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that no agreement has been reached. both men had met earlier this morning and before the talk said sounded a note of optimism. they have just ten days left to reach a deal to increase the government borrowing limit or trigger a default. from new york. even before president default. from new york. even before president biden - default. from new york. even before president biden with i before president biden with house speaker kevin mccarthy negotiations were once again around the table trying to strike a deal to avoid a default. sources say the white house is now offering to keep spending flat from this year to next. while republicans, they say they want to increase defence spending while cutting everything else by up to 22%. treasury secretary janet yellen confirmed over the weekend that june one is the hard deadline when the government can no longer pay its bills. and the deadline for a deal may actually be sooner in order for it to pass the house and senate in time. ....
In time will rank and file members of both parties go for it? the impact of defaulting would be felt by everyone. economists save millions of americans could lose their jobs, putting the country into a recession. and there would be untold disruption to the world financial markets. financial markets. when you look at wall financial markets. when you look at wall street - financial markets. when you look at wall street investors are watching the negotiation very closely for the part overnight quite a bit of a mixed bag. we will continue to monitor how asian markets react after that meeting between kevin mccarthy and joe biden wrap up with no agreement insightjust yet. away wrap up with no agreement insight just yet. away from the us into china now, the british chamber of commerce and china s just released a report showing that a majority of its members now feel more confident about doing business there compared to a year ago. earlier i spoke to a year ago. earlier i spoke to the organ ....