We get the latest from Washington as Congress gets to vote on raising the debt ceiling.The US would begin defaulting on its $31.4tn debt if the borrowing limit isn't lifted by 5 June.Ed Butler discusses this and more of the world's business news with Financial Journalist and broadcaster Salve Duplito in the Philippines and Peter Jankowskis from Arbor Financial Services in the US.(Picture: The dome of the U.S. Capitol Building is reflected in a puddle on a rainy morning in Washington February 2, 2012. Credit: REUTERS/Kevin Lamarque/File Photo)