- [announcer] do you have an invention idea but don t know what to do next? call invent help today. they can help you get started with your idea. call now 800-710-0020. you are in the cnn newsroom. i m paula reed in washington. jim acosta has the day off. it is 5:00 p.m. at the white house, and we are now one hour closer to the nation potentially defaulting on its debt. that would be unprecedented and potentially catastrophic for the global economy. now, despite a deadline as close as 12 days away, the high-stakes negotiations between the white house and congressional republicans have broken down, and it s not clear when they might resume. a u.s. debt default would affect economies around the world, so the concerns have loomed over the g7 summit in hiroshima, japan. the president, however, says he s not concerned at all. it goes in stages, and what happens is the first meetings weren t all that progressive. the second ones were. third one was. and then what happens is t
representation of the rhythm of the last several days in terms of the meetings. what he did not include was the part between the bad meetings and that resolution. that s the really important part. there has not been a meeting with white house negotiators and the republican counter parts today. doesn t look like there is going to be a meeting as all. what you have seen throughout the course of this summit is that the president has had to balance these things. he s gotten briefed every morning and evening, has attempted to fig your out a path ware forward here. what s also interesting is he s had to address this with other advisers. i asked jake sullivan what he was hearing, and this is what he said. it is definitely a subject of interest here at the g7. countries want to have a sense of how these negotiations will play out , and the president expressed confidence that we can avoid default. part of the reason that he s