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BBCNEWS Asia July 6, 2024



on us and global economies. so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague samira hussain has been investigating. the first of all, this debt ceiling crisis is actually a political crisis. itjust happens to hinge on a months pass piece of legislation to save the nation from economic catastrophe. so what exactly happening? weeks to go before the federal government is unable to pay its bills. will the us government spend more money that it brings in. so it needs to boro money to pay its bills. it can only boro a certain amount of money. and if it needs to boro more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but the us presidentjoe biden says no way. you need to pass this legislation with no strings attached. so off to the white house the two warring poli ....

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BBCNEWS Asia July 6, 2024



a default could have on us and global economies. so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis. itjust happens to hinge on a must pass piece of legislation to save the nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spend more money that it brings in. so it needs to borrow money to pay its bills. it can only borrow a certain amount of money. and if it needs to borrow more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the ....

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BBCNEWS BBC July 6, 2024



but in the the premier league it s the bottom of the table that s the biggest focus. after willian s opener, vinicius exploited a chasm in the leicester defence to make it two before tom cairney jinked his way past a couple of defenders on the stroke of half time to make it 3 0. leicester were booed off at the interval. the early evening kick off sees everton, who ve picked up just four points from their last seven games, take on a brighton side chasing european football. their boss roberto di zerbi is staying focused, despite having three games in hand on the teams above them. we want to achieve our target and i think it is clear for everybody, we are fighting against a big team, tottenham, aston villa, liverpool, for the europe. and at the moment, i think we are deserving to reach the best position. they have got some very good players. they have got some very good players, they have crew recruited very welt players, they have crew recruited very well. the ....

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BBCNEWS Asia July 6, 2024



here and what would happen if the borrowing ceiling is not lifted? my colleague samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis. itjust happens to hinge on a must pass piece of legislation to save the nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spends more money that it brings in. so it needs to borrow money to pay its bills. it can only borrow a certain amount of money. and if it needs to borrow more, congress has to approve that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the white house the two warring political parties go to try and work it out. ....

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BBCNEWS Asia July 6, 2024



so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis. itjust happens to hinge on a must pass piece of legislation to save the nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spends more money that it brings in. so it needs to borrow money to pay its bills. it can only borrow a certain amount of money. and if it needs to borrow more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the white house the two warring political parties go ....

Presidentjoe Biden , Debt Ceiling Stalemate , Co Working , Asia Business Report , Karishma Vaswani , Janet Yellen , Debt Ceiling , Business Leaders , Global Economies , Emergency Talks , Samira Hussain , Debt Ceiling Crisis , Borrowing Ceiling , Social Security Spending , Political Parties , White House , Social Security , Government Agencies , Thousands Ofjobs , Treasury Bonds , Sameer Hussein Reporting , Bump Up , Stock Price , New York Stock Exchange , Tribeca Investment Partners , Share Price ,