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condemn. >> the -- >> proud boys stand back and stand by. >> the proud boys celebrated that shout-out from then president trump during a debate in 2020. months later, members of that group would be heavily involved in the violence on january 6th. and now they are facing serious prison time for their actions. much more on yesterday's guilty verdicts in just a moment. meanwhile, in new york jurors in donald trump's civil rape trial heard more of his video deposition yesterday while taking through some of that testimony, and also ahead, more ethics issues for supreme court justice cla...

this is cnn breaking news. i'm max foster joining you live from london. bianca is off for the day. we've got breaking news to bring you at this hour. it is that essentially the second largest bank failure in american history has been announced. first republic taken over by the authorities late last night. and they have sold a large proportion of the assets to jpmorgan chase. thos those assets we're being told is just announced by the federal deposit insurance agency. that's the agency that ensures deposts for customers. this is the third bank to fail in two months. there's a relief...

even a brief default would cause the country half 1 million jobs, according to the council. if there is no default, dragging negotiations out until the last minute could cause 200,000 jobs. some argue president biden could act unilaterally by provoking a provision and the 13th amendment. other question the legality of such a move. in the exclusive interview with stephanie ruhle, the president didn't take the option off the table. >> i am not there yet, and here's the deal. i think that, first of all, this is not your father's republican party. this is a different group. and i think t...

president biden's focus today on the fight to raise the debt limit and the dress of consequences that could be in store for the country have no actions taken. >> not a single solitary -- has -- this data is not that i accumulated. but that is not that occurred of the last several years. it is 200 years of debt. 200 years. the idea that we wouldn't pay our debt is bizarre. it's estimated that we didn't pay the debt, we lose 750,000 jobs, we have a recession, would be a disaster. the idea is for the first time saying, unless you can approve this ridiculous budget -- what the republican...

historical responsibility. a jury in washington finds four members of the far—right group the proud boys guilty of seditious conspiracy for plotting the january 6th attack on the us capitol. welcome to bbc news. here in the uk, preparations are well under way for the coronation of king charles. not long to go now. joining me live covering every moment of the lead—up to the coronation is our correspondent christian fraser. enjoying the sunshine here on a lovely day in front of buckingham palace. the royal standard flying above the palace which tells you the king is in residence an...