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can a letter till. saddam did to go publicly and render some the colonel was no joke as a treat. damages done up in washington announces a deal to raise the debt ceiling and of the default critics say the move doesn't solve america's problems and its reputation is going down the drain. the u.s. and the east step out that push for sanctions against the syrian government alter a crackdown on protesters reportedly left more than a hundred people dead last day says an audience will be the side of the country's conflict is unacceptable. veterans of his and he called the rally the stonier all being founded all the country's staring fears of revival not since it may be a. kind of deadly tornado hits a russian city for the past time ever a injuring dozens of greek widespread however. plus own business

oil prices are on the rise as washington reaches a last minute deal to escape a debt default or have all the details for you on that and twenty minutes. everyone welcome to you this is all the live from moscow now after weeks of stalemate and political wrangling american lawmakers have 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 leaks all monday well the hard won compromise without american borrowing continued in exchange for more than two trillion dollars in cuts over the next decades the agreement was reached after president obama's last ditch efforts to persuade democrats and republicans to set aside their differences the u.s.

could send raechel throughout the column e. if its fourteen point three trillion dollars debt limit isn't raised by tuesday but as marina point not reports the bumpy road to the eleventh hour consensus has already dealt a severe blow to america's reputation in the minds of its investors. help us avoid the fall debt ceiling nation default and that's 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 blow up 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 their partnership with america it's like being married to someone to serve a year just as they were jerk you want to know what'll i do how much can i put up with this relationship the u.s. will be in for a long time the only game in jail but the your community is making noises chinese making noises you know we're alone now in our ability to be a repository for. in the world the result could spark a replay of the two thousand and eight. 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. interest rates would skyrocket on credit cards on mortgages and on. which amounts to a huge tax hike on the american people as the countdown neared zero all three big rating giants moody's fitch and standard and poor's threatened america's hallowed triple a score unless a deal was hammered out and the fourteen point three trillion dollar debt getting higher economists say america's unsustainable budget deficits are the biggest threat to the nation it's like the batteries worn out the spark plugs don't work the tires are flat all of this and so what we're trying to do is say we've got a little bit of money in the bank let's pay that 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 send an e-mail tweet keep the pressure on washington and we can get past this while the eyes of the world's 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 up or nile r.t. new york. well the current compromise comes just in time to avert catastrophe it's feared it might not be enough to persuade rating agencies to let america keep its triple a credit score a downgrade would severely hump a recovery prospects and some analysts believe the us economy is headed towards an in evitable. the army is that eighty percent of the spending in the mandatory spending already now exceeds the tax revenue so even if they try

to cut the budget all the expenditure they would have to default because the mandatory or the composer is spending obligations which the u.s. government congress back down on exceed the tax revenues or some of the other the u.s. government would have to default on its obligation the worst loser out of all of this i think is the u.s. dollar of the u.s. doesn't deserve our aaa credit rating it is a joke if you look at the 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 where there's debts 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 rout 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 well the plan to reduce the deficit will come in two stages the first involves around nine hundred billion dollars in spending cuts of

a second need further savings of one and a half trillion. committees yet to decide where these will be implemented max front of both chief economist investment in phases green collar capital says the measures that will hurt many people in the u.s. but won't solve the underlying debt issue. 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 done 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 to ten used to hurt 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 not without debasing 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 a unique situation that 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 they 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. 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 that our government the united states government didn't enter us into wars without being sure they could pay for them without being mindful not to increase the national debt a lesson that i think we were prudent to be concerned with them eight hundred seventeen and someone failed to remind us of as we went into afghanistan and iraq so there's

actually a very interesting historical story around the debt ceiling or statutory debt limit which i've noticed hasn't been much told of late was the full interview with financial analyst from devolve on our website dot com well here's a quick taste of what's ahead for you at this hour in the program moscow's old architectural gems are getting a new life they've been turned into money traps targeting eco immigrants pays a visit to uncover the details. and we dramatically choose a destructive well when the tools tree branches of the far east calls the home destruction. several naysay states are threatening action against syria that says eyewitnesses report that country's security forces have renewed their attacks on the city of hama more than a hundred people are said to have been killed on sunday when government tanks forced their way into the opposition stronghold were russia has condemned the

violence in syria calling on both sides the government and opposition to abstain from brutality and abide by the no meanwhile germany is calling for an emergency session of the un security council but the e.u. imposing more sanctions on damascus but some almost top president of the arab lawyers association says western countries don't have. the credit. for a series of fads. the interference of the outside world in my view can be counterproductive unless it is down to property rather than just making these wild statements like for instance the usa would 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 activity they've done it with syria and have done it with libya but the same down they have not done it with yemen they have not done it with other places where

there is uprising including bahrain for instance when president obama says what he say everybody in syria and out of world will immediately respond back on by one tenement banning about abu dhabi and 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 well that 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 that i cards. poses any u.n. resolution against damascus warning that such a step could lead to a libya. where the nato operation stands accused of exceeding its mandate russia's calling for dialogue provide the solution to syria's internal political problems. but the man we realize the city 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 and arguably to both in terms of numbers and complexity we think the best way to deal with these problems is a nationwide dialogue that brings crucial political social and economic reforms to support all efforts aimed at launching in promoting a substantiative dialogue between the government and the opposition we adhere to the notion that 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 we also call on the syrian government to keep their promises and live up to the hopes and aspirations of the people. where you can see that interview with russia's deputy foreign minister in full next hour here on. all syria is deteriorating situation these many wondering how the crisis might be resolved to share your opinion visit our website and calls your own

view also a majority of just want to stay away from serious problems altogether over thirty percent say the dialogue between the two sides or even if you add them to the helping the opposition to kick back that out and there's at least support for more radical measures like bombing the country into the moxy if you have a doubt you'll say you had to go to r.t. dot com it's a cartoon. veterans of hit his elite troops he forty guns the soviet army in world war two have traveled from around europe to hold their annual rally. stonier former members of the nazi both on s.s. referred to know times as freedom we're joined by neo nazi groups in the country and as aussies are first reported feared estonia is a core of narcissism is feeding dangerous far right movements right across europe where here in the estonian town the cinema at the nineteen forty four is

a scene of fierce fighting between saviors soldiers and yes this all says we're here by the monument to commemorate the soviet soldiers that died in that fight less than a mile away and this town's all save the scene of the gathering of veterans of this day near waffen s.s. it's an event this gay widespread criticism for glorifying naziism. of. association of former soldiers laugh this off or on but it's something at the moment you don't think about later or think about people but . the war. for a. country and most of year it these kind of events abound. in order to hear. that interesting year it's a different story altogether. it's common in the story you to call these people freedom fighters we hold or protest rallies on the same do you do you hold this

event to remind them what they are doing given allegiance to hitler to tell them that they had never liberated the stony moreover money of them are engaged and all of them are more or less accomplices of the crimes committed by nazi germany. in fact in recent years the astin you know thirty's have made it increasingly difficult for those who come to oppose the event this year once again members of the anti fascist movement were detained at the buddha and pulled over by the police the car we were traveling in was also stopped for questioning on the way in. or have an entry prohibition to the country and of course they don't want any kind of other opinions than their own opinion which is very very much supporting the. revival of the far right across europe has caused growing concern right parties a gaining ground in countries like austria finland and france savage sluice are by

far right extremists and as brave can always recently has driven home just how dangerous these keys remain i think this is a problem of. the extremism and far right wing extremism and the fact the authorities. calls calls the arms. of this these say far failed to take decisive action to stop nazi commemorations within its borders russia's push for international legislation to condemn the glorification of wartime fascism but events like the one in a sting and make it glaringly clear that not all countries are on board critics of this event hardly that the gathering provides a for and for dangerous near fascist i did is the government's failure to ban it is seen at the very least as being morally and politically insensitive surf.

dania. well there's a lot more fuel on our web site on t.v. dot com and he says the taste is almost always you can find online right now an innocent american was jailed for a crime trumped up by his wife and her boyfriend because he gets the last long so long with fifty million dollars of station. in france is done all the leo tolstoy merest been where participants will be reading out loud from war and peace all one thousand seven hundred pages of bases health and more are to be done. now to some other international headlines this hour twenty five libyan refugees have been found dead on a boat which they used to sail to the italian island of lampedusa officials say the men were found in the engine room where they were choked by feelings the boat arrived after three day voyage from libya carrying it two hundred ninety six people from sub-saharan africa that's the latest in a wave of arrivals since the civil war began four months ago italian authorities

are investigating the case. eighty five is that we killed in libya after rebels clashed with colonel gadhafi loyalists in the opposition stronghold city of benghazi the fighting started when rebels welded up a group they suspected of murdering a military chief and having links to gadhafi well the military commander and libya's former interior minister yunus was assassinated last week over two thousand people have died in the violence since the civil war began four months ago. this is protected leader of one of mexico's most notorious drug cartels has admitted to the murders of fifteen hundred people the thirty three year old man known as el diego was arrested following a gun battle with police on a friday he's accused of being the head of a gang of hired killers and corrupt enforcement officers working for

a major crime ring with the cartel controls a supply of illegal drugs smuggled from the sewer the us into the united states. ok some news just in now here we are seeing we're getting reports of clashes between security forces and processed is in a cairo tens of thousands of the edge a holding a mass rally of demands as stemming from the popular uprising last february that ousted former president hosni mubarak will for more on that let's cross live now smart and professor of modern history adults that university in the u.k. does arment and many thanks for being with us here on r.t. so what is it is for people back onto the streets in tahrir square. well it's really. the reason for the demonstrations there in two main characters one is the secular opposition so who are happy with the train distance mubarak role

in very very very clear what the military government in practice is a continuation of their old regime and all sorts of things they want to have not been done then the was the added impetus of the muslim brotherhood and other islamic groups who were protesting last week and. loren hoary more religious reorientated. called it one based on democracy and some lower tensions with god local shopkeepers local businesses and not there are some who feel of the continuation of demonstrations talk to most of our people these are very bad news for them economically it's a little tension within the whole groups of people as well. so lots of different strands of disaffection people on happy with the pace of change and people unhappy with the change of s. seeing is there a danger that we could see a new revolution taking place in egypt. in two ways is one we could see risks attempt to clear the square may well provoke protests more violence will be around

into the other hand it also may be a sign that the government wants to use ramadan as a mom calm the situation we're supposed to have elections. in eight weeks time. no i would of course provoke more protests we could see as we've seen in other parts are world expectations are the meaning of the end of casting people were just regular hospitals who demonstrate what we could see the government continuing this will be an opportunity to correct some support from people who feel they had enough demonstrations in cairo but you have a kind of weariness of demonstrations but of course there are many people who have close dr masoretic and the hoaxer tone could also die i imagine ram it down and there is the timing of all of this important are people seizing on this is a chance to to galvanize the crowds and perhaps even more violence take place. well i think there are those who hope very could see people using the or the whole there could be underaged combined also perhaps with religious influence to really more

people out on the streets not just in the center of our overall square that maybe while the government wants to. be going up among could order to stop the demonstrations so we have some local people local businesses not only don't like constant russian traffic and calls for a demonstration a real danger that you could have a serious crash between different interest groups government to protest. the rights of professor mark almond from oxford university in the u.k. my thoughts of being with us here on r.t. . ok that's the way the nice exists our world one final story feeding moscow's oldest buildings have become home to dozens of illegal immigrants desperate crowds flock to the russian capital seeking jobs or better living conditions before prey to city officials he cash in with scans that charge high rents for low conditions are stored investigators looking into the exploitation rockets. at first glance it

looks like a case of illegal immigrants squatting in a former architectural gem. 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 center of the 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. this is the world so it's good for you to live in crowded conditions who knows what diseases they may have many of them don't work where they get money to eat make stealing or committing other crimes i must he go on his fellow activists call the authorities and the next day we return with offices of the federal migration service. for.

the migrants who do open their doors soon wish they hadn't nature of course they might hear you paying rent to you for this place or what and just to give you just again do you live here. most are too scared to talk to us 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 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 quiet center provides an answer when you've let that what you can it's the local housing committee it happens all over moscow is unemployed and of an illegal immigrants they're forced to pave stay in old in abandoned buildings if they can't they're thrown out and what about the illegality of this day that the local housing committee in turn 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 they admitted 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 the only that it is not a soldier it really will proceedings should be initiated and the kids should be in this to get into into court or else other officials abusing their job positions will worsen the habit of looting dilapidated houses to legal migrants. our

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 barton r.t. . one victim killed by a destructive twister as it swept through russia's forest twenty eight others were injured by the huge wall when the not till phenomenon considered rare for the region but for the whole country the tornado tore through the center of the city tearing rooftops and balconies from over one hundred buildings overturning chunks trees and ripping out power lines it weighs only for a few minutes but i witnesses reported that it cause incredible damage most roads have now been cleared but hundreds of homes are still without electricity for more dramatic pictures like this do go to our website dot com.

that's where the news is this hour here on our t.j. go away they are about to recap our top stories in just a few minutes. for the full story we've got. the biggest issue.