routine training exercise. the helicopters involved were hh60 blackhawks. they can transport a dozen people at a time. fort campbell is the army s only aerial assault division. number of casualties is not known but there are several. we expect to learn more when they address the media under 60 minutes. a big area in southern kentucky goes up along with border with tennessee. the 101st airborne division sent out a tweet minutes ago. this is the latest we have. we can confirm two aircraft from the 101st were involved in an accident last night resulting in several casualties. the focus is on the soldiers and their families who were involved. that s the latest as of this moment. knowing it happened on 10:00 last night. those families are bill: the bulk of that information will come out in the news conference and hold our breath and say our prayers along with u.s. army families involved there and have a connection to that base. stand by. another breaking news story now. am
that cia director william burns made a secret trip to ukraine to brief president volodymyr zelenskyy and share u.s. intelligence on russia s next moves in the war. actor and producer alec baldwin now faces criminal charges in the fatal shooting of a crew member on the set of the film rust. our legal experts are weighing the evidence and whether the involuntary manslaughter charges will stick. welcome to our viewers here in the united states and around the world. i m wolf blitzer and you re in the situation room. we begin with the partisan showdown over raising the debt ceiling and fears of an unprecedented default by the united states. our chief congressional correspondent manu raju explains where this critical fight stands tonight. reporter: tonight congress and the white house engaged in a risky standoff as the u.s. reaches its $31.4 trillion borrowing limit. the white house and congressional democrats say no negotiations to raise the debt ceiling and no conditions
month period go from 0 to 5%, what a shock to companies. it will continue to reverberate. that added to the fact that the democrats kept spending $5 trillion if borrowing in two years, that s why we had 40-year high inflation. the debt impact will continue. there is a trillion dollars going to mature on corporate balance sheets this year and those companies were paying something like 4%. now pay 8 and 9%. some of those companies won t be able to do it and we ll see bankruptcies this year. jacque: i feel like build back better was going nowhere until manchin said we can do the bill inflation reduction act. if you don t get permitting reform at the front end you won t get it on the back end. a great point you raise and why some people are saying maybe this op-ed is about re-election and maybe he is trying to convince his constituents that no, i m all in on fossil.
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the white house before he considers that approach and some commitment to fiscal restraint. manu raju, up on capitol hill thank you very much. the jitters showing on wall street. the dow jones industrials were down more than 250 points at the closing bell today. investors wary about a possible recession and new interest rate hikes as well as the debt drama. cnn business correspondent rahel solomon is joining us right now. rahel, how could this fight over the debt impact the government and economy? wolf, the reality is it would impact all of us in one way or another. current u.s. debt is considered virtually risk free. suddenly if investors start to feel like maybe the government can t be trusted to make its obligations to pay its debt, you re likely going to see its rating or the rate on interest rates for government det go up, and that will have all sorts of impacts, wolf, for consumer loans wrg anything with a