the spending showdown is about to go down. chad pergram following it all, a lot of details to pull together, but he s the man to do it. chad, what s happening? reporter: david, good morning. senate democrats aim to pass the climate, health and spending bill this weekend, but it may be a long weekend. we just got a ruling from the senate parliamentarian, she green lighted a provision in the bill to let medicare negotiate the cost of prescription drugs. democrats say that makes the cost of pharmaceuticals cheaper. elizabeth mcdonough has a lot of sway in process. the closer you can demonstrate a connection between what you re proposing and its fiscal impact on the federal budget, the more likely it is that it qualify for a simple majority vote out will. if i it doesn t, if it runs afoul of the rules of the road and/or is more designed to impact private sector activity reporter: on tapped today a marathon vote session with perhaps 15 consecutive hours of votes on amendme
industrial policy was wrong, but it forgot that we may not be able to get anything from taiwan, from asia, you know? this is much more serious than i think the business community thinks. so we ve got to become self-sufficient. david: you know, the president of china s about to be crowned sort of like mao tse-tung with the party conference that they re having. but and while his military is the strongest it ever has been, his economy s getting weaker because of their bad covid policies and because of the global recession, etc. does that make them more or less dangerous, the pact that their economy s right on the edge now? yeah, certainly more dangerous. you know, if it weren t for robust exports and investments from wall street into the equity markets in china, the chinese economy would completely fail. you ve got the debt crisis, the mortgage boycotts, the bank runs, you know, their economy is in contraction, and i think xi
The China Banking and Insurance Regulatory Commission has urged Chinese banks to increase loan support for real estate developers so they can complete unfinished projects