Democrats and Republicans fail to agree on debt ceiling, despite risk of default

US Democrats and Republicans have failed to agree on a new debt ceiling, as the June 1 deadline is getting closer. Despite the Treasury Secretary's warnings the White House remains optimistic that a bipartisan agreement will be reached. RT contributor Chris Emms looks into how the crisis has influenced America's banking sector. ------------------------------------------------------------------------------------------- Freedom over censorship, truth over narrative. Follow us on Facebook: https://www.facebook.com/RTnews Follow us on Telegram: https://t.me/rtnews Follow us on Twitter: https://twitter.com/RT_com