trigger a constitutional crisis. president biden is asked for the ceiling to be raised with no strings attached, something the republicans have been unwilling to budge on. time is ticking. secretary yellen has estimated the government could run out of money to pay its bills next month. it money to pay its bills next month. , ., , , money to pay its bills next month. , ., ,, .,, money to pay its bills next month. , ., ,, , month. it is congress was my “ob to month. it is congress was my job to do month. it is congress was my job to do this. month. it is congress was my job to do this. if month. it is congress was my job to do this. if they - month. it is congress was my job to do this. if they fail - month. it is congress was my job to do this. if they fail to l job to do this. if they fail to do it we will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and the us treasury can it take to prevent that
biden has asked for the ceiling to be raised with no strings attached, something the republicans, of course, have been unwilling to budge on and time is ticking. secretary allen has estimated the government good run out of money to pay its bills by as soon as next month. take a listen. is soon as next month. take a listen. , ., , , soon as next month. take a listen. , ., ,, .,, soon as next month. take a listen. , ., ,, , listen. is congress was my “ob to do this. listen. is congress was my “ob to do this. if d listen. is congress was my “ob to do this. if they i listen. is congress was my “ob to do this. if they faili listen. is congress was my “ob to do this. if they fail to i listen. is congress was my job to do this. if they fail to do . to do this. if they fail to do it will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and us treasury could take to prevent that catastrophe.- take to prev
semiconductors, as you know, how do you thinkjanet yellen will address this? the chinese will address this? the chinese will absolutely will address this? the chinese will absolutely ask will address this? the chinese will absolutely ask this - will absolutely ask this question, of what the united states is planning to block and going into china, notjust areas of technology but this new executive order that is forthcoming, that could limit outbound investment from the united states into china and require screening of that investment. and i think that the chinese are trying to lay down some of their own, they have taken some action in restricting the sale by micron for example into china. but the new action you mention on imposing export restrictions on dally and germanium, they are trying to threaten the us and other countries to try and get us to limit the kind of restrictions we impose on china. but i think this may backfire. it may convince european countries in
clear that she thinks that would be a bad idea. at the same time, we saw the chinese earlier this week move to export two key materials used in the manufacturing of semiconductors, as you know how do you thinkjanet yellen will address this? the chinese will absolutely ask this question, of what the united states is planning to block and going into china notjust areas of technology but this new executive order that is forthcoming, that could limit outbound investment from the united states into china, and require screening of that investment. and i think that the chinese are trying to lay down some markers of their own, they have taken some action in restricting the sale by micron for example into china. but this new action you mention which is imposing export restrictions on gallium and germanium, i think the chinese
analysis on this story. earlier i spoke with katrina ell, a senior economist at moody s analytics who told me we need to see a solution as soon as possible. i to see a solution as soon as possible- possible. i thinkjanet yellen s possible. i thinkjanet yellen s warning - possible. i thinkjanet| yellen s warning does crystallise the importance that congress and the us government really does need to put their best foot forward and get this debt ceiling issues sorted as soon as possible. at the end of the day, the global economy and the day, the global economy and the us economy has gone through a loss of the past three years and this is just another potential really bad situation and if it isn t sorted out soon then the us economy will be unable to avoid a recession and the global economy will go down a dark path as well. it is the global economy will go down a dark path as well. a dark path as well. it is fair to say that a dark path as well. it is fair to say that so a dark pat