congress warning that the treasury would be unable to satisfy its obligations as early as the 1st ofjune. presidentjoe biden will be meeting top lawmakers including republican house of representatives speaker kevin mccarthy and it is now scheduled for 3pm on tuesday after being postponed from last friday. more from new york. in less than two weeks, the united states could fail to meet its debt obligations and if lawmakers cannot come to some sort of agreement. the republicans of continued to demand cuts to social spending before they will agree to raise the borrowing limit. us presidentjoe biden has repeatedly said he would not set conditions and that lawmakers must raise the debt limit because failure to do so would result in an economic catastrophe. some of the possible outcomes ofjob possible outcomes of job losses, possible outcomes ofjob losses, those who depend on social security benefits when i get paid and the most dire of outcomes would be the loss of confidence in a
i ll try to give you a fascinating snapshot of all the world of business and money. let s start here in the uk, where the economy in the first three months of this year recorded growth ofjust 0.1%. output in consumer facing services fell by 0.8% in march underscoring the impact of ongoing strikes and the cost of living crisis. hardly booming but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts saying the uk will now avoid going into recession. of course, talking about interest rates. the bank also raised its main interest rate again by a quarter of a percent to 4.5%. that s the 12th rate rise in a row and it puts the cost of borrowing here in the uk at a 15 year high. here s dr steve nolan, senior lecturer in economics at liverpool john moores university. good to see you. hardly the doom and gloom of the recession that was predicted, but let s be fr
of labour and a demand that farmers produce more at less cost to the environment. my guest today is minette batters. she farms right here, she s also president of the national farmers union. as a society, are we asking our farmers for the impossible? minette batters, welcome to hardtalk. thank you for having me. it s a great pleasure to be on yourfarm. and the sun is shining and, in some ways, you would think the sun would be shining on farmers. food prices are spiralling higher. you would think that would be good news forfarmers. is it? it s quite extraordinary. i don t think, in my lifetime, i have ever faced into anything like the cost inflation that we are facing with our inputs now. so, we re seeing triple digit inflation on fertiliser, we ve seen diesel costs up by 57%, feed costs up by nearly 60%. these are huge price pressures. you have chosen to alight upon the price pressures, i chose to start about talking about the prices you are receiving because we know that co
my guest today is minette batters. she farms right here, she s also president of the national farmers union. as a society, are we asking our farmers for the impossible? minette batters, welcome to hardtalk. thank you for having me. it s a great pleasure to be on yourfarm. and the sun is shining and, in some ways, you would think the sun would be shining on farmers. food prices are spiralling higher. you would think that would be good news for farmers. is it? it s it s quite extraordinary. i don t think, in my lifetime, i ve ever faced into anything like the cost inflation that we re facing with our inputs now. so, we re seeing triple digit inflation on on fertiliser, we ve seen diesel costs up by 57%, feed costs up by nearly 60%. these are huge price pressures and, of course. you have chosen to alight upon the price pressures, i chose to start by talking about the prices you are receiving because we know that consumers are struggling to meet the prices of the basic foods