affair heats up as russia announces a new set of sanctions targeting trump critics. and stacey abrams joins me. we begin tonight with the old bait and switch, we re one week away from a potential default on the national debt, every economic expert agrees would be catastrophic for our economy resulting in millions of americans becoming unemployed. interest rates on your homes, cars and credit cards shooting through the roof and a major punishing recession, a meeting between president biden and house speaker mccarthy at the white house is still ongoing as the clock ticks down to find some agreement to avert economic disaster. treasury secretary yellen warned again of an economic default saying it s highly unlikely the u.s. will run out of cash if the debt ceiling isn t solved by this. lyndon johnson was a united states senator for 12 years, quote, if you can convince the lowest white man that he s better than the best colored man, he won t notice you re picking his pocket. th
rate by 3/4 of a percentage rate and we expect ongoing increases will be appropriate. hello and welcome. thursday, september 22nd. 9 a.m. in london. 4 a.m. in washington and new york. he faces a new lawsuit and unprecedented number of investigations. it ruled the justice department can resume the criminal investigation and review of classified documents seized from his mar-a-lago home and resort during an fbi search. that coming hours after the new york attorney general announced a sweeping lawsuit against three of trump s children and trump himself. they re accused of staggering amounts and they say the disclaimer was included on loan applications. it basically says to an institution. you are going to loan money, you have to make sure you get your own appraisers, own lawyers, everything. these are banks that have the best lawyers in the world, shawn. by the way, they got paid back. just so you know. everything was paid back? nobody got harmed? i never got a default.
yeah, the last time they brought us to the brink of this in 2011, moody s downgraded the u.s. from aaa-plus to aaa-minus and this was catastrophic, that sent wall street tumbling and it was a disaster, that was close to a default. i want to talk about that policy difference. republicans are insisting that the only way they re willing to raise the debt limit is if they get work requirements, let s start with facts, work requirements are already law, you can t get food stamps you have to be working unless you re taking care of a disabled person, you re a child. when they say they think people who are getting quote/unquote welfare aren t working that s a lie. yes, i think everything about the house republican budget package is a lie, the whole thing is completely ridiculous and cooked up.
caused a panic on wall street, we don t our arms around this, director, brennan, right the damage that can be done by something like this, especially, you know, on twitter that s in the hands of a maga republican who s s.w.a.t. people people for fun. a.i. clearly can do a lot of things that will beneficial to humankind, but it s a double-edged sword. those trying to disrupt our lives can do imageable harm by utilizing a.i. in a manner that undermines our safety, our security, and our psychology, these things get into the viral stream it will have repercussions. we haven t come to grips with all of the implications of it.
which says it is considering null sanctions, an eighth package of sanctions in russia. very interesting to see all of the reaction to this in the last 24 hours. claire, thank you. well, more than 250 pows are free again following a prisoner swap between ukraine and russia. the exchange, they fought a grueling battle while being hold up at the plant for weeks before surrendering in may. in return 55 prisoners went from ukraine to russia. the swap involved 10 international prisoners of war seen here arriving in saudi arabia which helped broker the exchange. they include two americans, a moroccan, and swedish national. coming up, another aggressive move by the u.s. federal reserve to tame inflation sent wall street tumbling and a check of the global markets when we come back. plus, islands in the