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on tuesday, representatives of us presidentjoe biden and congressional republicans met again on capitol hill. the two sides have untiljune 1st 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 in the us and even a global recession. stocks on wall street finished sharply lower on tuesday. despite this, optimism among leaders remains. negotiations are very hard, very difficult, both sides have to understand they won t get everything they want. we are trying to get to 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 s bipartisan, but also reasonable. that s what you all can look forward to. for the latest on this story, i spoke to cbs news congressional correspondent, nikole killion ....
Deepening economic ties, what has been at the heart of these discussions? i has been at the heart of these discussions? discussions? i think australia has great discussions? i think australia has great ambitions - discussions? i think australia has great ambitions to - discussions? i think australia has great ambitions to tap i discussions? i think australia i has great ambitions to tap into the markets in the world s largest democracy. trade between australia and india last year was worth about $30 billion, and australia wants to increase that. also significantly, australia wants to diversify its global trade, it s dominated with trade with china, australia s biggest trading partner, so certainly australia is looking to tap into other markets to boost its trading relations. and we do here, after these talks between anthony albanese and no random mode d, that a free trade agreement between the countries could even be signed this year. and prime minister modi. he and prime minis ....