on the debt ceiling. this is all about the amount of money the us government is allowed to borrow which has a self imposed limit, a ceiling. without a raise, this would leave the us unable to pay its bills. on tuesday, president biden met with top lawmakers in washington, who are currently blocking raising that ceiling but they came away without a breakthrough. nomia iqbal was there. both sides came out of the meeting which lasted more than an hour, announcing there was no deal. both showing they are entrenched in their positions. the republican speaker of the house, kevin mccarthy, attacked president biden for not negotiating. his opponents came out a short while either later saying republicans refused to take default off that table and mrjeffries called the publicly party as a party of magyar extremists. they have two weeks otherwise the us will default to not pay their bills and it would lead to economic ruin, leading to stock markets plummeting and millions ofjobs are p
manhattan courthouse. that s where a grand jury could soon decide to charge trump for his alleged role in hush money payments to adult film star stormy daniels. trump over the weekend saying he expects to be arrested tomorrow and calling on his supporters to protest and, quote, take our nation back. his personal attorney telling cnn if trump is arrested to expect, quote, mayhem. if they choose to do so for a misdemeanor which frankly he didn t even do, it is going to cause mayhem, paula. i mean it s just a very scary time in our country. if this is what we re doing in this country you better secure the premises because it s dangerous. people will get upset. one of several legal problems he s facing. a second trump investigation, the one in fulton county, georgia, a source telling cnn that prosecutors are thinking about bringing racketeering and conspiracy charges over his effort to overturn the 2020 election in that state. we have move on that in a moment. first let s sta
giant has revealed results for the first quarter of this year. the last quarter before it had to be rescued by its swiss rival andy illustrate the scale of the crisis which was around the corner. betweenjanuary and march, credit suisse made a pre tax loss of nearly one and a half billion dollars and to add to its woes, a massive amount of deposits were withdrawn in that three month period. total output was nearly $69 billion and to remind you what happened next, there were fresh doubts about the stability of the wider banking industry, just a few weeks ago investors became increasingly fearful for the future of credit suisse, it was eventually bought by the swiss rival in what was described as an emergency rescue. the $3 billion price tag a mere fraction of what the bank would have been previously valued. this crop looked cross live to the head of investment at interactive investment. for being with us. what s interesting is that we also heard from credit suisse today that wi
quarter of this year the bank s last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it was eventually bought by its swiss rival, ubs, in what was described as an emergency rescue. the $3 billion price tag was a mere fraction of what the bank would have previously been valued. let s get more now from russ mould, investment director at aj bell. worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are st
show no signs of ending. the violence has been happening for more than a week now, worsening the country s already desperate humanitarian crisis. we have pictures of a spanish personnel and citizens being evacuated overnight. other countries have also moved their diplomatic staff to safety but foreign civilians have been reporting difficulties trying to leave the country. some have been travelling by road in convoys heading to the red sea, as well as north to the border with egypt. it has been very difficult to reach people because of the internet is down and that means people cannot get the information they need from their embassies, they can t find out how safe are certain roads are, so it is a very difficult and tricky situation and that has made a lot of the people i speak to quite anxious. one man in the city, the twin city across the nile from khartoum, was speaking to me while there was heavy gunfire right outside his door on his street. he had visited the country with