peter rupert, thank ou for unconscionable. peter rupert, thank you forjoining _ unconscionable.eter rupert, thank you forjoining us on _ unconscionable. peter rupert, thank you forjoining us on the _ unconscionable. peter rupert, thank| you forjoining us on the programme. thank you so much. russia has carried out the largest ever drone attack on the ukrainian capital kyiv since the invasion began. but president zelensky said his country's air defences had managed to thwart much of the attack. one man was killed by falling debris and several fires broke out. from kyiv, james landale has sent this report. this is what the skies over kyiv look like in the early hours. unmanned russian attack aircraft coming in waves. being destroyed by ukraine's and defences. officials said more than 40 drones were brought down. but there was still damage nevertheless as debris fell to the ground, striking buildings, killing two people and injuring more. in the south—west of the city, fires broke out in several buildings including a large warehouse that suffered severe damage. as firefighters fough

so there are still lots of unknowns around the content of the bill — i asked peter rupert, professorof california at santa barbara, what can be in this text and how will congress react. spending is only going to go royal i%, they will stick to the 2022 budget for the next year, and more importantly, they are going to delay another budget increase until right after the 2024 election. we do know, at least it's been reported, is that there are several programmes, for example the supplemental nutrition assistance programme, that they are going to try to change, work agreements such that people have to spend time working 54 if they are single and with no dependents. we also are thinking that they are not going to have the paulsson the student loans programme at those individuals who took out student loans 60 days after the budget deal is signed, they will have to start paying their budget back. on the other hand they did keep the spending for they did keep the spending for the veterans come all the medicare, medicaid will be increased to make sure that they are paid in full. i mean, 'ust

i so there are still lots of unknowns around the content of the bill — i asked peter rupert, professorat santa barbara, what can be in this text and how will congress react. more importantly, they are going to delay another budget increase until right after the 2024 election. we do know, at least, what has been reported is that there are several programmes. for example, supplemental nutrition assistance programme, that they are trying to change work agreements such as people have to spend time working up to 54 of their single with no dependents. we are thinking they will not be the pause the student loan programme and that those individuals who took out student loans, 60 days after the budget deal is signed, they will have to start paying that back but on the other hand, they did keep the spending of, for the veterans. although medicare, medicaid will be increased to make sure that they are paid in full. i mean, 'ust a they are paid in full. i mean, just a ample _ they are paid in full. i mean, just a couple of— they are paid in full. i mean, just a couple of days - they are paid in fu

i am joined now by peter rupert, who is a professor of economics at the university of california at santaforjoining us here on bbc news. we had kevin mccarthy their say he had, or there were lots of westerns are yet to be answered. what are your principal questions about this agreement in principle? i want to be careful to make sure that people understand the difference between a default and government shutdown. the us has never defaulted on debt in the history of the us. on the other hand, we have had a government shutdown, the debt ceiling has been raised about 24 ceiling has been raised about 2k times in the last 20 years 2a times in the last 20 years or so. 2a times in the last 20 years orso. so, this kind 2a times in the last 20 years or so. so, this kind of brinkmanship makes it really tough on entry one, not being able to shut everyone, not being able to come up with what is happening earlier. i do think the questions are exactly what the details are going to be in terms of the cuts in spending. i think some of the things that have come out, basically there will be work requirement

rupert does listen to nancy pelosi for advice on his network. >> all the time. >> maybe now would be a great time to go to the debt ceiling, willie. >> okay. let's move along then. senator petersply concerned about the acuity of president biden. but the issue here is the debt ceiling. and what republicans have said that they will hold up to extract some spending cuts. that is coming from kevin mccarthy at the top of the house and other republicans as well. the white house and democrats have said this is not a negotiation. is this pro forma, this is something we do, we can talk about the budget in a separate conversation if you want to. but that is not flying with republicans. so where does this end? is there a chance that the united states defaults? >> well, we got to do everything we can to make sure that doesn't happen. obviously default is catastrophic if that occurs. we heard the federal reserve chair say that it is unbelievable we're even talking about a possible default as something that the united states would not pay its bills. basically republicans are extracting a hostage here, which is the american economy, and should there be a default,le have people's retirement s