what we know about how they were found in what the biden team is doing about it. and a dangerous escalation into the battle over medication and abortion. we will touch down in the state whose attorney general has threatened to prosecute women for taking abortion pills. plus, they would ve been dr. martin luther king junior s 94th birthday. tomorrow, we celebrate his. life later this, hour though, we will talk with his. work velshi starts now. and good morning to you. it is sunday january the 15th. i am ali velshi. we begin with a dire warning for the american economy. a debt ceiling showdown that is set to explode this week in congress, with potentially disastrous consequences. but in order to understand what is at stake, let us start with a history lesson and a historic visit. on, friday president biden hosted the japanese prime minister fumio kishida at the white house. an important visit meant to highlight the close relationship in the alliance between those two nations. a
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about what happens when you play with fire in a fragile economy. sometimes the fire explosion has catastrophic consequences. coming up in the 1970s and 80s, heading into the nine days, was the fastest growing large economic power in the world. you remember sicko watches and tvs and cars. then in the, 90 s economic disaster. the start of where this is called the lost. decade characterized by what is essentially a zombie economy that was not quite that but was not alive for growing either. it was caused by a number of factors. but essentially it was a mix of a great is good mentality coupled with high interest rates. we ve caught something called stagflation. stagflation is a stagnant economy sort of like a recession but not really sinking but not going anywhere along with high inflation. it is extremely difficult to get out of that. japan s law stepping turned