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Does have to get bipartisan approval, right? a tentative deal in principle means nothing until you get that sign off, evenif until you get that sign off, even if it passes in the house it will take 60 us senators before it even gets to the desk of the us president. all of these, as you mentioned, as do happen but the 5june. that was an extension, already, from the us present secretary janet yellen. she is aware that markets have already been jittery over the issue. there is the potential of the contagion effect. the original deadline was the1 contagion effect. the original deadline was the 1june. we now have until the 5june but this doesn t mean, i think it is fair to say, that this is over the line. both sides now are talking with their parties with their lawmakers and they will have to sell this deal.- have to sell this deal. again, that breaking have to sell this deal. again, that breaking news, - have to sell this deal. again, that breaking news, the - have to sell this deal. aga ....
Yellen has sent a letter to congress warning the treasury would be unable to satisfy its obligations as early as 1june. presidentjoe biden will meet top lawmakers including republican house of representatives speaker kevin mccarthy at three pm local time on tuesday after that meeting was postponed from last friday. samira hussain has more from the ock. in less than two weeks the ock. in less than two weeks the united states could fail to meet its debt obligations if lawmakers in washington cannot come to some sort of agreement. republicans have continued to demand cuts to social spending before they will agree to raise the borrowing limit. us presidentjoe biden has repeatedly said he would not set conditions lawmakers must raise the debt 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 were get paid, and the ....
Us treasury secretary janet has again sent a letter to congress warning the treasury would be unable to satisfy its obligations as early as 1june. presidentjoe biden will meet top lawmakers including republican house of representatives speaker kevin mccarthy at 3p able a good time on tuesday. of course that meeting was postponed from last friday. samira hussain has more from new york. in less than two weeks the united states could fail to meet its debt obligations. if lawmakers in washington cannot come to some sort of agreement. the republicans have continued to demand cuts to social security before they will agree to raise the borrowing limit. us presidentjoe biden has repeatedly said he would not set conditions that must raise the debt limit his failure to do so would result in an economic catastrophe. some of the possible outcomes of the job losses, those that depend ....
But us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the white house the two warring political parties go to try and work it out. but the clock is ticking. the us government could run out of cash as early as 1june. so what are the possible consequences? forstarters, people who work for government agencies won t get paid. and those getting social security benefits won t get their money, either. financial markets would fall, and thousands ofjobs would be lost in the immediate aftermath. but the most dire consequence would be investors losing confidence in the country s ability to pay the interest on its debt, which comes in the form of treasury bonds, which are seen as one of the safest places to put your money. and that would quickly shatter the world s confidence in america. sameer hussein reporting on that story for us. later today, wework, one of the giants in the co working space will report their latest ....
Strings attached. so off to the white house the two warring political parties go to try and work it out. but the clock is ticking. the us government could run out of cash as early as 1june. so what are the possible consequences? forstarters, people who work for government agencies won t get paid. and those getting social security benefits won t get their money, either. financial markets would fall, and thousands ofjobs would be lost in the immediate aftermath. but the most dire consequence would be investors losing confidence in the country s ability to pay the interest on its debt, which comes in the form of treasury bonds, which are seen as one of the safest places to put your money. and that would quickly shatter the world s confidence in america. samira hussein reporting on that story for us. later today, wework, one of the giants in the co working space will report their latest ....