this cyclist and just driving away, despite calls for her resignation, her spokesperson telling fox news that she plans to remain in office. we re following this story. we are live in our new york city newsroom. you saw the biker pop up. this could have been so much worse. a lot of people are waiting for a more public response from the council woman. her office confirms with fox news in the past two hours she s not stepping down despite thousands of people calling for her job. take a look. this happened on july 19th. the council woman is accusing of driving the black suv. the driver had green light here. but it s what happened afterwards that s drawing the criticism. the biker gets hit, remarkably, pops right up, walks over to the sidewalk. police say he complained of pain in his ankle and leg. he didn t see the car s plate number. but police tracked it down using surveillance cameras. that car is registered to the council woman. police say two summons were issued for leavi
increase taxes for you, the american people being crushed by the skyrocketing cost. skyrocketing cost of everything else. you are watching alexandria ocasio cortez on monday i m todd piro. ashley strohmier in for carley shimkus. downplaying concerns about recession and are responding with even more spending and even as abc poll finds 69% of americans think the economy is headed in the wrong direction. the democrats are still celebrating. todd: alexandria hoff with the fallout, good morning, alexandria. good morning democratic senators sherrod brown said a fragile arrangement. all 50 members had to be on the board, awake and there after pulling an all nader. if you asked me what help get this done and some people have asked me that but i would put in one word, persistence. the reconciliation process required to pass spending bill with 16 hours of i voter roma and passed by harris. a year of negotiation with what was once the 3 trillion plus build back better bill and
the china virus, there has never been, in the history of this world, and economy that was moving along like that economy. it was the greatest in history for everybody. sean: one report out this week, vladimir pruden will make more selling oil and gas this year are estimated to $315 billion. obviously that will fund the war effort against ukraine. and after watching putin invade ukraine, do you believe president xi will try to take taiwan? he s shown a lot of aggression over their airspace, keeps talking about reunification. that would be a takeover. so do you think is the bigger geopolitical threat? russia or china? because of the mass of the economy of because of the amount of building that they are doing up there military, you take a look at the number of planes
foreign reserves are frozen. that s around $315 billion. now that is why russia says it can only repay creditors in rubles. that is the local currency, and it s lost around half of its value against the dollar this year. that sort of volatility doesn t just make the ruble less attractive for investors. using it to repay this debt would be considered a default, and here s why. moscow is due to pay $117 million in interest payments on dollar denominations, government bonds wednesday. now although russia has issued bonds that can be repayed in multiple currency since 2018, these payments must be made in u.s. dollars only. these interest payments do come with a 30-day grace period. but credit ratings agencies could declare russia to be in default before that period ends if moscow makes clear that it doesn t intend to pay. now the potential consequences of a default are unclear. economists say the market is already prepared for the default
dollars. it can t pay it back in another currency but russia now says that it will repay investors from unfriendly countries, quote, unquote, unfriendly that have sanctioned russia in rubles and different currencies. now russia has a total of $121 billion worth of debt that s due in various different countries, but this particular payment it has to make in u.s. dollars f. it doesn t make in dollars and it makes it in rubles, it will be deemed to be in default of its debt. interest rates could spike and this could push the russian economy further into the doll drums. one of the reasons they say they can t pay this back in dollars is because they ve lost access to the dollar market. $315 billion worth of currency reserve have been frozen as a result. so, again, this is all about sort of strangling of the pursestrings for russia but it