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BBCNEWS Asia July 6, 2024



here s what the leaders of both sides had to say following the high sta kes meeting. we meeting. agreed to continue our discussions we agreed to continue our discussions and we will meet again on friday. in the meantime our staff will meet today and daily between now then and everyone in the meeting understood the risk of default. our economy would fall into a significant recession and it would devastate retirement accounts, increase learning costs, according to reports nearly 8 million americans would lose their jobs. americans would lose their “obs. , ., , jobs. everyone in this meeting reiterated jobs. everyone in this meeting reiterated the jobs. everyone in this meeting reiterated the positions - jobs. everyone in this meeting reiterated the positions they l reiterated the positions they were reiterated the positions they were at reiterated the positions they were at. i did not see movement. the president said staff movement. the president said staff wou ....

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BBCNEWS Asia Business Report June 4, 2024 23:32:00

Ryan sweet is the chief us economist at oxford economics i spoke to him a little earlier and he says he s not surprised no deal was reached. this is going to be a game of political chicken. there was see which side bends first because both the root republicans and democrats recognize that reaching the debt ceiling for it this sustained basis is economically catastrophic and would be politically very damaging. when ou talk politically very damaging. when you talk about politically very damaging. when you talk about how politically very damaging. when you talk about how damaging i politically very damaging. when you talk about how damaging it is both for the economy and politics, it begs the question what will it take to get to a deal? is there any sense of how we might get to one in the next few weeks? we might get to one in the next few weeks? so, as an economist incentives few weeks? so, as an economist incentives matter. few weeks? so, as an economist incentives matter. one ....

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