West pushes Russia into its first foreign debt default since 1918

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CNN’s Matt Egan reports. “,”descriptionText”:”Federal Reserve Chairman Jerome Powell said there is a risk that the Fed’s aggressive interest rate hikes cause an economic downturn in the United States. CNN’s Matt Egan reports. “},{“title”:”Warren to Powell: Don’t drive this economy off a cliff”,”duration”:”02:36″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/22/elizabeth-warren-jay-powell-interest-rates-vpx.cnn/index.xml”,”videoId”:”business/2022/06/22/elizabeth-warren-jay-powell-interest-rates-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220622133544-elizabeth-warren-jay-powell-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/22/elizabeth-warren-jay-powell-interest-rates-vpx.cnn/video/playlists/business-economy/”,”description”:”Sen. Elizabeth Warren (D-MA) questions Federal Reserve Chairman Jerome Powell about the impact raising interest rates will have on working Americans.”,”descriptionText”:”Sen. 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Amrita Sen, founding Partner and Chief Oil Analyst at Energy Aspects, explains why the policy is at “complete odds with what needs to happen in the medium term.””,”descriptionText”:”President Biden has urged Congress to approve a u003ca href=”https://www.cnn.com/2022/06/21/business/gas-tax-holiday-biden/index.html” target=”_blank”>federal gas tax holidayu003c/a>. Amrita Sen, founding Partner and Chief Oil Analyst at Energy Aspects, explains why the policy is at “complete odds with what needs to happen in the medium term.””},{“title”:”Beyoncé’s single dubbed anthem for ‘Great Resignation'”,”duration”:”03:41″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/22/new-beyonce-single-break-my-soul-jobs-es-melas-vpx.cnn/index.xml”,”videoId”:”business/2022/06/22/new-beyonce-single-break-my-soul-jobs-es-melas-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220621050316-01-beyonce-break-my-soul-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/22/new-beyonce-single-break-my-soul-jobs-es-melas-vpx.cnn/video/playlists/business-economy/”,”description”:”CNN’s Chloe Melas breaks down why Beyoncé’s latest single may inspire fans to give up their jobs.”,”descriptionText”:”CNN’s Chloe Melas breaks down why Beyoncé’s latest single may inspire fans to give up their jobs.”},{“title”:”Gary Cohn: Fed was late on interest rate hikes”,”duration”:”03:12″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/21/gary-cohn-inflation-recession-federal-reserve-gr-orig.cnn/index.xml”,”videoId”:”business/2022/06/21/gary-cohn-inflation-recession-federal-reserve-gr-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220621132528-gary-cohn-talks-to-matt-egan-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/21/gary-cohn-inflation-recession-federal-reserve-gr-orig.cnn/video/playlists/business-economy/”,”description”:”Former Trump economic adviser tells CNN’s Matt Egan why the Federal Reserve waited too long to hike interest rates and why recession fears are real.”,”descriptionText”:”Former Trump economic adviser tells CNN’s Matt Egan why the Federal Reserve waited too long to hike interest rates and why recession fears are real.”},{“title”:”How raising rates could threaten demand and production”,”duration”:”03:41″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/17/fed-rate-hikes-supply-and-demand-economy-investment-manager-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/06/17/fed-rate-hikes-supply-and-demand-economy-investment-manager-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220617133136-joanne-feeney-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/17/fed-rate-hikes-supply-and-demand-economy-investment-manager-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Low supply is a core source of the inflation problem, says JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management. But raising rates to tackle the issue could pose its own set of problems, she explains.”,”descriptionText”:”Low supply is a core source of the inflation problem, says JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management. But raising rates to tackle the issue could pose its own set of problems, she explains.”},{“title”:”Executives torn on recession risk as fears grow for global economy”,”duration”:”05:48″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/16/marketplace-europe-recession-risks-economy-business-executives-davos-2022-quest-pkg-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/06/16/marketplace-europe-recession-risks-economy-business-executives-davos-2022-quest-pkg-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220616151617-maurice-levy-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/16/marketplace-europe-recession-risks-economy-business-executives-davos-2022-quest-pkg-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Leaders at the World Economic Forum saw an uncertain “dichotomy” at play, as Russia’s war on Ukraine continues to scramble economic growth.”,”descriptionText”:”Leaders at the World Economic Forum saw an uncertain “dichotomy” at play, as Russia’s war on Ukraine continues to scramble economic growth.”},{“title”:”The Fed anticipates more rate increases after announcing biggest hike in 28 years”,”duration”:”02:03″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/15/federal-reserve-interest-rate-hike-egan-sot-newsroom-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/06/15/federal-reserve-interest-rate-hike-egan-sot-newsroom-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220615151340-10-jerome-powell-rate-hike-decision-0615-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/15/federal-reserve-interest-rate-hike-egan-sot-newsroom-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The Federal Reserve has raised interest rates by three-quarters of a percentage point to help tame inflation, and Fed Chairman Jerome Powell says more hikes are likely. CNN’s Matt Egan reports. “,”descriptionText”:”The Federal Reserve has raised interest rates by three-quarters of a percentage point to help tame inflation, and Fed Chairman Jerome Powell says more hikes are likely. CNN’s Matt Egan reports. “},{“title”:”What the interest rate hike means for you”,”duration”:”01:02″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/15/interest-rates-fed-christine-romans-orig-mss.cnn/index.xml”,”videoId”:”business/2022/06/15/interest-rates-fed-christine-romans-orig-mss.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220615133300-hundred-dollar-bill-interest-rates-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/15/interest-rates-fed-christine-romans-orig-mss.cnn/video/playlists/business-economy/”,”description”:”CNN’s Chief Business Correspondent Christine Romans breaks down how higher interest rates will impact your wallet.”,”descriptionText”:”CNN’s Chief Business Correspondent Christine Romans breaks down how higher interest rates will impact your wallet.”},{“title”:”Realtor.com chief economist shares her advice for homebuyers and sellers”,”duration”:”02:07″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/15/markets-now-homebuying-selling-advice-zw-orig.cnn-business/index.xml”,”videoId”:”business/2022/06/15/markets-now-homebuying-selling-advice-zw-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220520163214-us-homes-for-sale-0314-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/15/markets-now-homebuying-selling-advice-zw-orig.cnn-business/video/playlists/business-economy/”,”description”:”Danielle Hale, Chief economist for Realtor.com, breaks down which regions of the country continue to have the most affordable housing despite record level home sales. Hale also shares advice for homebuyers and sellers in the current market.”,”descriptionText”:”Danielle Hale, Chief economist for Realtor.com, breaks down which regions of the country continue to have the most affordable housing despite record level home sales. Hale also shares advice for homebuyers and sellers in the current market.”},{“title”:”He predicted US inflation would rise. Hear what he thinks about a recession”,”duration”:”01:59″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/15/larry-summers-recession-inflation-fed-rate-hike-dlt-vpx-sot.cnn/index.xml”,”videoId”:”business/2022/06/15/larry-summers-recession-inflation-fed-rate-hike-dlt-vpx-sot.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220615013448-larry-summers-june-14-2022-screengrab-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/15/larry-summers-recession-inflation-fed-rate-hike-dlt-vpx-sot.cnn/video/playlists/business-economy/”,”description”:”Former US Treasury Secretary Larry Summers, who faced criticism from the Biden administration in 2021 for saying inflation would rise in the US, predicts that the US will likely see a recession in the next two years because of an “overheated” economy and says he expects interest rates will continue to rise.”,”descriptionText”:”Former US Treasury Secretary Larry Summers, who faced criticism from the Biden administration in 2021 for saying inflation would rise in the US, predicts that the US will likely see a recession in the next two years because of an “overheated” economy and says he expects interest rates will continue to rise.”},{“title”:”Here’s what the US economy can expect if a recession hits “,”duration”:”03:47″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/13/recession-us-economy-inflation-zandi-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/06/13/recession-us-economy-inflation-zandi-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220613151426-mark-zandi-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/13/recession-us-economy-inflation-zandi-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”As more interest rate hikes are expected amid inflation, Moody’s Analytics Chief Economist Mark Zandi predicts how long a recession may last, if it occurs, and how it could impact unemployment. “,”descriptionText”:”As more interest rate hikes are expected amid inflation, Moody’s Analytics Chief Economist Mark Zandi predicts how long a recession may last, if it occurs, and how it could impact unemployment. “},{“title”:”Former labor secretary on how Biden administration can combat inflation”,”duration”:”03:20″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/12/reich-inflation-economy-corporations-biden-administration-acostanr-vpx.cnn/index.xml”,”videoId”:”business/2022/06/12/reich-inflation-economy-corporations-biden-administration-acostanr-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220612173050-robert-reich-newsroom-iso-vpx-large-169.jpg”,”videoUrl”:”/videos/business/2022/06/12/reich-inflation-economy-corporations-biden-administration-acostanr-vpx.cnn/video/playlists/business-economy/”,”description”:”Former labor secretary Robert Reich explains what the Biden administration could do to address rising inflation and soaring energy costs. “,”descriptionText”:”Former labor secretary Robert Reich explains what the Biden administration could do to address rising inflation and soaring energy costs. “},{“title”:”How this mom is using coupons to combat inflation “,”duration”:”03:15″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/06/12/couponing-inflation-mcmorris-santoro-ndwknd-vpx.cnn/index.xml”,”videoId”:”business/2022/06/12/couponing-inflation-mcmorris-santoro-ndwknd-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220612074817-couponing-mcmorris-santoro-pkg-still-large-169.jpeg”,”videoUrl”:”/videos/business/2022/06/12/couponing-inflation-mcmorris-santoro-ndwknd-vpx.cnn/video/playlists/business-economy/”,”description”:”Couponing is on the rise as record-high inflation has led to tightening of household budgets nationwide. CNN’s Evan McMorris-Santoro reports.”,”descriptionText”:”Couponing is on the rise as record-high inflation has led to tightening of household budgets nationwide. CNN’s Evan McMorris-Santoro reports.”}],’js-video_headline-featured-f9kwrw’,”,”js-video_source-featured-f9kwrw”,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length

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