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It s essential to the progress we ve made over the last few years. it s keeping full faith and credit of the united states of america, passing a budget that continues to grow our economy and reflects our values as a nation. that s why i m speaking to you tonight, to report on a crisis averted and what we re doing to to protect america s future. passing this budget agreement was critical. mistakes couldn t those stakes could not have been higher. if we fail to reach an agreement on the budget, there were extreme voices threatening to take america, for the first time in our 247 years history, into default on our national debt, and nothing would have been more irresponsible, more catas catastrophic. our economy would have been thrown into recession, retirement accounts for millions of americans would have been decimated. 8 million americans would ve lost their jobs. default would have destroyed our nation s credit rating, which ....
Following president biden s trip to japan. he landed, meetings are on, g7 is there, go live to hiroshima. ron desantis will reportedly enter the presidential race next week. on monday, tim scott will announce his bid, mike pence next. family pursuing legal action against a student that wore a shirt that said there are only two genders. and claims from prince harry and meghan markle about a two-hour high-speed chase in new york city, they said it was near catas catastrophic. let s see about that. texas senator ted cruz will be here live, ashley hinson, dave ....
Compared to 2020, according to open table. the 28.6 billion dollar restaurant revitalization fund or rrf saved many restaurants from closing last year, but with nearly 300,000 applications, only about a third got funding before the money ran out. the only reason i m not closed at my restaurant right now is that we did, we got a grant and it s helped us get through this moment. reporter: in a letter to congress, the restaurant coalition and 30 mayors are sounding the alarm calling for the rrf to are replenished for the nearly 180,000 applicants who missed out. without it, they say it will be catas catastrophic. the financial hit to the country is huge when you lose restaurants, to the neighborhood, to the community, and to the job market in general. reporter: in new york city, gotham bar and grill survived 37 years, but with reservations down 80%, managing partner brett ....
Trillion curtailed. what you heard spoker pelosi suggest, maybe it s not 3.5 trillion. maybe there s negotiation. the reality is at a minimum we need a stopgap measure to get ourselves at a minimum through december. as treasury secretary yellen said, october 18th is when we are in catastrophe mode. i ll take september. one thing folks don t talk about, the reality of not being able to pay our bills, think about that. the two largest holders of our debt are japan and china. the consequences to the global economy, the contagion would be catas catastrophic. it seems like a bad idea. yes. good to see you. good to see you. what we are learning about ....