case, but what we know is this, the irs whistle-blower s lawyers have written to members of congress saying that the whistle-blower and his entire team have been removed from the ongoing and sensitive investigation of the high-profile controversial subject about which our client sought to make whistle-blower disclosures to congress. the whistle-blower previously alleged political interference in the investigation of that high-profile, controversial subject who fox has been told is hunter biden. as for the whistle-blower s removal from the investigation, his legal team says its client, was informed the change was at the request of the department of justice. the move was condemned as retaliatory action by house speaker kevin mccarthy who said by a twitter that republicans on the house, weighs and means committee, will expose any possible cover-up at the irs and republicans will protect the whistle-blowers who shine a light on government misconduct. congressman richard nea
We begin with china s evergrande because the slow motion collapse of the world s most indebted property developer has entered a new stage. evergrande has filed for bankruptcy protection in the us as the company pursues a prolonged restructuring agreement with international creditors that hold billions of dollars in bonds. according to the financial times, evergrande has liabilities of $340 billion. last month, it unveiled losses of $81 billion over 2021 and 2022 period. meanwhile, another major developer, country garden, has warned it may not be able to make interest payments on bonds as it struggles to find the cash to finish projects around the country. duncan wrigley is chief china economist at pantheon macroeconomics.
I m aaron heslehurst. we begin with china s evergrande because the slow motion collapse of the world s most indebted property developer has entered a new stage. evergrande has filed for bankruptcy protection in the us as the company pursues a prolonged restructuring agreement with international creditors that hold billions of dollars in bonds. according to the financial times, evergrande has liabilities of $3110 billion. last month, it unveiled losses of $81 billion over 2021 and 2022 period. meanwhile, another major developer, country garden, has warned it may not be able to make interest payments on bonds as it struggles to find the cash to finish projects around the country. duncan wrigley is chief china economist at pantheon macroeconomics.
Made to people that should not have received them. in fact, last year alone the federal government according to the report improperly doled out $247 billion. that s more than $20 billion per month or enough to pay for five years of u.s. foreign aid to all countrie report. listen to this. what s your stake in the biden administration mistakes? for every man, woman and child across the country it was $850. if you re out there as a family of four, your share, your stake in the biden administration mistakes is $3 thousand 400 and that s equivalent to two average mortgage payments. the worst programs that are responsible for the improper payments last year are medicaid improperly issuing $81 billion. medicare paying $47 billion. and the small business administration s covid era paycheck protection program paying $29 billion improperly.
$81 billion in 2025. the total savings, if spending then returned to its regular levels, it s end up saving about $860 billion. i ll be the first to say that over a decade, they need to save a hell of a lot more than that. we have a $31 trillion debt, and it is going in the wrong direction. the irs, the callback is going to eat into tax collection agency efforts to cut down on rich tax cheats, says the new york times. all in all, again, there are things in here, willie, people on both sides don t like, but it s a compromise. that s actually how you legislate. that s how grown-ups legislate. shouldn t be exceptional. this is what happens in washington, serious people get together and get a deal to avoid the economy from cratering. that s what happened. in these day, we have to point out when the right thing happens. let s bring in the chair of the new democrat coalition, annie