six people killed as dozens of cars pile up in a crash caused in part by dust and strong winds. and no script for this, hollywood writers now on strike bringing production to many shows to a sudden halt. welcome to our viewers in the united states and around the world. i m countrhristine romans. president biden calling top leaders to the white house a week from today to talk about raising the debt ceiling. janet yellen said that the federal government face as catastrophic default as soon as june 1 if congress doesn t act. the money runs out june 1. in a letter, yellen writes after reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy the obligations potentially as early as june 1. and jasmine wright is live for us. this gives a date when all the bills can t be paid and the white house said it won t negotiate. so what does biden want to talk about next week? reporter: the process is president is looking to shake up th
stocks fell yesterday investors are bracing for a critical meeting where the fed is expected to lift interest rates again to the highest level in 16 years before debating a pause. and also concerning word of the date when the u.s. can no longer pay all of its bills. june 1. and inflation watch, gas prices fell a penny overnight. and kevin mccarthy has accepted an invitation to meet with president biden one week from today about the debt ceiling. biden of the innedvited all fou leaders to that meeting. and let s bring in our analyst at bankrate.com greg mcbride. so the deadline has passed. the date was in january but now
president biden and the democrats race to try to pass their massive spending bill by next weekend. the president and senate majority leader schumer met with manchin in delaware this morning to try to continue negotiations. david spunt is live in wilmington with more. the white house is saying this was a positive breakfast meeting with senators schumer and manchin saying they are making headways to try to get some sort of deal here. president biden one week from today s going to be in glasgow scotland for a climate summit with other world leaders, wanting to bring something tangible to those world leaders saying he can get his climate priorities from the united states and mention those on a world stage. also a week from today, which happens to be halloween, that s the deadline, that democrats a self-imposed deadline to pass this package, infrastructure, social spending plan, which includes those climate