difficult to self but for questions and challenges ahead as he grapples to get the economy into better shape. to get the economy into better sha e. ., , to get the economy into better sha e. . , ., , , to get the economy into better shae. . , ., , , ., shape. that is right, and this is a cuestion shape. that is right, and this is a question economists shape. that is right, and this is a question economists have - shape. that is right, and this is a question economists have been l shape. that is right, and this is a - question economists have been asking for months. if he were to win another five years, what would it mean for the struggling economy? inflation tapped out at 85.5% last october. it has since come down, it is about 44% now. what is he going to do with the next five years and what is he going to do in the next days and weeks? he is almost certainly going to restructure his economic team, finance team. there is speculation about whether we will see familiar faces
at verisk maplecroft. if erdogan continues down this path of policy that he has embarked upon, do you think turkey will be defaulting on its debts any time soon? thank ou. its debts any time soon? thank yom yes. its debts any time soon? thank you. yes, well, its debts any time soon? thank you. yes, well, the its debts any time soon? thank you. yes, well, the turkish - you. yes, well, the turkish lira partly as a result of economic policies under the current turkish government has lost about 80% of its value over the past five years. and in the lead up to the election, one of the ways in which the central bank was holding it off was drawing on its foreign exchange and gold reserves. although that props up the lira it is not necessarily sustainable in the long term and if turkey is no longer able to finance imports or to service its external debt it could end up default. there are corrective actions the turkish government can take to try and hold off that risk but we have
american energy ban federal regulations. that last point is what you may hear people describing as congress cannot pass regulations or legislation that adds to the deficit without making equivalent cuts elsewhere. to help us understand if this deal is any good we are joined now by someone who definitely understands how to read a budget, former entrepreneur and now of course 202024 presidential candidate. your reaction to this deal. i think it is a positive step forward. i think it is premature to celebrate too much, steve. funding for the irs. it was 80 billion came down to 78 billion instead. i think this was a victory, an incremental victory. this is just the first step of if the republicans take control of the white house and the senate what we will do is actually shut down the administrative state. that is really where the keys to the kingdom are. i will give kevin mccarthy credit for that but i don t want to celebrate too much. very funny you should say that because
the government t spends every year is codified as mandatory, n meaning there s no review no process, no checks and balancecs ,just a blank check and no the e balancing the checkbook. we live in a society wherend obc laziness and obesity can qualify you for a disabilityfora check from the government paid for by us working americans . u sin fact, nearly two thirds of the money spent by our government last year went to social welfare programs, according to democrats , likeof f congresswoman sheila mccormick of florida, to even mention challenging these programs is to be heartless and void of empathy.void of empathy empathy. when someone chooses but when someone chooses getting high over being a father to his children, what pity is he owed ? when a woman uses a chronic sprained ankle to stay on social security disability, d she an invalid or using discomfort to scam the system? m or when the son of a vice president spends his time and money on and blow, is he an addict in need? o
but is it expected to pass? hi the very latest from capitol hill, all thingswashin hitchhiker s guide to washington, d.c. in the swamc., inp cad program is t us . chad, what s going o on ? we expect this to pass, don t we? yeah, sean , good evening.go in fact, we think that they re going to start this 3 mn vote here in the next two tout three minutes. they started this debate at seven , 17 eastern time. and we think thi the actuankl rl call vote is going to come any. minute here. so it s pending. dwe do o expect a bipartisanrs to vote coalition of democrats and gop . house speaker kevin mccarthy members to vote yes. house speaker kevin mccarthy made the closing argumen tt. he said don t let the perfect be the enemy of the good. i could say i m going to vote no because there s something re summnot in the bill. if i took that philosophy, i would never vote yes . i simply read the bills in front of me and decide, is this good for the country? i would say that answerhat an is