reach a deal on the country s debt ceiling, with the us house speaker kevin mccarthy saying on wednesday that negotiators remain far apart. our north america business correspondent michelle fleury has the latest from new york. there is a roughly one in clutch make chance that the us will hit the so called x date, when the us government runs out of money to pay its bills, before the dental ministries. that is according toj.p. morgan chase. they say the other any worse. debt limit raises. kevin mccarthy said he thought progress could be made but warned the two sides remain far apart. but warned the two sides remain farapart. her pub but warned the two sides remain far apart. her pub concert amending that any deal must cut future federal spending in exchange for raising the debt ceiling, a redline for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of agreement. and even if a deal is done in time, economists say
scott, they ve got but can either of them take down donald trump? i m simone sanders townsend, and i have something to say. do you hear that? it is the sound of a clock ticking, and with each passing second, your financial future is more at risk. after hitting pause on the debt ceiling negotiations for hours, negotiators for the white house and congressional republican negotiators patrick mchenry and darren gray s continued talks last night, but left without progress. we are reporting they are not expected to meet today. republican negotiators are demanding the white house cave in to some of the drastic spending cuts. now, president biden is currently in hiroshima for the g7 conference, and is returning tomorrow. he says the risk of default is too serious. after last night s meeting, congress members graves and mchenry, they expressed skepticism as to whether a deal could be reached by june 1st. take a listen. this was a negotiation tonight. this was a candid discussion a
is the director general of the wto, ngozi okonjo iweala. will rising geopolitical tensions lead to the weaponisation of trade? ngozi okonjo iweala, welcome to hardtalk. thank you, stephen. now, you are one of the world s key advocates of ever freer trade, more globalisation. what s it like to be doing yourjob when the political tide across the world is running against you? the wto s purpose, the world trade organization, is. its purpose is to enhance living standards, to help create employment and to support sustainable development. there could be nothing more worthy than that. so, it s supposed to deliver for people. and that s what i want people to know about it, therefore. nobody could quarrel with those objectives and that sentiment, but the truth is you are a membership organisation with 160 plus members. you have clearly key members like the united states and china, and you can only work if there is an element of trust, of co operation, of a desire for common objectives
well, my guest today is the director general of the wto, ngozi okonjo iweala. will rising geopolitical tensions lead to the weaponisation of trade? ngozi okonjo iweala, welcome to hardtalk. thank you, stephen. now, you are one of the world s key advocates of ever freer trade, more globalisation. what s it like to be doing your job when the political tide across the world is running against you? the wto s purpose, the world trade organization, is. its purpose is to enhance living standards, to help create employment and to support sustainable development. there could be nothing more worthy than that. so, it s supposed to deliver for people. and that s what i want people to know about it, therefore. nobody could quarrel with those objectives and that sentiment, but the truth is you are a membership organisation with 160 plus members. you have clearly key members like the united states and china, and you can only work if there is an element of trust, of co operation, of a desire
in brussels in return for a reduced prison sentence. both qatar and morocco deny claims they bribed officials to win influence in parliament. good morning, sally will be with you at the top of the hour but now, hardtalk. welcome to hardtalk from geneva. i m stephen sackur. this place is home to the world trade organization, the institution whose purpose is to maximise free and fair international trade on the assumption that globalisation is good. so what happens when many governments and people around the world question that premise? well, my guest today is the director general of the wto, ngozi okonjo iweala. will rising geopolitical tensions lead to the weaponisation of trade? ngozi okonjo iweala, welcome to hardtalk. thank you, stephen. now, you are one of the world s key advocates of ever freer trade, more globalisation. what s it like to be doing your job when the political tide across the world is running against you? the wto s purpose, the world trade organization, is.