care costs, payments for aging population and insufficient tax revenues. debating tax hikes and reforms to popular programs like medical care and social security is not what is happening in washington. that seems to be a nonstarter. it will take serious hard bipartisan work to prevent the national debt from choking in the country in the decades ahead. debt ceiling brinksmanship is anything but that. looking at markets, you can see asian shares closed hire. europe has opened higher and wall street stock index futures, also leaning up here. after gains on wall street yesterday, the news of negotiations under way to raise that debt ceiling inspiring confidence around the world here. treasury secretary janet yellen and bank ceos meet today. two year treasury yield rose to 1.5%. and bank stocks yesterday popped after western alliance says deposits grew by more than $2 billion from the end of march to
so thank you again for having me here today and we look forward to the next several days . and was going to see if the president was going to take any questions. but a pretty tightly choreographed walk down the hallway. so now they will close the doors and have a meeting together. what do you think will be the president s top priorities in the summit, kevin? reporter: yeah, i think he does want to emerge with consensus about the china issue. i think because we are in asia, because the concerns that have grown even since the last time that this summit convened, that will be sort of the president s primary goal. the leaders are expected to talk
and some concern that the united states and china are headed on a downward spiral that only recently the u.s. has been trying to see if they can get reversed. and finally and i think most interestingly is that there is going to be discuss of generative artificial intelligence, something that has never been discussed before among the leaders of this group. something that people describe as a new industrial revolution, what it will mean for jobs and economies around the world. the white house is making it clear that the president can send the message of unity with allies in asia and he can also at home be negotiating the debt ceiling. how is that hanging over this event? i think the part that hangs over it here is the opposite of what you are hearing and criticism of the president for being away. his crip down to papua new guinea was going to be the first
done things that made it it looked like it was intimidated about i china. the reason the chinese were very aggressive before the trip because they thought they had biden on the run. will: what happened last couple weeks, sent a message the biden administration may be intimidated by china? ned price, state department spokesman walked back good comments the state department made on taiwan after china got a public his sy fate. it made it look like china was determining what u.s. policy would be, telling us what taiwan policy would be. that was clearly unacceptable. so that created a very bad impression among people. i think biden going to asia is sort of like a repair trip after the chaotic withdrawal from afghanistan. fail turf deterrents in ukraine. allies in asia were pretty nervous about american leadership. they were saying are you the united states anymore? so that is the reason why biden had to go there. will: south korea, japan, our
vaccinated. inaudible. i am afraid we vaccinated. inaudible. i am afraid we are vaccinated. inaudible. i am afraid we are having vaccinated. inaudible. i am afraid we are having a - vaccinated. inaudible. i am afraid we are having a real - afraid we are having a real problems hearing you, the sound of breaking up quite badly, we are getting every other word, so i am afraid we have to leave thank you very much for speaking to us, and it is a point many others have made as well about the vaccine inequality and the need to tackle that, so thank you for sharing your thoughts with us on bbc news. stay with us on bbc news. still to come: the bbc gets rare access on board an american aircraft carrier as itjoins with allies in asia, while politicians focus on china s intentions towards taiwan.