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and congressional republicans met again on capitol hill. the two sides have untiljune 1st, just over a weeks time, 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 here in the us, a plunge on the stock markets, and even a global recession. in fact, stocks on wall street finished sharply lower at the close of trading on tuesday. despite this, optimism among leaders remains. white house press secretary karinejean pierre says a deal both sides can be pleased with is possible. negotiations are very hard, very difficult, both sides have to understand they won t get everything they want. we are trying to get 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 is bipartisan, but also rea ....
Respect to covid and with respect to a variety of bills that they feel has fuelled insulation, so they don t want to keep spending at those levels, even at current levels. that said, both sides say they are committed and they understand the gravity of the situation, knowing the us could potentially default on its obligations, not be able to pay its bills as soon asjune the 1st. so they continue to keep that deadline in mind as they try to work towards an agreement. try to work towards an aareement. . , ., ., agreement. that s our final question. agreement. that s our final question, even agreement. that s our final question, even if agreement. that s our final question, even if they - agreement. that s our final | question, even if they reach agreement. that s our final - question, even if they reach an agreement, it would have to get through both chambers, so how concerned are republicans and democrats about the real possibility of a defaultjust days away? possibility of a de ....
And congressional republicans met again on capitol hill. the two sides have untiljune 1st, just over a weeks time, 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 here in the us, a plunge on the stock markets, and even a global recession. in fact, stocks on wall street finished sharply lower at the close of trading on tuesday. despite this, optimism among leaders remains. white house press secretary karinejean pierre says a deal both sides can be pleased with is possible. negotiations are very hard, very difficult, both sides have to understand they won t get everything they want. we are trying to get 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 ....
Something special, to prioritise payments, there is plenty of money every single day to pay the interest on the debt. that is what a default is, when you don t pay your debt when it comes due. so there is plenty of cash to pay off the debt as it becomes due. if you make the argument that the 14th amendment gives you special privileges, may be the place to look is privatisation and not completely ignoring the debt ceiling entirely. debt ceiling entirely. looking ahead to the debt ceiling entirely. looking ahead to the republican - ahead to the republican presidential nomination, that is making big news this week. you were at senator tim scott s campaign announcement yesterday, are you endorsing him? ., ., ., ., , him? no, i am not, i am friends with all these him? no, i am not, i am friends with all these folks. him? no, i am not, i am friends with all these folks. i him? no, i am not, i am friends with all these folks. i have - with all these folks. i have been on the state le ....
Really want to make a fundamental shift in the trajectory of how the us government spends its money. as you know, this has been an age argument between democrats and republicans for years, decades. an age old argument. they are trying to resolve all of this in a matter of days and it s proving to be quite challenging. we have also heard these terms of optimism, talks about the negotiations being productive. about the negotiations being productive- about the negotiations being roductive. , ,, ., productive. both sides showing willingness productive. both sides showing willingness to productive. both sides showing willingness to agree productive. both sides showing willingness to agree that - productive. both sides showing willingness to agree that a - willingness to agree that a default is off the table, so why can t they get past these sticking points? the negotiators - sticking points? the | negotiators continue sticking points? the i negotiators continue to sticking points? ....