stories and we started in the us. congressional leaders are due to meet with president biden for emergency talks on how to deal with the debt ceiling. reports are coming in the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington get here? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe, so what is happening here? major consequences for the economy. the us could default on the economy. the us could default on the dead in a metabolic. weeks on the dead in a metabolic. weeks to on the dead in a metabolic. weeks to go before the federal government weeks to go before the federal government is weeks to go before the federal government is unable - weeks to go before the fed
a default could have on us and global economies. so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis. itjust happens to hinge on a must pass piece of legislation to save the nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spend more money that it brings in. so it needs to borrow money to pay its bills. it can only borrow a certain amount of money. and if it needs to borrow more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the white
biden has asked for the ceiling to be raised with no strings attached, something the republicans, of course, have been unwilling to budge on and time is ticking. secretary allen has estimated the government good run out of money to pay its bills by as soon as next month. take a listen. is soon as next month. take a listen. , ., , , soon as next month. take a listen. , ., ,, .,, soon as next month. take a listen. , ., ,, , listen. is congress was my “ob to do this. listen. is congress was my “ob to do this. if d listen. is congress was my “ob to do this. if they i listen. is congress was my “ob to do this. if they faili listen. is congress was my “ob to do this. if they fail to i listen. is congress was my job to do this. if they fail to do . to do this. if they fail to do it will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and us treasury could take to prevent that catastrophe.- take to prev
the pressure on leaders manchester city. world champion max verstappen charges through the field after starting ninth on the grid to win the miami grand prix. and the dominance of carlos alcaraz continues, as he defends his madrid open title. you re very welcome along to the programme. let s with arsenal, who have start kept their premier league title race alive after they beat newcastle 2 0, and with it, closed within a point of leaders manchester city. martin odegaard scored in the first half, and a fabian schar own goal wrapped up the victory. city have a game in hand on top of their one point cushion, as the gunners continue to fight for a first league title in 19 years. newcastle s defeat stalls their charge towards champions league football next season, as their lead over fifth placed liverpool remains three points. you have to continue. we ve done it for ten months, we have to keep digging in every single day. the demands are incredibly high, we know that. but we are d
in community events. the big help out is urging people to take on volunteering roles and members of the royal family have been dropping in on some of the projects. charlotte gallagher reports. after the glitz and glamour of the coronation concert, today s celebrations come down to earth. scouts and their volunteer leaders are just some of the thousands of people taking part in the big help out. and a famous face is getting involved too. it makes us all a better person when we get involved. we extend our network and meet new people and develop new friendships. we feel like we are doing something positive. and i love that. members of the royal family are at some of the events, including the prince and princess of wales and their children. they ve been in slough, helping the scouts with a bit of building work, with prince louis keeping up with his older brother, getting behind the controls of a digger. are members of the royalfamily are members of the royal family are at some