obligations. it has until the first ofjune to sign an agreement or the us could face an economic catastrophe. in just over two weeks the united states could run out of money to pay its debts. the consequences of breaching the debt limit would be catastrophic for the country. and there is pressure on democrats and republicans to make a deal before june first. us presidentjoe biden spoke about the debt ceiling negotiations before leaving for the g7 summit injapan, a trip he is cutting short to get back to washington to continue the talk. i made clear that america is not a deadbeat nation, we pay our bills. the nation has never defaulted on its debt and it never will. we re going to continue these discussions with congressional leaders in the coming days until we reach an agreement. president biden and congressional leaders have agreed the country will not default but the consequences would be dire for the american economy and all sides are confident that they will be able to ge
economists say there s no hints in the newest unemployment report that another recession is starting. 103,000 jobs were added to pay rolls last month. that s a stronger than expected increase. july and august figures were also revised upward as well as to show an additional gain of 99,000 jobs over the summer. the overall unemployment rate held steady at our white house correspondent dan loathian. what is the white house saying about all the numbers heading into a senate fight over the jobs bill? reporter: wolf, top aides here at the white house say that unemployment rate of 9.1% is still unacceptably high. they re encouraged by growth in the private sector. but white house spokesman jay carney said it s far from good enough. they believe that the president s jobs bill is one way to get americans back to work. and that s why you ve seen the president campaigning across the country and again this week holding a news conference here at the white house putting pressure on la