but no agreement was reached. here s what the leaders of both sides had to say following that high stakes meeting. we agreed to continue our discussions and we will meet again on friday. in the meantime, our staff will meet today and daily between now and then, and everyone in the meeting understood the risk of default. our economy would fall into a significant recession and it would devastate retirement accounts, increase borrowing costs, according to moody s nearly 8 million americans would lose theirjobs. everyone in this meeting reiterated the positions they were at. i did not see new movement. the president said staff would get back together, i was clear to the president. we have two weeks ago. president biden also said that it was possible he might call off his trip to asia if there is no breakthrough on the debt. ryan sweet is the chief us economist at oxford economics i spoke to him a little earlier and he says he s not surprised no deal was reached. this is going t
here s what the leaders of both sides had to say following the high sta kes meeting. we meeting. agreed to continue our discussions we agreed to continue our discussions and we will meet again on friday. in the meantime our staff will meet today and daily between now then and everyone in the meeting understood the risk of default. our economy would fall into a significant recession and it would devastate retirement accounts, increase learning costs, according to reports nearly 8 million americans would lose their jobs. americans would lose their “obs. , ., , jobs. everyone in this meeting reiterated jobs. everyone in this meeting reiterated the jobs. everyone in this meeting reiterated the positions - jobs. everyone in this meeting reiterated the positions they l reiterated the positions they were reiterated the positions they were at reiterated the positions they were at. i did not see movement. the president said staff movement. the president said staff would get
but no agreement was reached. here s what the leaders of both sides had to say following that high stakes meeting. we agreed to continue our discussions and we will meet again on friday. in the meantime, our staff will meet today and daily between now and then, and everyone in the meeting understood the risk of default. our economy would fall into a significant recession and it would devastate retirement accounts, increase borrowing costs, according to moody s nearly 8 million americans would lose theirjobs. everyone in this meeting reiterated the positions they were at. i did not see new movement. the president said staff should get back together. i was clear to the president. we have two weeks to go. president biden also said that it was possible he might call off his trip to asia if there is no breakthrough on the debt. ryan sweet is the chief us economist at oxford economics. he says he s not surprised no deal was reached. this is going to be a game of political chicken.
on the debt ceiling. this is all about the amount of money the us government is allowed to borrow which has a self imposed limit, a ceiling. without a raise, this would leave the us unable to pay its bills. on tuesday, president biden met with top lawmakers in washington, who are currently blocking raising that ceiling but they came away without a breakthrough. nomia iqbal was there. both sides came out of the meeting which lasted more than an hour, announcing there was no deal. both showing they are entrenched in their positions. the republican speaker of the house, kevin mccarthy, attacked president biden for not negotiating. his opponents came out a short while either later saying republicans refused to take default off that table and mrjeffries called the publicly party as a party of magyar extremists. they have two weeks otherwise the us will default to not pay their bills and it would lead to economic ruin, leading to stock markets plummeting and millions ofjobs are p