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Transcripts For BBCNEWS World 20240706



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 ....

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