Hill. Kevin mccarthys inability to satisfy his farright members is leading to a move by matt gaetz to take away the gavel. The only way that Kevin Mccarthy as speaker of the house at the end of this coming week as if democrats bail him out. I think they probably. Well bring it on. Lets start governing. If he is upset because he tried to push a shut down, then lets have that fight. President biden speaking a short time ago for the First Time Since the vote with a clear message for republicans in congress. Enough is enough is enough. This is not that complicated. The brinkmanship passed and. There shouldnt be another crisis. So while there is no shot down, there is a crisis coming on two fronts today. You have the covid era subsidies for childcare, they are relieving thousands of families without the money for daycare. Also ending the freeze on Student Loan Repayment payments that threatens to show people back into financial and security if they cant come up with that money. Theyre cover
just look in your closet and anybody watching today look at your shirts, your pajamas probably made in china, maybe vietnam, maybe bangladesh. 98% of all american clothes are manufactured overseas and they do it quick and they do it cheap. and if you want to know just how cheap, the institute for global labor did a study. they took an american company and a company in bangladesh and said we want to see how much you could make the same demen shirt for. exactly the same. absolutely everything. and the u.s. company said, $13.22. that is what it would cost to make that one shirt. the one shirt in the u.s. and the bangladesh company, wait for this, $3.72. and that s because of the labor conditions? and that s because of how cheap the labor is. so, if you just want to look at labor, the labor on that shirt in the u.s. would be $7.47.
Bangladesh to quote to make a denim shirt. now, the usa factory said it would cost $13.22 to make the shirt. the bangladeshi factory said $3.72. strip out shipping and all the other things and you end up with basically two major components, materials of course, which in the u.s. are $5. in bangladesh, $3.30. and what a discrepancy in terms of percentage of total cost. and now throw in that other big element, labor. $7.47, 57% of the cost in the u.s. but in bangladesh just $0.22, just 6%. we see quite clearly materials are the big issue, labor minor when it comes to developing countries. but in the developed world it s labor that becomes the big cost. factor it all in together and
Early tomorrow morning, top left, there you go, we ve crossed $13.2 trillion. we ll be at 13.22 by the end of tomorrow or early into thursday morning. we re adding to the decifit. you can definitely say that. martha: i mentioned, we all remember not too long ago, they passed pay go where you have to pay for everything as you go along. i don t know things have i don t know how many things have actually fallen into that. everything is actually an emergency. pay as you go doesn t apply. martha: stuart varney, thank you very much, coming up in a few minutes on the fox business network. bill: we are awaiting the arrival of actress lindsey lohan at a beverly hills courtroom, a troubled star due to arrive in a few hours, two weeks after she was sentenced to 90 days in jail for violating her probation and now she goes behind bars but for how long, we wonder. casey siegen is up early, beverly hills, 6:00 a.m., what do we expect, casey. good morning, good to see