Remember thatjust like most americans who have credit records when they want to borrow money and find out how much debt they can take on, the Us Government also gets a credit rating. When it gets downgraded like this, the potential long term effect as it could push up the cost for the Us Government of borrowing money, and in turn that might long run push up taxes, it could mean less spending by the government and could mean fewer government and could mean fewer government programmes in the future. We are not there yet, but that is the underlying fear. If you look at what they are trying to address here in this downgrade, or one of the concerns they cite, it is a problem that exists both in the past but also in the future, and that is rising Us Government debt. At the moment Us Government debt stands at in excess of 30 trillion and it is expected to exceed the total size of the us economy at some point. With that in mind, with this problem in sight, and with the political disunity we ha
our main story that is dominating through the course of today. nato meeting going on in the g7 members ratified a wide ranging security pact with ukraine and that is a significant development. we have heard a variety of parties in the main leaders and news conferences, we are waiting forjoe biden and let us show you live pictures of the university because joe us show you live pictures of the university becausejoe biden is expected to appear there in the next few minutes in those pictures and introductory remarks are being made we are expecting his final news conference at the summit today and so, both of those are expected in the university for support. but we will do is we will leave those pictures there on the screen to you as we move on in terms of what we take you through in the next couple of minutes but you will not miss a minute there ofjoe biden just as soon as he starts to speak. our europe editor has been catching up with nato s secretary general as result of that n
Theres increased security in with whats being called anti terror measures. The m4 which links the russian capital with cities in south, such as rostov, is closed because of a military convey that is moving along it. The kremlin has called for prigozhin s arrest with top russian generals telling wagner forces to stand down and the russian president Vladimir Putin has given a tv address and said russia is facing a betrayal. Heres mr putins Television Address to the russian nation. Translation any actions that split us are a betrayal of your people, a betrayal of the comrades that are fighting on the front line, a knife in the back of our people. This struck russia in 1917, when russia was waging the first world war, victory was stolen from us. Politicking behind the back of the army and the people turned into huge upheaval, the destruction of the army and the state. The loss of huge territories. As a result, it was tragedy, russian killing russians, civil war. And benefit was derived by
president volodymyr zelenskyy taking his fight for membership directly to the summit and calling the uncertain timeline for ukraine s entry absurd. also, a grand jury just selected in georgia to consider potential indictments against donald trump and others. the investigation of 2020 leaf interference heating up as the donald trump legal team seeks to delay the former president s trial in the federal classified documents case. cnn on the scene of catastrophic flooding in the capital of vermont. the governor there warning the crisis is far from over amid fears a dam could bust after record rainfall. welcome to our viewers in the united states and around the world. wolf blitzer is on assignment. i m john king and you re in the situation room. we begin with the nato summit and the growing pressure being placed on the alliance by the president of ukraine. volodymyr zelenskyy sounding increase leg frustrated by the lack of a clear path for nato membership and arguing his
miguel joins us live this hour to discuss what this means for higher learning in america. and breaking news out of moscow. cnn has new reporting on the top russian general who appears to be missing after the mutiny. documents indicating he was a secret vip member of the wagner mercenary group behind the rebellion. and the former school deputy who failed to confront the park l parkland shooter is found not guilty. welcome to our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. let s get right to our top story. the united states supreme court ruling that united states supreme court ruling gutting affirmative action in college admissions. the concern with majority upended precedent and prompting a fiery dissent by liberal justices on the court. cnn s senior supreme court analyst is joining us right now. joan, how did the conservative majority reach this decision and what are the real world impacts of it? well i ll tell