room for compromise yet on an issue that impacts the global economy. us treasury secretary janet yellen says the us could run out of cash byjune 1st, prompting president biden to call a meeting with the top leaders in congress next week. in a letter to the leaders today, yellen warned: speaker mccarthy responded to yellen in a statement, saying: the republican controlled house passed a debt ceiling bill last week that includes steep spending cuts. senate democratic majority leader chuck schumer announced a process to pass a clean bill with no cuts just hours ago. meanwhile, a little relief in the banking sector. wall street giantjp morgan chase took over the troubled first republic bank in a $10.6 billion deal brokered by regulators. they seized first republic early on monday, after efforts to rescue the bank fell through over the weekend. the failure of the bank is the second largest in us history, and the third in the country since march. samira hussain has more. as of mond
announcing a tentative agreement to avert a nationwide freight rail strike. a shutdown that could have had catastrophic consequences for the economy. talks involving the unions, rail companies and labor secretary marty walsh went on for 20 hours. we re told that president biden, who calls himself the most pro-union president ever was instrumental in getting over the finish line. last night was a historic night for rail labor. we re proud of what was accomplished. we wanted to take a few seconds and thank secretary marty walsh, deputy secretary julie sue and definitely president joe biden, everybody pulling together to make sure we could get our members what they deserve. this is the quality of life issue that we have been trying to get to our members. so we re going to hit the ground running. we ll have more information here in the coming hours. some tired looking leaders emerging as the sun was arising there. jeremy diamond is at the white house. what do we know abou
Hostages are released. Israeli forces went into rafah on monday night in defiance of international pressure, seizing the Border Crossing with egypt. The un secretary general, antonio guterres, has warned that a full scale assault on rafah would cause a humanitarian nightmare. Qatar has called for International Intervention to prevent the city from being invaded. Our middle east correspondent, yolande knell, is injerusalem. We know that for weeks now the us has been warning israel against a full scale offensive of rafah. This really because of the high numbers of displaced people who are living in that city, crammed up next to the border with egypt. And the us had been talking to israel about more limited options for going in there to tackle the hamas presence. Now, this does look to be a really significant development, the idea that a us shipment has been halted to israel. Its the first time weve heard of such a thing in seven months of war. And it really does reflect, i think, the lev
Mr trump, is this true . Did you sleep with stormy . Today in court, he had to watch a woman who claims she had sex with him openly testify about it. Stormy daniels was paid 130,000 by mr trump to stop her going public with claims of a sexual encounter shortly before the 2016 president ial election. Just outside the court room, he insisted he shouldnt be on trial at all. And the trial is a very unfair trial. Its a very, very unfair trial. The good news is they have nothing. Thank you. The court was shown this photograph of mr trump with Stormy Daniels, as she described first meeting him at a Golf Tournament in 2006, the day she says they later had sex. It was at this golf course, she says, that donald trump sent his bodyguard to invite her to dinner. When she got to his hotel suite, she laughed at him for wearing black silk pyjamas while he dangled the possibility of her appearing on his tv show, the apprentice. When she asked about his wife, melania, he told her they slept in separate
The socalled hush money payments. I call them a Legal Expense. A Legal Expense. Norah the Cbs Evening News now. Good evening. Im norah odonnell, and thank you for being with us. We want to begin tonight with those fireworks inside a manhattan courtroom. After a day he was dreading, donald trump left his criminal trial defiant this afternoon after nearly four hours of testimony by Stormy Daniels. Daniels testified under oath about an alleged sexual encounter she had with trump back in 2006, and at times it was graphic. Trump denies any such encounter took place and his legal team aimed to paint the porn star as a greedy liar today. But it is the alleged coverup of the 130,000 hush money payment to daniels just days ahead of the 2016 election that is at the heart of this case. Prosecutors claim that trump falsified his companys Business Records to hide the payment by recording it as a Legal Expense to his former personal attorney and fixer michael cohen. And let me tell you, it is not ov