demand cuts to social spending before they will agree to raise borrowing limit. us president joe biden has repeatedly said he would not send conditions that lawmakers must raise a death limit because failure to do so would result in an economic catastrophe. some of the possible outcomes are job losses, those that depend on social security benefits will get won t get paid, and the most dire of outcomes would be the loss of confidence in america s ability to pay the interest on its debt. the stakes are high. while the two sides seem far apart, traders on wall street are finding some comfort in the two sides coming together to at least try and negotiate a deal. samira hussain there. that is another meeting that will be taking place that we will be taking place that we will be taking an eye on. in the next hour or so, we ll hear the latest from the office for national statistics about the ukjobs market. that will include information
hire an extra person, why do business groups have said it is one of a number of other burdens which are coming at the worst possible time. you are talking about businesses struggling with labour shortages, demanding higher wages. this will be one additional thing. the cbi says it comes after a crippling 18 months and we would urge the government to explore all alternative funding options before the tax on ukjobs. we are emerging from the biggest economic downturn in living memory, in 300 years. putting this extra burden alongside a few years where we have seen their living wage, the national minimum wage rise, many businesses, particularly small ones but may struggle with another additional cost and that may be a disincentive for them to hire at a time when they are finding it very hard to find new workers stop.
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