later on tuesday let's cross live to washington where the agreement was hammered out artie's lucy catherine i was there for us hi there lucy so what is this a vote mean for the u.s. economy. well not a lot of good news in terms of the big picture for the u.s. economy of course the only thing that we can be certain of that this deal means is that it averts the self imposed potential crisis of a u.s. default which would have been the first time this country faced that could have defaulted in its history what we do know in this legislation is a does sort of cut spending by about two point four trillion dollars over the next decade what that means in the short term for the u.s. economy is potentially a lot of us stifling of growth now we have to keep in mind that the united states has grown the g.d.p. has grown by just a mere one point three percent in the second quarter we saw that unemployment rates are still astronomically high at nine point two percent and so a lot of economists are saying this is not really the time to be cutting the spending to be capping spending it does of course satisf

even seen today tell me what you want to see r t cover for you just follow me on twitter it's at lucy catherine of one word will be right back in the bit with more news and commentary. it's. wealthy british. market why not. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into cars a report on our cheat. download the official placation i phone the i pod touch from the i choose ops to. life. video on demand tease mine fuel costs and says feeds now in the palm of your. mission. the latest in science and technology from around. the future our coverage. look. look look look. look. look. the emissions free to critique a should three cars four charges three. majors three kids three kids two priests. the old sleep on. the street mediocre. sleep. today. game fled the from these are the images the world has been seeing from the streets of canada after. the slums. as you can see. born and old regions of colombia state fights all armed groups with the same zeal. that the. term goals positive is let's say a colombian

well good evening it is ten am here in the russian capital i'm lucy catherine of and of course.

remaining hurdle for the legislation is senate approval which is expected later audit tuesday artie's lucy catherine all visited washington with more. not a lot of good news in terms of the big picture for the u.s. economy of course the only thing that we can be certain of that this deal means is that it avert the self imposed potential crisis of a u.s. default what we do know in this legislation is it does sort of cut spending by about two point four trillion dollars over the next decade what that means in the short term for the u.s. economy is potentially a lot of tightening of growth now we have to keep in mind that the unemployment rates are still astronomically high at nine point two percent and so a lot of economists are saying this is not really the time to be cutting the spending this whole battle over the debt limit is kind of a proxy war an ideological proxy war between the republicans in congress and the democrats in congress what we saw with the past election is the rise of the so-called tea party wing of the republican party and ideologically what a lot of those folks want is they want

well good morning it is nine am here in the russian capital of moscow i'm lucy catherine oven of course you're watching our t.v. now adverse weather is hampering the search for the wreckage of an unmanned russian cargo space ship which unfortunately crashed in the all tile region and southerners to be various now the progress vessel blasted off on wednesday and was fearing food and fuel to the international space station when it ends up falling back to earth let's turn to peter all over for the. for the latest. later later on we'll actually have peter all over for you but first let's actually get to a different story we're going to hear from the founder of capital science connections innovation agency he's dr patrick fuller and he says that it is unlikely that this rocket could actually cause any casualties the launch trajectory of all of these crawl tends to pass over very sparsely populated regions or even over the ocean in the case of the u.s. launches so the risk is really very very remote indeed i think that's that's not something that we need to be overly worried about the provisi

well good evening it is ten am here in the russian capital i'm lucy catherine of and of course you're watching our team and our top story today emergency crews are searching the forests and sather southern superiors altay region they try to locate the unmanned russian cargo of space ship which crashed on wednesday that of progress vessel was ferrying food and fuel to the international space station when it fell back down to earth and let's get the latest from forty's peter hall of our peter thank you so much for tracking the story for us now any danger opposed to the people in the region from this wreckage global we're hearing from the school's most bush space agency and those carrying out the recovery operation is that there is no immediate danger to the civilian population living in this part of south side period however what they all see is they're asking those local residents not to go out into the woods so it's the forest and try and find bits of the wreckage themselves perhaps to see if it is they have good. and with this they said transporter this transport module was carrying

but the obama administration says the analysis is way off and will damage any recovery arteries lucy catherine off as it washington for us well it really is more than anything a huge a symbolic end on precedent. a blow to the united states to its status as a safe investment basically what this credit rating lowering does that it is it really raises questions about the validity of the united states and the ability of the u.s. politically to get its financial house in order so to speak the record here for the american people for the u.s. government could be severe now while this only takes it down from aaa to a.a. plus with a negative outlook threatening in fact that the rating could get lowered even more in the next two years what it does is it potentially sends the message that the united states is a risky investment that could send interest rates going up for the federal government and because other borrowing costs are tied to that that means mortgage payments could go up mortgage interest rates can go up car interest rates can go up and really the rest of the u.s. economy could be severely a

getting us thursday august eleventh and lucy catherine of reporting live out of washington d.c. and of course you're watching our t.v. well it certainly has been an august like no other summer like no other in fact now the american economy is unfortunately in crisis our suburbs are falling into poverty schools are struggling cities are on the edge of bankruptcy and jobs well those are few and far in between but congress extremes lawmakers are steamed elected politicians they're out on their annual summer break now i do want to give our elected politicians some credit they have been working very very hard on a number of critical issues for example working to avert the first ever downgrade of our prized aaa credit rating not to mention a few others like balancing the budget solving the unemployment crisis and maybe wrapping up a few wars now if you get all of information your. nation from cable news like i do know that this crisis thankfully all of these prices have been averted we can finally move on to the stories that actually matter like these. we're being told that the three