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a default could have on us and global economies. so how did washington get here and what would happen if the borrowing ceiling is not lifted? my colleague 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 nation from economic catastrophe. so, what exactly is happening here? weeks to go before the federal government is unable to pay its bills. well, the us government spend more money that it brings in. so it needs to borrow money to pay its bills. it can only borrow a certain amount of money. and if it needs to borrow more, congress has to prove that. it used to be a routine thing, but not any more. republicans see this as an opportunity to extract demands, like cuts to affordable housing or other social security spending. but us presidentjoe biden says, no way. you need to pass this legislation with no strings attached. so off to the ....
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 t ....
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 ....
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 s ....
gb upset in canelo s back yard. reach the final of the l wheelchair gb reach the final of the european wheelchair rugby championships in cardiff with victory over germany. hello there and welcome along to programme on a day where football has been marking the coronation of king charles iii. premier league clubs have been playing the national anthem, god save the king, ahead of matches this weekend. the league advised clubs across this weekend s games to mark the coronation in some way suggesting the anthems could be a means to do that. manchester city s kick off against leeds was moved to later in the afternoon today due to proceedings in central london. it was city who came out on top winning to one at that he had. underwood got both of the goals in the first half as sam alla dice make changes to his lead side for his first game in charge. but to no avail. leeds is stilljust above the relegation zone uncle difference only. as patrick yuri reports. so begins big sam big ....