worried with what s going on? should we be worried. anything is possible obviously. there is a lot of anxiety. but remember even if greece reaches a deal with its predators, can greece implement greek reforms? the next deadline is tomorrow. that s when the bailout program expires. it doesn t necessarily mean if they don t pay that that they re going to be in default, it would just put them in arrears. the real hard deadline is july 20. that s what we re watching here. if they don t make that payment by july 20 then greece will be officially in default. but if you re talking about whether or not we should be worried about a worst case scenario like a financial panic set off by the collapse of lehman brothers back in september 2008, a lot of people think, no it s not necessarily a lehman moment as the ecb has pledged to do whatever it takes to prevent that. of course that s what we re hoping for. so look away from the obsessing about it as
period, which ended july 20, they would get tougher sanctions. not weaker. if they didn t get a deal. if they didn t get a deal. we didn t interrupt the talks, but if the talks didn t work, tougher sanctions. the president threatened to veto that in the state of the union, which means, to me, we like talking and the iranians have figured out that we like talking. does that mean you re not going to do anything in the senate to ratchet up the sanctions? the majority has been preventings from having that vote. the reason they prevented us from having that vote is they were fearful we had the vote and would actually win. so here we are again. we passed the july 20 deadline. the talks continue. they say for another four months. i think it makes sense to advocate that at the end of that period of talking, at the very least, you get tougher sanctions. not easier sanctions. let s talk about another failure of the administration. on our southern border now, it s pretty much an invasio
iranians they had until july 20 to stop enriching uranium to use for building bombs. they didn t. everybody said in the beginning of this, the sanctions won t work, the sanctions regime won t hold, iran won t do as it s supposed to, and they re dead wrong. everything iran was supposed to do, they ve eye. iran is going to get access to nearly $3 billion in their sanction access, but some disagree with freeing up those frozen funds. i m not a big proponent to paying to negotiate, and the $2.7 billion we ve given to iran in exchange for them to negotiate is pretty preposterous
inspections and rolling back its most daengerous stockpile. we re working to reach a comprehensivsive agreement. based on consultations, it s clear that we ve made real progress in several areas. and that we have a credible way forward. but as we approach a tdeadline f july 20, there is still significant gaps between the international community and iran and we have more work to do. so over the next few days, we ll continue consulting with congress and our team will continue discussions with iran and our partners as we determine whether additional time is necessary to extend our negotiations. third, we continue to support diplomatic efforts to end the violence between israel and hamas. as i ve said repeatedly, israel has a right to defend itself from rocket attacks that
companies being sanctioned by the united states and u.s. treasury will really have some weight because it is a dollar economy that basically rules. and that long term, medium and long term investments, access to loans beyond 90 days will be cut off to these two major companies and two major banks and that that will have a lot in play. also the europeans just also criticized hamas for not accepting the cease fire, but said that israel s response in self-defense should be proportional. so they also made a statement that this is just a confluence of foreign policy crises and the last thing they now need is to cut off the negotiations with iran. so i think you ll see in the next 48 hours an extension of that deadline of july 20 for the end ever the first round ever talks with iran claiming that they have made a big offer, but secretary carriry sayingthe fir talks with iran claiming that they have made a big offer, but