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on tuesday, representatives of us presidentjoe biden and congressional republicans met again on capitol hill. the two sides have untiljune 1st to come to an agreement on raising the govenrment s borrowing limit, or risk the us not being able to pay its bills. some analysts have warned a default could lead to huge job losses in the us and even a global recession. stocks on wall street finished sharply lower on tuesday. despite this, optimism among leaders remains. negotiations are very hard, very difficult, both sides have to understand they won t get everything they want. we are trying to get to a budget that is reasonable and bipartisan. that democrats and republicans in the house and senate will be able to vote on and agree on. this is the process, that s why we are moving in this way, to make sure it s bipartisan, but also reasonable. that s what you all can look forward to. for the latest on this story, i spoke to cbs news congressional correspondent, nikole killion ....
all republicans in the house voted in favour of the impeachment probe. congressman and chairman of the housejudiciary committee, jim jordan, gave this reaction to reporters afterwards. the house has now spoken and i think pretty loudly and clearly with everything republican voting in favour of moving into this official inquiry phase to do oversight. when a majority of the house goes on record in support of an official impeachment inquiry with the power that resides solely in the house of representatives, i think that sends a message. our reporter helena humphrey has been following the impeachment inquiry vote on capitol hill. i asked her what comes next. for this republican party puts them on a sure footing on how they prosecute this in sense of expanded powers to request his to me by subpoena from documents then they will have the job of documents then they will have thejob of going documents then they will have the job of going through the documents the evidence decid ....
the house has now spoken and i think pretty loudly and clearly with everything republican voting in favour of moving into this official inquiry phase to do oversight. when a majority of the house goes on record in support of an official impeachment inquiry with the power that resides solely in the house of representatives, i think that sends a message. message. helena humphrey on captiol hill. good to see you, tell us more about the reactions to the vote today. about the reactions to the vote toda . ., , ., , today. the vote result was alon: today. the vote result was along party today. the vote result was along party lines today. the vote result was along party lines stop - today. the vote result was along party lines stop so l today. the vote result was l along party lines stop so too was the reaction as well, as you might expect. the white house rather swiftly putting out a statement that this was baseless and nothing more than a political stunt. president biden ....
and benefited from, the business dealings of his son, hunter biden. in a statement, president biden called the vote a baseless political stunt and said the republicans were focused on attacking him with lies. our correspondent helena humphrey is following the story from capitol hill. great to see you, helena. what are the details? the great to see you, helena. what are the details? are the details? the day unfolded are the details? the day unfolded in are the details? the day unfolded in the - are the details? the day unfolded in the way - are the details? the day unfolded in the way that are the details? the day - unfolded in the way that the republican party largely would have been hoping it to unfold. we saw that result and that vote falling along party lines - 221-20 212. that vote falling along party lines 221 20 212. that means that the impeachment has now been formalised 221 212. this gives the republican party more short legal footing when it c ....
but on paper, the deal secured in dubai this morning is hugely significant. for the first time ever, there is language and a commitment to move away from fossil fuels. its impact, of course, will depend in large part on whether the signatories actually take steps to implement what they have agreed in the coming decade. after all, some of those countries included the united states, australia, canada, norway, who right now are expanding their already significant oil and gas production. there are many who had wanted a strongerform of words particularly the smaller island states, who are already facing the consequences of a warming planet. from dubai, our climate editor justin rowlatt sent this report. we waited and we waited, and then. hearing no objection, it is so decided. ..with the bang of a gavel, the deal was done. applause and it got a standing ovation. so the hammer has just gone down here in dubai, and that is the fastest that an agreement text has ever been agr ....