us congress set to vote on raising the debt ceiling and what is normally a routine matter has become an increasingly politicised battle. after weeks of negotiations, us presidentjoe biden and republican kevin mccarthy agreed to a deal to prevent the country defaulting on its debt. treasury secretary janet yellen warned the us could run out of money byjune the 5th. over the weekend joe biden and house speaker mccarthy agreed in principle in a deal to raise the debt ceiling but wall street has seemed less convinced, trading lower this week as investors remain cautious. us treasury also feeling the pressure with yields for ten year and two—year bonds falling. the bill as written restricts any new spending for the two years, which would cut the deficit by 1.5 trillion over ten years. it includes new work requirements

for older americans receiving food aid and it suspends the debt ceiling on two january 2025, after the next presidential elections. there are few lawmakers that likely final package but the economic consequences of not raising the debt limit could be catastrophic. not everyone is happy with this bill, but most members, as we are seeing so far, looks like they might get this over the line and approve the house debated bill. we will see that in just a short while, and they are trying to desperately sell the benefits of this bill as they try to get it over the line.— it over the line. today the house is _ it over the line. today the house is taking _ it over the line. today the house is taking historic i it over the line. today the i house is taking historic steps to address our nation's out—of—control debt. this house republican win rescind is $28 billion in unallocated covid funds, it cuts to trillion dollars in government spending, it rains in the executive

branch and rejects the president's extreme $5 trillion in proposed tax increases. but what today _ in proposed tax increases. but what today is _ in proposed tax increases. but what today is about is whether we are — what today is about is whether we are going to hurt 330 million _ we are going to hurt 330 million americans. whether we are going — million americans. whether we are going to hurt to the global economy _ are going to hurt to the global economy. that is what this is about — economy. that is what this is about. and from my perspective, there _ about. and from my perspective, there is— about. and from my perspective, there is only one answer. to pass— there is only one answer. to pass a — there is only one answer. to pass a hill— there is only one answer. to pass a bill that in fact does not — pass a bill that in fact does not have _ pass a bill that in fact does not have america welch on its debts, — not have america welch on its debts, or— not have america welch on its debts, or alternatively, to defeat _ debts, or alternatively, to defeat a _ debts, or alternatively, to defeat a bill which will devastate our economy and be catastrophic globally. | devastate our economy and be catastrophic globally.- catastrophic globally. i want to take you _ catastrophic globally. i want to take you to _ catastrophic globally. i want to take you to china - catastrophic globally. i want to take you to china now - catastrophic globally. i want i to take you to china now where it is graduation season and according to the national data, more than 11 million students will be graduating from china's colleges and universities this year, a record. they are next

going to bejoining the workforce but for many it could be a challenging task. our china correspondent explains why. this is the west lake which has been famous since the time of the emperors. this ancient city more recently has become known as the home to china's tech giants, especially ali baba, and there had been an expectation that in the course of that each year's university graduates, a large proportion it would be sucked up by these tech companies, not only from here but from all over china, and notjust the giants about the tech start—ups based here. that is no longer the case. the tech companies in china gradually shedding staff and thatis gradually shedding staff and that is the same problem with the property sector. these companies had been big

employers of recent graduates. because of the crisis in the property sector, staff are being shared and not so many people being taken up. the services industry is bouncing back quite well compared to other parts of the economy following the covid crisis but still hasn't completely recovered, and so what we have is a situation with a record number of university graduates and many wondering where they are going to go after graduation, and the question is being asked as to whether or not china has the right number of university graduates, the right mix of areas of study. and when it comes to the jobs picture in china, the latest indicator shows overall employment at a little over 5% in april, but the youth unemployment rate, between the ages of 16 and 2a, with 20% in april, a five year high. a little earlier andrew from

goldman sachs explained to me why this is worrying for the world's second largest economy. there are a few factors contributing to this high youth unemployment rate. we see those kinds of rights and a few other countries, notably some european countries for lower age groups, and it is difficult to have younger people see higher unemployment rates, but what has been unusual in china's case is used unemployment for the 16—24 age group has been rising for several years, even as more recently the unemployment rate has fallen. but we think that reflects a combination of factors, that youth tends to work more in service industries that were hit harder during the pandemic, and some of the training they have received is not necessarily perfectly aligned to the jobs coming not necessarily perfectly aligned to thejobs coming up. for example, you see a lot of people studying education but fewer education jobs being created than was the case in the past. created than was the case in the past-— created than was the case in the ast. ., ., ,, the past. reading some of your stuff ou the past. reading some of your stuff you said — the past. reading some of your

stuff you said there _ the past. reading some of your stuff you said there had - the past. reading some of your stuff you said there had been . the past. reading some of your stuff you said there had been a| stuff you said there had been a mismatch in the needs for new labour and i think that is what you're getting at, describe what you mean the. in you're getting at, describe what you mean the. in general we see a _ what you mean the. in general we see a pretty _ what you mean the. in general we see a pretty educated i what you mean the. in generall we see a pretty educated young population, but a desire to take that education and work in fields such as consumer technology are some of the higher tech sectors of the economy, perhaps more remunerated professions, and less desire generally among younger graduates to work in the manufacturing sector. so first of all there is the desired set of professions and second, the set of categories in which people have trained, take again the example of education, you have demographics such that we will probably need fewer educators in the future yet this is still a significant proportion of couege a significant proportion of college graduates, as one example. you have also seen in the last few years a number of regulatory efforts in various

sectors that tend to employ quite a few college graduates are younger workers. so that has inhibited to some degree the hiring of new employees in those areas given regulatory uncertainty and slower growth of some of these sectors. the sackler family _ of some of these sectors. the sackler family has _ of some of these sectors. the sackler family has won immunity from opioid lawsuits. the billionaire owners will be protected from lawsuits linked to the us opioid crisis in exchange for a $6 billion settlement. filing for bankruptcy in 2019 amid thousands of lawsuits made drugs like oxycontin and is blamed for fuelling the opioid crisis in the united states. opioids were involved in death ijy opioids were involved in death by overdose of more than 75,000 people in america in 2021, according to the us centers for disease control and prevention. the indian economy expanded more than 6% in the first three

months of 2023, that is compared to the previous year. latest data shows the south asian country remains one of the world's fastest growing emerging economies especially with china's economy stumbling. the clearest sign that the economic activity has picked up and what has driven this growth is robust demand in the services sector. retail demand drove up as well as travel and transport, plus growth in manufacturing after the sector saw contraction for three straight quarters. but the concern is the uneven nature of this economic growth, so why domestic consumption has risen. data shows only the urban and richer driving consumption. premium brands have gained but affordable entry for handset sales have slowed. similar with cars, as spending weaknesses

shown in rural towns which is where two thirds of the population lives. and why india stands as an outlier in the global economy, this risk that the global slowdown and volatility of financial markets mightjeopardise growth in the coming months. we are already seeing exports slowing down, compounding the problem is our climate risk and impact on food production. a positive however as inflation has started to fall off in the central bank believes in the's growth momentum is likely to be sustained this year. economists hope this gives the central bank some headroom to keep interest rates unchanged or even move towards a cut later this year. rapper sean colmes known as diddy has accused the drinks giant diageo of breaking the terms of their business relationship because he is black. in a claim filed in new

york he accused the alcohol giant of investing and competing brands while denying his tequila at the same level of support. diageo goes on to brands such asjohnnie walker and guinness. that is all we have for you here on asia business report, goodbye for now.

he is handed a petition into downing street this week calling for safer and more secure truck stops across the country. it comes at a time when thefts from lorries cost the industry more than 400 million a year, a figure that is growing. million a year, a figure that is growing-— million a year, a figure that is curowin. ., , ., �* is growing. most of us wouldn't work in offices _ is growing. most of us wouldn't work in offices if _ is growing. most of us wouldn't work in offices if you _ is growing. most of us wouldn't work in offices if you don't i work in offices if you don't have proper toilets and welfare facilities, a kitchen to have our lunch and on those things. these truck drivers don't have it, have more than appointed trucks and decent beds and fridges, microwaves and such like. they still need somewhere to stop. like. they still need somewhere to sto -. ., ., to stop. the road haulage association _ to stop. the road haulage association says _ to stop. the road haulage association says better i association says better facilities for drivers are needed urgently and believes 11,000 safe and secure spaces are needed right now across the country.

iam i am dealing with the catch up. tonight, young people suffering strokes, itv�*s review into phillip schofield and manhattan henge takes new york. but first the team that will make up the lioness is at this year's women's world cup has been named. it will be captained by chelsea's millie bright while missing from the squad will be beth mead, recovering from an injury. let's talk about strokes because they are more common in young people than you might think. i6% of people who had a stroke between april 2021 and march 2022 were aged under 60. strokes are mainly caused by blocked our burst blood vessels which stop the supply of blood in the brain. symptoms include problems with your speech, vision and movement. it has made some relationships quite difficult. being in your 20s, the social aspect of your

life especially in cities is a big deal and i wasn't able to do that and i lost contact with people because i wasn't able to do things that they wanted to do. do things that they wanted to do, ,, ., do things that they wanted to do. ,, ., ., do things that they wanted to do. ., , ., , ., do. some other stories and itv have launched _ do. some other stories and itv have launched an _ do. some other stories and itv have launched an external i have launched an external review into how it handled the relationship between phillip schofield and the colicky had an affair with well. this morning. and to new york where they twice annual manhattanhenge took place last night, when the sunshine lines up night, when the sunshine lines up perfectly with the straight streets of the city creating this picture perfect moment. and finally i will leave you with ten seconds of this very hungry bear. i guess we'll need a rush now and again and this black bear in connecticut is no exception, tucking into a tree of cupcakes. you are all cut up, have a great night.

hello, iam hello, i am mark edwards from the bbc sport centre. coming up in the programme, jose mourinho defeated as severe maintained their perfect record in europa league finals. millie bright named to the england squad is beth mead misses out. alcatraz remains on course for a

semifinal showdown as both went on a