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National association of realtors. but home sales had their weakest year since 2014 with over 5 million homes sold, down nearly 18% from the year before. and the clock is ticking now that the u.s. reached the debt ceiling set by congress. what happens next is a high-stakes showdown with the white house over a critical question. will the u.s. default on its $31 trillion debt? cnn global economic analyst joining me to break all of this down. ronna has quite the resumé. she is also the global business columnist and associate editor for the "financial times" and author of the new book "homecomin...

The bill i am working on, better care, better jobs, investments in home, in community based services for seniors, people with disabilities, lifting up the work force which is mostly women of color in america making 12 bucks an hour. that's what we're talking about when it comes to the services. we have to cover a lot of topics and make the investment. we still have work to do to come to consensus but we have a consensus throughout our caucus on the total number, 3.5 trillion. but that's only a couple days old. we're now beginning the work on the component parts. >> total 50 vote consensus, inc...

I think ninety five percent of our problems are homemade. the powers that be should come visit us and see how we live. it would bring tears to their eyes perhaps they would then make better decisions. says that the underlying problems are mismanagement and corruption and that most people who run would agree with him. look at our business news now and a lot of concerns today about italian debt kristoff that's right bryan and an issue that's becoming more pressing italy's economics minister is warning that next year the country could smash through the debt ceiling set by the european union e.u. ...

$15.25 billion relief package yesterday. many republicans left frustrated after president trump cut a deal with top democrats to pay or read legislation with a three month increase in the debt ceiling. one of the three republicans joined just now opposed to it, marsha blackburn. i understand you have placed your boats, haven't you? >> i was a "no" vote. we have a debt ceiling increase and cr, and we don't get those reforms that we need. i don't like the harvey and irma relates to all of these packages should stand alone. they should not be coupled or have a debt ceiling set on ther there. or a...

The day the treasury department has been warning would come has arrived. this week, in fact. the u.s. hit the debt ceiling set by congress, freezing the government's power to borrow money. so what should the government do now? some experts think they have the golden answer. cnn's mary snow has more. >> reporter: as the united states plowed past its debt ceiling, the treasury secretary manured to allow the government to keep borrowing until august. congress is nowhere near an agreement to raise the debt limit. to buy time for spending cuts, some conservative economists think the u.s. should sel...