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
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 federal gover
interest on its debt, which comes in the form of treasury bonds, which are seen as one of the safest places to put your money, and that would quickly shatter the world s confidence in america. fasten your seatbelts! samira hussain there. and it s notjust the debt ceiling that is rattling washington, as the ongoing regional banking crisis continues to cause concerns. with the us central bank the fed now warning the turmoil could stoke a much broader credit crunch and slow the whole economy. joining me now isjustin urquhart stewart, founder of investment platform, regionally. you and i have been around the bloc quite a few times and we have seen this stand off before in congress about the debt ceiling. is it different this time? well, yes, it is because we have seen it, as you say, quite often, it has always become quite run of the mill, they come up to a debt ceiling,