the country is set for the slowest growth of the g7 nations next year. for context, the uk is not alone, the imf says the global economy will shrink for the first time since 2020, why? partly the pandemic, partly the warn in ukraine, but the risk of recession is rising, and the uk is vulnerable. here are the numbers. the imf has revised down its growth for next year, from 1.2% to just 0.5%. significantly behind the us and europe at over i%, and the globalfigure of 2.9% growth in 2023. so why would the uk fare comparatively worse? well part of the problem is the uk s reliance on fossil fuels, making up 76% of our energy mix, compared tojust under 60% across the eu. let s listen to the imf s chief economist. the one thing that worries me more about the uk economy is that their inflation numbers seem to quite high, there are quite high gas prices and wat