washington, where the us debt ceiling fight is heating up, with both sides showing no room for compromise yet on an issue that impacts the global economy. us treasury secretary janet yellen has issued a letter to congressional leaders, warning the us could run out of cash byjune 1st. that s prompted president biden to call a meeting with the top leaders in congress next week seen here. in the letter, yellen warned: speaker mccarthy responded to yellen in a statement, saying: the republican controlled house passed a debt ceiling bill last week that includes steep spending cuts. senate democratic majority leader chuck schumer announced a process to pass a clean bill with no cuts just hours ago. meanwhile, a little relief in the banking sector. wall street giantjp morgan chase took over the troubled first republic bank in a 10 point 6 billion dollar deal brokered by regulators. hey seized first republic early on monday, after efforts to rescue the bank fell through over the we
room for compromise yet on an issue that impacts the global economy. us treasury secretary janet yellen says the us could run out of cash byjune 1st, prompting president biden to call a meeting with the top leaders in congress next week. in a letter to the leaders today, yellen warned: speaker mccarthy responded to yellen in a statement, saying: the republican controlled house passed a debt ceiling bill last week that includes steep spending cuts. senate democratic majority leader chuck schumer announced a process to pass a clean bill with no cuts just hours ago. meanwhile, a little relief in the banking sector. wall street giantjp morgan chase took over the troubled first republic bank in a $10.6 billion deal brokered by regulators. they seized first republic early on monday, after efforts to rescue the bank fell through over the weekend. the failure of the bank is the second largest in us history, and the third in the country since march. samira hussain has more. as of mond
move if the fighting worsens. that is a sharp increase in the estimated numbers of people who could be on the move in the near future. could be on the move in the nearfuture. meanwhile, the near future. meanwhile, the international community nearfuture. meanwhile, the international community is trying to mobilize its relief efforts. we have seen aid arriving in the form of medical equipment, supplied by the red cross, into port sudan, and the un humanitarian envoy, martin griffiths, is now in the region. he was in nairobi during the course of the day. he is trying to organise and co ordinate a relief effort to get aid, which is going to start to arrive in places like port sudan, to where it is badly needed. that means primarily to khartoum. in order for that to happen successfully, there does need to be a proper cessation of hostilities, and we are still not seeing ceasefires holding properly. a lot of shelling and gunfire in khartoum, parts of the city have had significant
blackouts, while other parts seem to still be ok. the un and the international community as a whole need the warring parties to allow this aid in, food, medicalsupplies, water, food, medical supplies, water, if it s food, medicalsupplies, water, if it s to avert this looming humanitarian disaster. turning to the war in ukraine, the white house estimates that more than 20,000 russian troops, half of them wagner mercenaries, have been killed in the battle for bakhmut in eastern ukraine over the past five months. national security council spokesmanjohn kirby said another 80,000 russians were wounded in attempt to make significant gains in the donbas region. mr kirby did not disclose details on how the us calculated those numbers and did not provide information on ukrainian casualties in bakhmut. the bbc has been unable to independently verify these figures. the battle for this small city has become a focal point for both sides over the last ten months. these reports come as ukraine recove
the evacuation of foreign nationals from sudan does continue, largely now form port sudan, where people are able to lead by ship to push the red sea, and also by plane. britain now says it has evacuated more than 400 people altogether. but form from all sudanese people are on the move. the un estimates 50,000 have crossed sudan s borders into egypt, chad, south sudan and ethiopian, and as many as 75,000 people are thought to be internally displaced, fleeing the fighting in khartoum and in darfur, to places where they feel more safe. the un is warning it could get a whole lot worse, with the head of the unhcr saying today as many as 800,000 people could be on the