the civil cases that are against us to go into the channels of bankruptcy, which is protocol anyway. but we want immunity from those cases and any future cases. well, at the time all the lawsuits between purdue pharma and the sacklers according to legal documents, $40 trillion is what it amounted to. and so that s when the negotiation started. as the appeal went on, the sacklers went up to $6 billion that they would put into the bankruptcy action. here s what s going to come from those $6 billion. first of all, they are going to go to victims compensation because all of those suits went into the channels of bankruptcy. it s going into the opioid crisis abatement programs for the local level, for the state level, all around the country. it will also go for overdose rescue medicines which are so important and purdue pharma, the
in line, but the american people must also understand that our true default is having too much debt on the nation s credit card with no fundamental way of repaying it and not even being able to pay for the things that republicans and democrats or americans all want washington to actually do. under the president s budget, interest on the debt becomes the number one line item on the fiscal on the nation s fiscal health. that s not sustainable. so whether you re talking about 32 trillion or 36 trillion or 40 trillion, the trajectory we are on is not going to work for the american people. congressman, i m out of time, but let me ask you really quickly, in the end, how many noes do you think the republicans will tally? right now i don t know. we ll see how it ends up on the floor. i m thinking the number s around 50. could be more than that, but we ll see what happens. congressman byron donalds, thank you. i want to bring back brendan buck, former spokesperson for the january 6th co
thank you. john? this morning an appeals court in new york has granted the sackler family immunity in exchange for a $6 billion opioid settlement. the wealthy family will be shielded from current and future lawsuits. the drugmaker called the ruling a victory. it branded oxycontin as a non-addictive drug when it began selling it in the 1990s and they are accused of fueling the opioid crisis that has killed half a million people. jean casares, so this deal, what does it mean for the sackleres and its victims? this deal was there from the beginning as purdue pharma was about to enter into bankruptcy and the way the legal document says and i was in courts for some of these original hearings and initially before bankruptcy was filing and purdue had lawsuits and the sackleres as individual his lawsuits against them, $40 trillion of lawsuits
opioid business. it shuts down purdue pharma. it gave deedee and families like hers the opportunity to address the sacklers and tell them how they wrecked their lives and gets money to families like deedee s, $750 million or more. the sackler family said the s sackler family believes it is critical to providing substantial resources to people and communities in need. we are pleased with the court s decision to allow the agreement to move forward and look forward to it taking effect as soon as possible. the settlement means immunity from thousands of lawsuits related to purdue pharma s early aggressive marketing of oxycontin as nonaddictive, which it was not. before purdue filed for bankruptcy in 2019, the total cost of all the lawsuits facing them was according to a second circuit court opinion, $40 trillion. they obviously are not going to have to pay that. in 2021 the sacklers are
side of the agenda, i think all nations are concerned, this represents half of gdp, about $40 trillion, we ve got inflation issues, we have still got some climate change disruptions in the wake of covid. we have got as you just mentioned earlier president biden having to tackle really serious concerns about the us debt default citing the agenda looms large. look for some agreements, bilaterally and as groupings related to things like supply chain resilience and course eyes are also on the us with the potential regional banking crisis. banking crisis. what about al because fumio banking crisis. what about al because fumio kishida - banking crisis. what about al l because fumio kishida recently met with the founder of czech gpt who was an us congress yesterday. i gpt who was an us congress yesterday- yesterday. i think there is a lot of concern yesterday. i think there is a lot of concern for yesterday. i think there is a lot of concern for the - lot of concern for the potential