Union Budget 2022: Private sector competitiveness is top of mind : Rashtra News #Union #Budget #Private #sector #competitiveness #top #mind The government correctly decided last year that large investments in infrastructure was the way to take the economy forward and create jobs. By RC Bhargava A very different budget and a short Budget speech. The […]
as a matter of fact, i ve told the speaker and i ve told mr. cantor, the republican leader, that democrats would come up with at least 150 votes to make sure that we extend the debt limits so we cannot default and pay the bills that we have already incurred so that i think the answer is emphatically yes, chris. we believe that this is a very serious issue. secretary geithner has made it very clear that after august 2nd, there is no maneuvering room. we will have run out of ways to manage our cash flow that enables us to pay our bills and that we will be in default. okay. it s going to be a tough couple days. thank you so much. u.s. congressman steny hoyer, house democratic leader. thank you, chris. joining me now is democratic senator mark warner of virginia. he s on the banking budget and the commerce committees. senator warner, i was wondering in the course of as we get closer and closer to the deadline for action on the debt ceiling legislation, why are we
think the answer is emphatically yes, chris. we believe that this is a very serious issue. secretary geithner has made it very clear that after august 2nd, there is no maneuvering room. we will have run out of ways to manage our cash flow that enables us to pay our bills and that we will be in default. okay. it s going to be a tough couple days. thank you so much. u.s. congressman steny hoyer, house democratic leader. joining me now is democratic senator mark warner of virginia. he s on the banking budget and the commerce committees. senator warner, i was wondering in the course of as we get closer and closer to the deadline for action on the debt ceiling legislation, why are we not hearing from big business. why are we not hearing from tom donahue demanding action to avoid a default? chris, as you know and many of your viewers i m probably one of the more probusiness democrats out there, i m pulling my hair out on that same reason. we ve seen the power of the business community we
instruments can t go directly on an exchange and if you force everything directly on exchange immediately you re going to end up with these instruments going overseas. and that sort of cuts off our nose to spite our face. there are other problems with the bill also but that s where the essence of the debate is. the fact that you would have to spin off your swap from some of these entities is another question. how do you do that? who ends up doing swap tests. doesn t that make the system a little less stable when you spin them off? there are big issues right there. senator, i want to apologize. you lost your your ability to hear me for a minute there so you and i were both talking at the same time. but thank you very much for coming on and having this conversation with us. appreciate it. senator judd gregg of new hampshire on the republican a republican on the banking budget and appropriations committees. in a few minutes we re going to go to the white house and i ll put some of