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
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
the republicans have been unwilling to budge on. and time is ticking. janet yellen has estimated the government could run out of money to pay its bills as soon as next month. it s congress s job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making. there is no action that s evident biden and the us treasury can take to prevent that catastrophe. fin treasury can take to prevent that catastrophe. on tuesday, president joe that catastrophe. on tuesday, president joe biden that catastrophe. on tuesday, president joe biden will- that catastrophe. on tuesday, president joe biden will meet | presidentjoe biden will meet with congressional leaders to try and resolve this crisis. but if not, washington could be sent into a debt default by june. the debt limit was created in 1917, and currently stands at over $31 trillion. the ceiling has been raised 78 times in 1960. a senior analyst at moody s said we need a solutio
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