and congressional republicans met again on capitol hill. the two sides have untiljune 1st, just over a weeks time, to come to an agreement on raising the govenrment s borrowing limit, or risk the us not being able to pay its bills. some analysts have warned a default could lead to huge job losses here in the us, a plunge on the stock markets, and even a global recession. in fact, stocks on wall street finished sharply lower at the close of trading on tuesday. despite this, optimism among leaders remains. white house press secretary karinejean pierre says a deal both sides can be pleased with is possible. negotiations are very hard, very difficult, both sides have to understand they won t get everything they want. we are trying to get a budget that is reasonable and bipartisan. that democrats and republicans in the house and senate will be able to vote on and agree on. this is the process, that s why we are moving in this way, to make sure it is bipartisan, but also reasonabl
respect to covid and with respect to a variety of bills that they feel has fuelled insulation, so they don t want to keep spending at those levels, even at current levels. that said, both sides say they are committed and they understand the gravity of the situation, knowing the us could potentially default on its obligations, not be able to pay its bills as soon asjune the 1st. so they continue to keep that deadline in mind as they try to work towards an agreement. try to work towards an aareement. . , ., ., agreement. that s our final question. agreement. that s our final question, even agreement. that s our final question, even if agreement. that s our final question, even if they - agreement. that s our final | question, even if they reach agreement. that s our final - question, even if they reach an agreement, it would have to get through both chambers, so how concerned are republicans and democrats about the real possibility of a defaultjust days away? possibility of a de