This is gps the Global Public square. Welcome to all of you in the United States and Around The World. Im Fareed Zakaria coming to you from aspen, colorado. Today, an extra special program with three, yes, three former secretaries of the treasury. First, ill talk to Henry Paulson and Timothy Geithner about the state of American Politics and the downgrade of the uss Credit Ratings and the struggles of the chinese economy and then robert ruben talks to me about how to make hard decisions and what a yellow legal pad has to do with that skill. Finally, david burn came to fame with his new wave band talking heads, some 40 years ago. Ill talk to him about his latest wave of creativity which includes a musical about former fill pina first lady Imelda Marcos. Performed in a Broadway Theater thats been transformed into a disco. But first, heres my take. For years American Politics has been shaped by the idea of the china shock. The term coined by three economists in a paper captured the widespr
president biden and u.s. house speaker mccarthy reach a tentative deal to raise the debt cree but will they be able to sell it to skeptical lawmakers on both sides of the aisle? and polls open in turkey. we re live in istanbul as voters began casting their ballots in the country s historic presidential runoff. plus, fueling speculation. ukraine s top commander releases a video that has many wondering if the country s counter offensive could be imminent. we begin in the u.s. with a late night agreement to try to prevent a disastrous debt default. the white house and republicans say they ve agreed in principle to raise the u.s. debt ceiling and cap government spending. u.s. house speaker kevin mccarthy is hailing the deal as a breakthrough that was reached after a flurry of crisis talks. after weeks of negotiations, we have come to an agreement in principle. we still have a lot of work to do, but i believe this is an agreement in principle that s worthy of the american peop
issuing a warrant for vladimir putin for alleged war crimes, putin ice response to that and what the odds are that he actually gets arrested. plus a $30 billion lifeline, how big banks are stepping in to save a smaller one from financial ruin and helping to stabilize the u.s. economy. it s thick in the summertime and builds up and smells terrible. it s heading to the u.s. what we know about the 5,000-mile-long mass of seaweed making its way to the coast and what it will do to the tourism industry. for the second time ever plus another stunning upset in the ncaa tournament. a huge undered to do, 16 seed knocking out a number 1 in the first round of the tournament. our andy scholes is standing by with the highlights. the international court has issued arrest warrants for vladimir putin and the country s children s rights commissioner in an alleged scheme to deport ukrainian children, thousands of them, to russia. of course, moscow rejected those allegations. a spok
we start in the uk, where we now have a new finance minister after a night of high political drama. the former chancellor rishi sunak handed in his resignation on tuesday evening, citing a failure of leadership from the prime minister in his handling of the latest political scandal. this left the top finance job up in the airfor a few hours before nadim zahawi was appointed as the new chancellor of the exchequer. this comes at a critical time for the economy as the uk grapples with a cost of living crisis and rising inflation. this was acknowledged in rishi sunak s resignation letter. he said: now, this is being read by some as a defence for current high taxes which could mean that the new man in the job may have been brought in to change that. so what can we expect from the new chancellor? i m joined byjustin urquhart stewart founder of the investment platform regionally. justin, platform regionally. good morning to you. so, justin, good morning to you. so, let s talk abou
systematically being replaced by other races. he s not alone. why are these demographic fears going mainstream in countries around the globe? i ll talk to two experts. but, first, here s my take. president biden says that combating inflation is his top domestic priority. but he certainly isn t acting that way. he has in plain sight several members that would reduce inflation significantly, and yet appears hesitant to do them. as many distinguished economists have noted, the repeal of most or all of donald trump s tariffs would be the single most effective way of reducing inflation 2349 near future. as a reminder, a tariff is a tax on goods paid by the american consumer who buys those goods. it is by definition inflationary. it raises the price of the good like an imported car. but it causes even more inflation than that because it raises the price of the domestically made equivalent good as well. if a mazda sells for more, ford and general motors also raise prices on thei