oh she's available in the movie joins me the children's the i love you that's a great way to turn the branding period. to george weston coromandel you can oh well it's a little closer to the joke its ability to go clear from the sun because it was her job as a retreat. dommage examiner washington announces a deal to raise the debt ceiling out of the polls but critics say the move doesn't solve america's problems and its reputation is going down the drain. the u.s. and the e.u. stepped up their push for sanctions against the syrian government after a crackdown on protesters purported the death of one hundred people dead last day says violence on either side of the country's conflicts is unacceptable. and veterans of head is an elite troops hold a rally in a stadium after being banned in another country staring here's

a provide not sensitive you're a. very warm welcome g. this is live from moscow now after weeks of stalemate and political wrangling american nor makers the finally struck a deal to raise the country's debt ceiling and avoid potentially devastating default however the plan still needs congress' approval with votes in both houses expected they said on monday he called one compromise will that american borrowing continue in exchange for more than two trillion dollars in cuts over the next decade the agreement that was reached after president a thong as last ditch efforts to persuade democrats and republicans to set aside their differences the u.s. could send ripples throughout the last fragile economy if its fourteen point three trillion dollars debt. then it isn't raised on tuesday that's what not to report

a bumpy road to an eleventh hour consensus has already dealt a severe blow to america's reputation allies of its investors. and will help us avoid default debt ceiling nation default and this crisis time's running out the entire world is watching it's been a public spectacle filled with bickering grandstanding and lack of compromise i devise a debate over raising the u.s. debt ceiling created an unprecedented climate of uncertainty over america's so-called sound economy the damage been done no matter what happens now everybody really thinks the united states isn't so secure it isn't so safe even if the craziness subsides it seems to have gotten real close and who knows whether the next month next year this war will walk again since the underlying causes economic problems are getting worse in this country four point five trillion dollars of

america's borrowing is owed by foreign countries experts say washington's mismanagement may cause investors to abandon the devalued dollar and end their partnership with america there is someone you have to so many of the richer you want to know where you. can put up with this relationship the u.s. will be in. your game and share with the european community is making noises chinese are making noises we're going to we're alone now in our ability to be a repository for financing in the world the result could spark a replay of the two thousand and eight economic meltdown except this time washington not wall street would be responsible for the first time in history our country's aaa credit rating would be downgraded leaving investors around the world to wonder whether the united states is still a good bet. the interest rates would skyrocket on credit cards on mortgages and on poor. which amounts to

a huge tax like on the american people as the countdown neared zero all three big reading giants moody's fitch and standard and poor's threatened americans how load triple a score unless a deal was hammered out and that fourteen point three trillion dollar debts getting higher economists say america's unsustainable budget deficits are the biggest threat to the nation it's like the batteries worn out the smart clothes don't work the terrace or flat oh this is what we're trying to do is say we've got a little bit of money in the bank let's pay that debt down but we're not doing anything to fix the economy and so we're putting ourselves in a bigger and bigger hole not just because of the dad but really because we're not creating any way to get out of the debt instead of the u.s. president repeatedly asked americans over the past week to join the campaign to borrow and spend more make a phone call to the e-mail tweet keep the pressure on washington and we can get

this while the eyes of the world have been following the heated saga playing out between u.s. politicians the main problem not going away is america's debt and the growing realisation that elected officials may never be capable of agreeing on how to solve it. r.t. new york while the current compromise comes just in time to avert catastrophe is feared it might not be enough to persuade ratings agencies to that america keep its triple a credit score a downgrade would severely her recovery prospects of the some of the believe he was economy is headed towards inevitable. the army is that eighty percent of the spending the mandatory spending already now exceeds the tax revenue so even if they try to cut the budget for the expenditure

they would have to be forced because the mounting fear of the composer is spending obligations which the u.s. government can't back down on exceeded our sermon you saw some of the other the u.s. government who have to default on its obligations the worst lose a lot of all of this i think is the u.s. dollar the u.s. doesn't deserve our aaa credit rating it is a joke if you look at best finances of the u.s. the federal debt now accounts for roughly ninety six percent of g.d.p. and as far as i can see there is no way this that's going to come down and the u.s. has no business getting a aaa rating and when other people come to the same conclusion as i do then i think there could be a rotter in the bond market and as mr obama was alluding to earlier we could see seriously higher interest rates and a serious weakness in the u.s. dollar which is obviously very bullish for commodities and precious metals such as gold and silver of the plan to reduce the deficit will come in two stages the france involves around nine hundred billion dollars in spending cuts second needs further savings of one and a half trillion

a congressional committee has yet to decide where these all implemented but i'm not surprised wolf chief economist and investment advisors really across capital says the measures will hurt many people in the u.s. but the underlying debt. this whole crisis started as an opportunity of political theater these guys couldn't even choreograph success out of their fake crisis and so now we have a huge international failure which has already gone possibly lasting and certainly serious damage to the standing and reputation of the united states of america how hasn't much been mentioned that not a single plant out there reduces the national debt they just change the speed by which it grows all the showdown all this fanfare is about changing the exact forecast ten years speed of debt growth none of these plans make real efforts to reduce the long term problem of insufficient revenue and these plans do reduce spending in ways that will be painful and for many communities in the united states transformative but that will only reshift focus on to the more important long term

issues of the absolute in sustainability of being committed which we are committed to having insufficient revenue for the amount of spending that we're going to be doing for the forseeable future while having a fourteen point three trillion dollars national debt this process itself has and continues to her the faith and credit the world has in the united states the united states has the kind of budget imbalance that normally does occasion a downgrade we do have a particular set of opportunities in the united states not available to countries which is a good reason not to downgrade and that is we can print the world's global reserve currency now without defacing and devaluing that currency but we can print it so the united states borrows in dollars and has the sole unique legal right to pay things and produce dollars which is eniac situation and makes us more credit worthy a downgrade which i think is quite possible and the sheer spectacular public

failure of the american political system will take a while to figure out but they will not be minor and it will not be positive just so people know the statutory debt limit of the united states has been raised ninety times since one nine hundred forty that's an average of one point three to one point for. times a year every single year there's another funny thing that no one seems to mention about the debt ceiling which i find interesting as something of an economic historian and that is that the debt ceiling came into being in one nine hundred seventeen because people in the united states were afraid that congress would enter world war one the looming conflict of its day and the idea was to make sure they got our government the united states government didn't enter us into wars without being sure they could pay for them now without being mindful not to increase the national debt a lesson that i think we were prudent to be concerned with in eighteen seventeen and someone failed to remind us of as we want into afghanistan and iraq there's actually a very interesting historical story around the debt ceiling or statutory debt limit which i've noticed hasn't been much top of late you can watch the full interview

with financial analysts will have on our web site sassy dot com but he's also quick taste of what's ahead for you this hour in the program is old architect all germans a good life they've been turned into money traps targeting illegal immigrants r.c. pays a visit at his ease. and we've got a dramatic pictures of a destructive world with a tour through much this far east as an aunt's home to destruction. several nato states are threatening action against syria advances eye witnesses report that country's security forces have renewed their attacks on the city of hama are more than one hundred people are said to have been killed on sunday when government times forced their way into the opposition stronghold or russia has condemned the violence in syria going on both sides the government and opposition to abstain from brutality and have by the law meanwhile germany is calling for an

emergency session of the u.n. security council but even expanding sanctions against and asking us to stop i walked upright and the arab nations as western countries have the credibility you need. in series of facts. the interference of the outside world in my view can be counterproductive unless it is down properly rather than just making peace while statements like for instance the usa will decide whether the president of syria has next in the sea or not everybody is asking what right do the americans have to put this question anyway let alone deciding it but they seem to be doing this selectively they have done it with syria and have done it with libya but at the same time they have not done it with yemen they have not done it with other places where there is uprising including the train for instance when president obama says what he say everybody in syria and out of world will immediately respond

back about one time and then about abu ghraib and about the rest of the afghanistan situation all of these things so dreams hallow and it doesn't give any comfort generally speaking the world seems to be content with condemning and making these wild crazy statements whether it's you know the regime is less than it or not or whether it should be it's using use of force the world can play on all but i think the present moment it's not playing the cards. there's any u.n. resolution against damascus warning that some just that could lead to a libya style so norrie where the nato operation sounds accused of exceeding its mandate well buses calling for done along to provide the solution to syria's internal political problems. w. my we realize that syria is going through a very difficult stage of development which is similar to few other countries in the region and internal civil conflict between the government and part of society

political social and economic problems are not agreed to both in terms of numbers and complexity we think of this we to deal with these problems as a nation where dialogue being crucial political social and economic reforms we support all efforts aimed at launching and promoting a substantial dialogue between the government and the opposition we are here to the north and the both parties should abstain from violence the syrian government and president assad has delivered a number of statements on the reform plan we insisted it should be implemented step by step in a consistent manner promptly and efficiently and we also call on the sitting government to keep their promises and live up to look of the people. where you can see that interview with russia's deputy foreign minister in full in around fifteen minutes time here on r.t. well syria's a deteriorating situation these many wondering how the crisis might be resolved to show your opinion on this is you do. but there are websites that rather and calls your those on the seat so far the majority if you just want to stay away from

serious problems altogether if the thirty percent favored dialogue between the two sides and even fewer happy to help the opposition to kick us out out and there's at least the support for more radical measures like bombing the country and see if you haven't had your say yet to go. to cast your vote. veterans of hitler's elites cheap the force against the soviets on. world war two have traveled from around europe to hold their annual grammy in a state where former members of the nazi buffet i asked to name the as fighting freedom were joined by new nazi groups around the country and as artists or further reports it's feared a stain is a case of narcissism is feeling dangerous like movements right across europe we're hearing is staying in town a cinema but that annoying thing forty four it's a scene of fierce fighting between save its soldiers. were here by the monument to

commemorate the soviet soldiers that died in that fight less than a mile away and this town's all say the scene of a gathering of veterans at this day near one there is an event there's a widespread criticism for glorifying is a. former soldier yourself of the roughest i will form but if it's something like a moment you don't think about a lethal weapon for go through a few people but. that's the war for a. country and most of year at these kind of events. are not going both in order for them to hear. it in the stone years a different story altogether. it's common in a strong leader to call these people freedom fighters we hold or protest rallies on the stream do you do you hold this event to remind them what you are giving

allegiance to who can tell them that they have never liberated. moreover money of them are engaged and all of them are more or less accomplices of crimes committed by nazi germany. in fact in recent years he is still in you know thirty's and made it increasingly difficult for those who come to a close the events this year once again members of the anti fascist movement were detained at the pool. by the police car we were traveling in was also a stop for questioning on the way in. or have an entropy vision due to the country of course once again a kind of other opinions from their own opinion which is very very much supporting the basis of the revival of the far right across europe has caused growing concern ultra right parties a gaining ground in countries like austria finland in france savaged by far right extremists and is brave it can always recently has driven home just how dangerous

he's remained i think this is a problem. far right wing extremism and the fact that you were three things you. calls calls the rise. of this be you say far failed to take decisive action to stop nazi commemorations within its borders bush's push for international legislation to condemn the glorification of wartime fascism prevents like the one in a stain yet make it glaringly clear the not all countries are on board critics of this event argue that the gathering provides a for and dangerous near fascist state there is the government's failure to but it is seen at the very least as being morally and politically insensitive surface r.t. . well there's a lot more for you on our website allison dot com his is the taste of some of the

stories you can find online right now an innocent american man was jailed for a crime from top by his wife and her boyfriend caught he gets the last laugh then over fifty million dollars of compensation. and france is to hold a lier tolstoy knowledge is that this will be reading out loud from war and peace all one thousand seven hundred pages of it all these details them all out on t.v. dot com. let's check out some international stories in brief now this hour and eight finds as have been killed in libya after rebels clashed with colonel gadhafi loyalists in the opposition strongholds your bengazi but fighting started when rebels rounded up a group they suspected of murdering a military chief and having links to get out the the rebel military command and libya's former interior minister of both fatah yunis was assassinated last week over two thousand people have died in the violence since the civil war began four

months ago. the suspected leader of one of mexico's most notorious drug cartels is the message of the murders of fifteen hundred people a thirty three year old man known as el diego was arrested following a gun battle with police on friday he's accused of being the head of a gang of hired killers of corrupt foresman officers working for a major crime ring the cartel controls the supply of illegal drugs smuggled from swathes of artists into the united states. tens of thousands of anti-government protesters took to the streets across israel over the weekend demonstrations over rising housing prices that spilled over into why did discontent with rising costs of living and the growing divide between rich and call people with demanding social justice a better working conditions prime minister benjamin netanyahu when else to help gather a round table discuss plans to ease the financial burden on israeli citizens more

protests are expected. moscow's oldest buildings have become home to dozens of illegal immigrants despite a rather desperate so crowds flock comes to the russian capital and seeking jobs or better living conditions before praises city officials and cash in with scams that charge high rents for low conditions on his home bottoms joint investigators looking into the exploitation racket. at first glance it looks like increase of illegal immigrants scorching in the form architecture of june. this used to be part of the moscow conservatory. this building here in the center of moscow was formally empty we heard but now there are many immigrants living here in very poor conditions are illegally right in the central city. but they would perhaps have gone unnoticed if it weren't for the fuss raised by quiet center a group of local residents wanting the migrants off their doorstep picky by

liberals of the world as people fill it in crowded conditions who knows what diseases they may have many of them don't work where they get money to meet make stealing or committing other crimes the most evil and his fellow activists call the authorities and the next day we return with officers of the federal migration service. the migrants who do open their doors soon wish they hadn't these neighborhoods they might hear you paying rent to for this place. what's interesting here is just the guest that you live here most are too scared to talk to us but what we do learn points to a far larger and more shocking story they aren't squatting they're being charged rent. a man comes to pick up the money from everyone living here i only know his face not his name stop filming me so if we go into one of these rooms this room

here as you can see it has one two three four five six beds who knows how many people have to sleep in this room and if we come on to this room here there's two beds possibly more in here that lady doesn't want to talk to us but each of the people that are sleeping in these rooms pay three thousand roubles every month to do that as the migrants are led outside the questioning changes from what are you doing here to who is keeping you here eventually one of the group quite center provides an answer so when you place a problem you come up with the local housing committee it happens all. over moscow as unemployed and of an illegal immigrants they're forced to be within old in abandoned buildings if they can't they are flown out and what about the legality of this. a local housing committee interned shares its earnings with the city council and a district police inspector because it's impossible without their consent when we took these allegations to the federal migration service did knitted it wasn't the

migrants fault they wanted someone to live in moscow central district government was even more damning confirming our suspicions and admitting the rot goes deep inside the housing administration that's clear though and they did it in order soda it really were proceeding should be initiated and lick your should be in this to get into into court a real star officials abusing their job positions will worsen the habit of letting do i put it hoses to legal migrants if it came to deals or investigation revealed just a small part of the scheme to charge illegal rents at hundreds of sites across moscow to people in a desperate position and by providing false hope of a place to live they're only going to encourage more misery for residents and migrants alike tom bottom r.t. and in other news one victim killed by a destructive twister as it swept through russia's a far east twenty eight others were injured by the huge whirlwind and natural

phenomenon considered rare not only for the region or for the whole country well tornado tore through the center of the city tearing roofs off balconies for over one hundred buildings over it having trucks operation trees and ripping up power lines it raged only for a few minutes but i witnesses reported credible damage most roads have now been cleared and hundreds of homes are still without electricity or more dramatic it is like this do go to our web site r.t. dot com. every school be tool to russia's deputy foreign minister about ongoing violence in the arab world have passed all the races business deals with marina. hello and welcome to business here artsy now we'll start with oil which is advancing from two week lows and that's after person obama announced that democrats and republicans had agreed on a sou and a half trillion dollar cost cutting program for the next ten years this should

ensure the debt ceiling is raised and there'll be no the fold on its own payments and meanwhile a report from europe's biggest oil company of oil dutch shell says the time of low cost or oil and gas is at an end it says finding resources will be more complex and require more money and investments but whether this will mean a cash bonanza for oil rich nations is an open question. the cheap energy is a function again of the financial market and the financial market on the aggregate right now it's pointing towards countries that want to inflate their situation out of the trouble right here by inflating their systems they think they get out of trouble and by inflating the system that leads to higher quality prices whether it's grains coal or oil or on the aggregate i think that's what europe has to do and it's doing and i think that's where the u.s.

has to and will do so from a russian printer view on the aggregate over the long term the oil prices will be higher whether that buys more things with the money i don't think so because it's really a reaction of inflation. let's take a look at sort of oil prices now light sweet is squarely trading at ninety six dollars per barrel brant is out one hundred dollars and precious metal prices are in the right following positive news over the u.s. that's you know gold is losing over a half a percent while silver is down over one percent they're. the world market so they're relieved after obama announced that u.s. that limit europe is slated and the black financials which have sort of happening in recent weeks over fears of a u.s. default are now among the biggest gainers h.s.b.c. standing over four percent or head of results and the group announced sunday that

apple's one hundred ninety five brutal crimes was an upstate new york so first magnified for around one billion dollars. and here in moscow stocks rise the most than two weeks as all and commodities surge the r.t.s. and of my socks are over one and a half percent there let's take a look at some individual movers on the my stocks and their tomatoes are among the main gainers with gas from just under two percent. banking stocks are higher bank of moscow surged almost five percent on bets the lender of whether defaulting on its euro bonds after publishing its once inside earnings and power generator answer is also on the rise the company has tripled its that profit in the first half of the year reaching eighty three million dollars. oh there is only refinery our own by russia's local is surname shot for up to half a year after the country's government revoked license now the facility supplies

almost half the country's fuel meaning boulder area is not happening through its reserves darian customs halted operations at the plants after local rail to install a new metering equipment accordance a connoisseur newspaper the government was suspicious look or was not declaring all its exports the russian oil company says there wasn't even enough time to make the required challenges. we can only install the meters quicker than is technically possible it will take several months minimum to install them we told gary that it would be a very long and expensive procedure unfortunately they didn't understand and we didn't manage to finish in time. so the business is for now for more stores it can always check out our website artsy dot com slash business in the meantime stay tuned for the headlines without us.

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