the herman cain back at 4%. rick perry is the closest comparison to ron desantis. hugely popular. four-term governor. longest-serving governor in texas history, second longest-serving governor in u.s. history. everybody thought it was going to be president rick perry. then along came the debate, and good-bye went rick perry. desantis looks good right now, but could he be this year s rick perry? that was the moment where rick perry couldn t remember the federal agencies he wanted to get rid of. at this point there s the enthusiasm of ordinary republicans. you mentioned this in passing. president trump declared on november 15th of last year, he s had 136 days between his announcement and the march 31st fundraising report. during those 136 days, he raised $17.8 million. ron desantis on the first day he got into the race raised
earlier in the day treasury secretary janet yellen told congress that it s highly likely the agency will be unable to pay all its bills by earlyjune. so if that prediction is correct, what exactly is at risk? according to the financial services company moody s analytics if the debt limit is breached for even just one week, the us economy would shrink so much, so quickly, that around 1.5 million jobs would be lost. and if a government default were to last into the summer, 7.8 million american jobs could vanish. that would mean the unemployment rate would soar from the current 3.4% figure to 8%. and the stock market could plunge wiping out trillion in household wealth.
earlier in the day, treasury secretary janet yellen told congress that it s highly likely the agency will be unable to pay all its bills by earlyjune. so if that prediction is correct, what exactly is at risk? according to the financial services company moody s analytics, if the debt limit is breached for evenjust one week, the us economy would shrink so much, so quickly, that around 1.5 million jobs would be lost. and if a government default were to last into the summer, 7.8 million american jobs could vanish. that would mean the unemployment rate would soar from the current 3.4% figure to 8%. and the stock market could plunge, wiping out $10 trillion in household wealth. for more on this, i m joined by michael strain, the director of economic policy studies at the american enterprise institute, as well as betsey stevenson, a former member of president obama s council of economic advisers, and former chief economist at the us department of labor.
if a deal is to be made, it needs to be this week. that s because the consequences for the us and global economy are dire if an extension can t be agreed by the beginning ofjune. according to the financial services company moody s analytics if the debt limit were breached for evenjust a week, the us economy would shrink so much, so quickly, that around 1.5 million jobs could be lost. and if a government default were to last into the summer, 7.8 million american jobs could vanish. that would mean the unemployment rate would soar from the current 3.4% to nearer 8%. and there would be a potential stock market plunge, too, wiping out $10 trillion in household wealth. our business correspondent in new york is michelle fleury shejoins me now. michelle, we ve been talking about this for a long time and here we are once again, at the 11th hour, being told by the deal has to be done this week. this is about politics though, isn t it, not economics? it’s
well dr king fought for this or father did in a way that showed that by taking care of the least of these, everybody would do better by making sure that every american could vote. america would be better by making sure every american has access to credit credit is like water where credit flows things grow. if you see a community with credit does not flow, things cannot grow. opportunity cannot survive. well, we re saying is that you need to have a system despair for everyone. 17.8 million americans pay rent and can afford to pay a mortgage. but the credit scores in their way out of that 17.8 million people. 50% of them. white 20% of black 20% of latino. so this is an american problem, but by looking at the underlying issues , understanding the plight of african americans and being at the bottom of that run if we can lift that population of everybody is going to benefit, so it s not a black or white issue, but many times in america. the stories being told by the least of these african a