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Global equities rise as U.S. debt talks resume, while gold prices decline amid hawkish remarks from the Federal Reserve.

Chambers. that's the jam mccarthy has found himself in, headed to the white house later today, and we'll see if these two men can breakthrough it or if we'll move the clock you laid out a little bit closer to default. >> garrett haake, thank you for that. while the high stakes debt talks play out in washington, cnbc has new reporting about how european officials are nervous about the possibility that president biden could lose the 2024 election. cnbc seniopondent sylvia omaro is reporting from london. what are your sources telling you? >> they want to get together with united states over the c...

Shift, it looks like we're moving towards progress. despite yesterday being a bad day. now we are looking forward. >> 205 in the afternoon, of course. progress on a sunday, we will see what happens in the coming hours. as the talks continue. thank you. we want to get to the presidents view on his top priority, after cutting his g7 trip short. we want to bring in the chief white house correspondent -- peter, my friend, as always it's great to talk to you. the president just a short time ago tweeting about these urgent debt talks. we did this in the news conference. he was saying that they were ...

High stakes debt talks. just moments ago we learned that president biden has agreed to meet with house speaker kevin mccarthy tomorrow in the nation's capital. and staff level talks between the two sides will resume in a few hours. the two men agreeing to a one-on-one meeting after what mccarthy called a productive phone call today with the president as he threw home from the g7 aboard air force one. and before departing japan, biden painted a grim picture telling reporters that he cannot guarantee the u.s. will not default in 11 years when the u.s. government runs out of money and is unable t...

U.s. how much leverage does the g7 have on china to offer this kind of pressure to say, you know, pick a side? it shouldn't be russia, by the way. how much leverage do they have? >> you're right. the question of picking a side is paramount and that's driving all of this. the visit now in many ways by president biden is designed to reinforce the need to counter china and confront china on these diplomatic questions. the visit to japan, he had the meeting scheduled with the quad as well going to new guinea and the debt talks have derailed that. that's an unfortunate outcome. that was designed to...