both men said talks were productive and repeated their stance that a default is off the table. to avoid that, though, they ll have to work out an agreement within the next ten days. my college michelle fleury explains. even before president biden met with house speaker kevin mccarthy, negotiators were once again around the table, trying to strike a deal to avoid a default. now, sources say the white house is now offering to keep spending flat from this year to next, while republicans they say they want to increase defence spending while cutting everything else by up to 22%. treasury secretary janet yellen confirmed over the weekend that june 1st is the hard deadline, when the government can no longer pay its bills. and the deadline for a deal may actually be sooner in order for it to pass the house and senate in time. and there s another worry even if they do get a deal done in time, will rank and file members of both parties go for it? the impact of defaulting would
both men said talks were productive and repeated their stance that a default is off the table. to avoid that, though, they ll have to work out an agreement within the next ten days. my college michelle fleury explains. even before president biden met with house speaker kevin mccarthy, negotiators were once again around the table, trying to strike a deal to avoid a default. now, sources say the white house is now offering to keep spending flat from this year to next, while republicans they say they want to increase defence spending while cutting everything else by up to 22%. treasury secretary janet yellen confirmed over the weekend that june 1st is the hard deadline, when the government can no longer pay its bills. and the deadline for a deal may actually be sooner in order for it to pass the house and senate in time. and there s another worry even if they do get a deal done in time, will rank and file members of both parties go for it? the impact of defaulting would be felt by
all around the world. hugely disruptive it it happens. i5 all around the world. hugely disruptive it it happens. is it generally disruptive it it happens. is it generally accepted - disruptive it it happens. is it generally accepted this is pretty much about politics and the deal will be done, is that factored in? h0 the deal will be done, is that factored in? the deal will be done, is that factored in? no question about it. if ou factored in? no question about it- if you see factored in? no question about it. if you see the factored in? no question about it. if you see the movement. factored in? no question about it. if you see the movement of| it. if you see the movement of markets, there have been a few marginaljitters, but nothing notable, really, and the expectation that this is, like so many other times, the boy crying wolf, and in the end deal will be done. markets have a very poor track record of pricing in a very high impact and low probability event. but we really don
drivers and, of course, onto our customers. the port isn t currently considering putting limits on passenger numbers insisting everybody here is pulling together to keep things moving. this weekend will be another test ahead of the big summer season. katy austin, bbc news. the european trade union confederation is meeting in berlin to discuss the best way to improve fair pay and working conditions for its members. there has been an increase in strike action across europe as workers are under increasing pressure due to the cost of living crisis. protecting workers rights from other areas such as the growth of ai are all issues which will be under the spotlight as the etuc meets. esther lynch, the general secretary of the eutc, joins me from berlin now. welcome to you, thank you for being with us. take us through the main issues you are dealing with at the congress. with at the congress. good morning- with at the congress. good morning. we with at the congress. good morning. we a
live from london, this is bbc news ten days left before default, talks to lift the us debt ceiling continue with no deal yet in sight. italian prime minister giorgia meloni pledging to support the recovery of flood hit areas of northern italy. and you ve heard about sd printing but printing a whole school? well, that s what s happening in ukraine, and i ll be talking to the man who s doing it. hello and a very warm welcome. no signs of a debt ceiling deal in washingtonjust yet. this is after us presidentjoe biden met with top republican kevin mccarthy earlier today.