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showdown. president biden set to meet with congressional leaders again, in an effort to step back from the brink of default. john durham releases his findings on the origins of the trump/russia probe. his reactions ahead to it. russia launches a barrage of missiles from the sea, air and land. we ll have a live report on that. thanks for joining us. all eyes on washington, as the u.s. government could start to run out of money within weeks unless it allows itself to borrow more. in the coming hours, president joe biden is set to meet with congressional leaders at the white house, to try to get on the same page about raising the u.s. debt ceiling. the president and senate leader kevin mccar are at odds before the country falls into debt. democrats and republican leaders have yet to find common ground. there is no movement. we re only a couple of weeks away. if you look at the timeline to pass something in the house and pass something in the senate, we have to have ....
That will stave off reaching the debt ceiling for a little bit. but ultimately, the default is a possibility, as we move closer. there, we would expect to see higher interest rates. even tighter financial conditions that will reverberate the u.s. economy and the global economy. what impact would default mean for black american and hispanic families? i think it will be disastrous. it will be catastrophic all around. but we re talking about groups of people that have historically been more vulnerable. when these types of events hit, they are often disproportionately effected. we re talking about groups that often have lower credit scores. often have fewer financial resources. ....