programme. there will no be default. those were the words of president biden on thursday as he hailed what he called productive talks with his political rivals as the clock ticks on the country s finances. he is trying to avoid hitting the debt ceiling. the us government is set to hit its borrowing limit of $31.4 trillion next week, raising fears it could run out of money to pay its bills without a deal to increase the debt ceiling. from new york, michelle fleury reports. with just one week left until treasury officials say the us will run out of cash to pay its bills, the mood music from washington was upbeat that a deal can be done to avoid default. i want to be clear that the negotiations we re having with speaker mccarthy is about the outlines of what the budget will look like not about default. it s about competing visions for america. nothing will be resolved till we solve them all. we know where our differences lie. we worked well past midnight last night, we r
central bank rather than holding it in the big global liquid centres for gold trading such as london or new york or zurich. that doesn t speak to a loss of trust across financial institutions globally and political stress about, well, if you look at us sanctions against russia, gold obviously sits outside of the dollar exchange system so you are not at the mercy of us sanctions if your central bank is holding gold. your central bank is holding old. ~ . your central bank is holding iold ., ., , , your central bank is holding old. . , ., ., gold. what does this mean for other asset gold. what does this mean for other asset classes, gold. what does this mean for other asset classes, including | other asset classes, including cash, for example? what does it mean with the rate of inflation? mean with the rate of inflation? certainly the inflation inflation? certainly the inflation rise inflation? certainly the inflation rise over i inflation? certainly the inflation rise over the