Inside the Capitol building in Washington, politicians and other officials are racing to defuse an explosive political issue with the potential to trigger global financial market chaos.
Which currently stands at $31 trillion. if he fails to get a deal, the government could run out of money by early next month. but republicans say they ll only agree if mr biden agrees to drastic spending cuts. earlier i spoke to keith hall, distinguished visiting fellow with the mercatus centre and former director of the congressional budget office and i asked how we got here. reason we got here is we borrow a lot of money. 0ur treasury department is sort of tasked with managing our finances and paying the bills as they come in. but a lot of the bills have to be paid from borrow with borrowed money because we just overspend our revenues. and we re doing that for a long time. and this has been coming for a while, where the accumulated borrowing has hit a limit that s been set by statute by congress and the president in the past. and once you hit that limit, treasury is not allowed to borrow any more money. so they have to start to think
The World Trade Organisation has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminium, saying they violat..
A report this week that draws on a Chinese database of thousands of potential economic and military targets provides insights into how China might mount any attack against Taiwan, with a focus on submarine internet cables vital to Taipei’s globally important semiconductor industry.
The report by George Mason University’s Mercatus Centre concludes that any attack on Taiwan would have enormous US.