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Transcripts For BBCNEWS World Business Report 20240706

from 62 to 64. and soggy takeaway! how the red hot food delivery market has started to go cold. a lot to talk about, let s get going. we start in the us where a bitter political fight over the country s finances is about to begin. later today, the federal government will hit its borrowing limit agreed by congress far earlier than expected. the figure? an eye watering $31.4 trillion. in the short term, treasury secretary janet yellen will be able to buy some time, using what are known as extraordinary measures, diverting cash to stop the us defaulting on its debts. but congress will urgently have to find a solution and it is more divided than ever as michelle fleury reports from new york. the debt ceiling or debt limit is the legal amount the american federal government is allowed to borrow. it american federal government is allowed to borrow. allowed to borrow. it has maxed it out faster allowed to borrow. it has maxed it out faster than allowed to borrow. it has ....

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Transcripts for BBCNEWS BBC News 20240604 03:07:00

Of supreme court rulings this week. we saw affirmative action struck down, appearing back of lgbtq rights, biting s student loan forgiveness programme struck down as well. how big of a setback do you think this has been for president biting s agenda? been for president biting s aaenda? v been for president biting s aaenda? , ., been for president biting s aaenda? h w , been for president biting s aaenda? , ., , ., agenda? it s not ust about president agenda? it s notjust about president biden, agenda? it s notjust about president biden, it s - agenda? it s notjust about president biden, it s about| president biden, it s about what it says about the drift of the supreme court stop 6 3, 6 3, 6 3, all of these momentous decisions ? the growing influence of the conservative majority on this court. and while president biden has control of the white house and the democratic party has control of the us senate, it s the republican appointed justices on this court, three of them appoint ....

Us Supreme Court , Affirmative Action , Student Loan Forgiveness Programme , Lgbtq Rights , The Drift Of Supreme Court , Emmanuel Macron , Democratic Party , Donald Trump , White House , American Life , There Of American Life ,

Transcripts for BBCNEWS BBC News 20240604 22:10:00

The grant also need to significantly increase the grant so you want to take out as much the grant so you want to take out as much of the grant so you want to take out as much of a the grant so you want to take out as much of a loan everyone to reduce the interest on student loans so that payments go directly to principal and not so much to interest principal and not so much to interest and some of the forgiveness programmes that the president has described programmes that the president has described our income based we pay a percentage described our income based we pay a percentage of your income for so nrany percentage of your income for so many years percentage of your income for so many years and then after those years. many years and then after those years. your many years and then after those years, your discharge. he wants to make years, your discharge. he wants to make them years, your discharge. he wants to make them more generous and more than affordabl ....

Student Loans , Forgiveness Programmes , Presidentjoe Biden , Student Loan Forgiveness Programme , Affirmative Action ,

Transcripts for BBCNEWS World Business Report 20240604 05:32:00

But congress will urgently have to find a solution and it is more divided than ever as michelle fleury reports from new york. the debt ceiling or debt limit is the legal amount the american federal government is allowed to borrow. it american federal government is allowed to borrow. allowed to borrow. it has maxed it out faster allowed to borrow. it has maxed it out faster than allowed to borrow. it has maxed it out faster than expected, - it out faster than expected, there are a couple of reasons for this. there are a couple of reasons forthis. new there are a couple of reasons for this. new policies including the student loan forgiveness programme contributed to raising the amount of money it has been, also rising interest rates going up faster than expected meaning the united states government is paying more to borrow money. in fiscal 2022 it made for $75 billion in interest payments, up from $352 billion the year before, if congress doesn t address the debt limit swiftly, amer ....

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