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BBCNEWS Asia July 6, 2024

there is a roughly one in four chance that the us will hit the so called x date, when the us government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned the two sides remain far apart. republicans are warning that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of an agreement. and even if a deal is done in time, economists say that depending on the details, cuts to government spending are likely create economic headwinds that could bring down inflation a possible silver lining for the federal reserve, which has been raising interest rates to fight inflation. fed o ....

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BBCNEWS Asia July 6, 2024

has the latest from new york. there is a roughly one in four chance that the us will hit the so called x date that s when the government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned that the two sides remain far apart. republicans are warning that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. republicans are demanding that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of an agreement. and even if a deal is done in time, economists say that depending on the details, cuts to government spe ....

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BBCNEWS Asia July 6, 2024

reach a deal on the country s debt ceiling, with the us house speaker kevin mccarthy saying on wednesday that negotiators remain far apart. our north america business correspondent michelle fleury has the latest from new york. there is a roughly one in clutch make chance that the us will hit the so called x date, when the us government runs out of money to pay its bills, before the dental ministries. that is according toj.p. morgan chase. they say the other any worse. debt limit raises. kevin mccarthy said he thought progress could be made but warned the two sides remain far apart. but warned the two sides remain farapart. her pub but warned the two sides remain far apart. her pub concert amending that any deal must cut future federal spending in exchange for raising the debt ceiling, a redline for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of agreement. and even if a deal is done in time, economis ....

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BBCNEWS HARDtalk July 6, 2024

is the director general of the wto, ngozi okonjo iweala. will rising geopolitical tensions lead to the weaponisation of trade? ngozi okonjo iweala, welcome to hardtalk. thank you, stephen. now, you are one of the world s key advocates of ever freer trade, more globalisation. what s it like to be doing yourjob when the political tide across the world is running against you? the wto s purpose, the world trade organization, is. its purpose is to enhance living standards, to help create employment and to support sustainable development. there could be nothing more worthy than that. so, it s supposed to deliver for people. and that s what i want people to know about it, therefore. nobody could quarrel with those objectives and that sentiment, but the truth is you are a membership organisation with 160 plus members. you have clearly key members like the united states and china, and you can only work if there is an element of trust, of co operation, of a desire for common obje ....

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BBCNEWS HARDtalk July 6, 2024

well, my guest today is the director general of the wto, ngozi okonjo iweala. will rising geopolitical tensions lead to the weaponisation of trade? ngozi okonjo iweala, welcome to hardtalk. thank you, stephen. now, you are one of the world s key advocates of ever freer trade, more globalisation. what s it like to be doing your job when the political tide across the world is running against you? the wto s purpose, the world trade organization, is. its purpose is to enhance living standards, to help create employment and to support sustainable development. there could be nothing more worthy than that. so, it s supposed to deliver for people. and that s what i want people to know about it, therefore. nobody could quarrel with those objectives and that sentiment, but the truth is you are a membership organisation with 160 plus members. you have clearly key members like the united states and china, and you can only work if there is an element of trust, of co operation, of a ....

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