The DUP is warning that the North's power-sharing executive is on the ‘brink of collapse’ ahead of an emergency meeting at Stormont today.

Foreign Affairs Minister Charlie Flanagan will lead the Irish Government delegation at today's meeting.

The British and Irish governments want political leaders to review the Stormont House Agreement, in the hopes of saving Northern Ireland's power sharing institutions.

The Assembly is facing collapse after it failed to reach a deal on the Welfare Bill, agreed in Westminster in 2013.

The nationalist parties at Stormont introduced a petition of concern - essentially a veto - which requires any bill to have sufficient support from both unionist and nationalist parties to go through.

By July if no agreement has been reached, it is possible the British government could take over, and may impose the welfare cuts that have been applied to England and Wales.

Northern Secretary Theresa Villiers has warned that schools and hospitals could be under threat if no Budget can be agreed.

DUP MP Jeffrey Donaldson says Sinn Féin needs to compromise. He spoke to Newstalk Breakfast this morning about the crisis:

The leader of the Alliance Party, David Ford says it is crucial a resolution is reached.

He thinks some parties are refusing to recognise the seriousness of the issue: