with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don t cut enough, they won t win over republicans, but
they ve started handing over control of the eastern city to moscow s army. the battle for bakhmut has been the longest and bloodiest of the war. this aerialfootage taken earlier this month shows intense shelling in a residential area. most people fled before fighting broke out. bakhmut is of little strategic value, but its capture would be a symbolic victory for russia. meanwhile, the ukrainian president volodymr zelensky made a surprise commencement speech for graduates atjohns hopkins university in the us. i m proud that ukraine is not losing a single day in its defence against russian terror. every day, we do everything to become stronger, to give more protection to people, to save more lives. the united states is also not lost a single day to help ukraine repel the russian aggression. the battle for bakhmut began last august. ukraine says its forces still control part of it. our bbc verify team has been looking at images that show the extent of the destruction there durin
the mood in washington. with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don t cut enough, they won t wi