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some reports say 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 end up here — again? 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 exactly is happening here? major consequences for the economy... the us could default on its debt in a matter of weeks... debt ...

hello and welcome to bbc news. i have the top stories. with british supermarket prices spiralling fast, rishi sunak is promising more seasonal visas for farming. promising more seasonal visas forfarming. that promising more seasonal visas for farming. that story coming up for farming. that story coming up later on. but first, one of the world's biggest car makers, stella ntis, which produces vauxhall cars here in the uk, has urged the government to renegotiate part of its eu trade deal or run the risk of making the business unsustainable. stellantis, whose brands also include peugeot...

one of the victims, his tribute tonight. the abortion battle, the future of the pill used for more than two decades, uncertain after competing rulings by two federal judges. the latest action by the justice department. a virginia grand jury indicts the mother of that 6-year-old boy who shot his f first gradede teacacher in a classrsroom. what his mother is charged with. the fallout over dozens of leaked classified documents. what they reveal about russia, the war in ukraine, israeli intelligence, and more. and what american intelligence officials fear tonight. president biden...

>> ainsley: they are singing it's going to be me but it sounds like going to be may. we are playing that as we look at warsaw, virginia because today is may 1st. >> ainsley: a apparently a ton of peoples that say that chris said his phone was blowing up last may. you might see that on social media today justin timberlake song. >> steve: n singh welcome aboard. >> ainsley: may first. may pool. did you have a field d would dae around it brook inbrook inwe were studding. we had financials. >> ainsley: you were precinct for your birthday party it's coming up. >> brian: is it a national h...

the united states and around the world, i'm christine romans. we begin with breaking news on what's now the second biggest bank failure in u.s. history. most of first republic bank is now being bought by jpmorgan chase in a deal arranged by the federal deposit insurance corporation. the fdic. cnn's clare sebastian live in london for us. clare, this deal announced just a short time ago. all weekend, we've been waiting for word what would happen to first republic. we knew it couldn't continue as a concern here. fdic would have to step in. and you went to bed thinkiing first republic is...