programme. there will no be default. those were the words of president biden on thursday as he hailed what he called productive talks with his political rivals as the clock ticks on the country s finances. he is trying to avoid hitting the debt ceiling. the us government is set to hit its borrowing limit of $31.4 trillion next week, raising fears it could run out of money to pay its bills without a deal to increase the debt ceiling. from new york, michelle fleury reports. with just one week left until treasury officials say the us will run out of cash to pay its bills, the mood music from washington was upbeat that a deal can be done to avoid default. i want to be clear that the negotiations we re having with speaker mccarthy is about the outlines of what the budget will look like not about default. it s about competing visions for america. nothing will be resolved till we solve them all. we know where our differences lie. we worked well past midnight last night, we r
11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic bank plunged, as investors worry that it could be the next to fail. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. and that has been putting a ton of pressure on smaller regional banks. now, depositors at first republic have withdrawn billions of dollars. the regional banks share prices has been cut in half. now, the biggest of the american banks have stepped in, led by the likes ofjp morgan and citigroup. 11 companies have agreed to make $30 billion of uninsured deposits in first republic. now, they have done this in the hope it will be enough to shore up confidence and notjust in first republic, but in the entire banking system. the troubles of those american lenders have fuelled concerns about the value of bonds held by banks, as rising in
In the late 90s. Its a whole smatters of tech joy companies from not just france but throughout. I should also mention that elon milk has just been added to the program. Were going to be laering from elon musk. And also moe di tomorrow. Many have said they dont understand it. They cant see inside the box. This new research theyve developed can see inside the box to understand what ai is doing. They can look at the difference. Up until now thats been impossible. Thals what im doing in paris, and weve got a lot more throughout the day. Just in terms of seeing what it does, how will they do it . The imaginations they can cook up, can they track it down . Thats exactly what this research seems to suggest that theyre going to be able to do. That they ee going to be able to understand hall like i. It may explain why one model writes one sentence and another writes another sentence and whats driving the different understandings of the nils that its taking in. Well talk to dario about it in ju
David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . After 16 years as the ceo of ge, you have stepped down. Is a big burden off your shoulders now . Jeffrey i do think if you are doing the job well, you feel ownership and you wear that 24 hours a day, seven days a week. Look, 16 years is a long time, i am starting to feel a little bit of decompression. David do you think it is too long to run a publicly traded company . Jeffrey i think there is a right time and wrong time in terms of doing it. A company of our size, you have to do it long enough to make a difference, shape strategy. At the same time, it is good to get a new set of eyes on these things. As things change, you develop habits. Are you listening as closely as you need to . I think personally, 16 years is
All right. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . After 16 years as the ceo of ge, you have stepped down. Is a big burden off your shoulders now . Jeffrey i do think if you are doing the job well, you feel ownership and you wear that 24 hours a day, seven days a week. Look, 16 years is a long time, i am starting to feel a little bit of decompression. David do you think it is too long to run a publicly traded company . Jeffrey i think there is a right time and wrong time in terms of doing it. A company of our size, you have to do it long enough to make a difference, shape strategy. At the same time, it is good to get a new set of eyes on these things. As things change, you develop habits. Are you listening as closely as you need to . I think personall