Remember thatjust like most americans who have credit records when they want to borrow money and find out how much debt they can take on, the Us Government also gets a credit rating. When it gets downgraded like this, the potential long term effect as it could push up the cost for the Us Government of borrowing money, and in turn that might long run push up taxes, it could mean less spending by the government and could mean fewer government and could mean fewer government programmes in the future. We are not there yet, but that is the underlying fear. If you look at what they are trying to address here in this downgrade, or one of the concerns they cite, it is a problem that exists both in the past but also in the future, and that is rising Us Government debt. At the moment Us Government debt stands at in excess of 30 trillion and it is expected to exceed the total size of the us economy at some point. With that in mind, with this problem in sight, and with the political disunity we ha
Get a jump on the days news with Christine Romans and Dave Briggs. Many are linked to iran for card fated manipulation. It comes after microsoft took control of websiteles. Republican california congressman Duncan Hunter and his wife will be arraigned in Federal Court tomorrow, fooling their indictment on 250,000 in campaign funds. The stinging indictment alleges the hunters knowingly conspired with each other, if one instance, buying clothes a at a golf course and reported the purchase as balls for Wounded Warriors. House Speaker Paul Ryan has removed him from Committee Assignments during the case. Hunter was the second member of Congress To Support President Trump. First, Chris Collins was recently indicted on insider trader charges. Details about this. Mollie tibb etc. Is somebody people wanted to find. People started weeping very loudly, very upset about the details of. This from what they know, there was a under Surveillance Camera in the neighborhood. They started going through h
i spoke to leandro vilain from oliver wyman brazil he said that some areas of inflation remained resillient. the inflation here in brazil started to increase last year in brazil was one of the first countries in the world that raised the interest rate in order to control the inflation. however, we were noticing on the last three months that we are noticing this these inflation reduction. and with inflation on its way down, that gives, as we said, the central bank a little bit more room to maneuver. what are you expecting in terms of a rate cut? because it does feel at the moment that that is running contrary to what we re seeing in a lot of other economies around the world. yeah. in fact, probably brazil today, we have today the central bank will have the monetary policy meeting committee today and probably the market expecting the interest rate reduction by 0.25%.
resillient. there are threats, trade war, reeseing inflation, overall the experts say this has more room to run. the u.s. stocks lower, politics thinking stocks with top aides to the president were convicted in federal court. that shook investor confidence. president trump does not expect anything to come of it, he told reuters. a chinese delegation heads to washington today just as the u.s. prepares its next round of tariffs. that s right the u.s. begin collect on goods tomorrow, beijing said it would strike back dollar for dollar. uber afreed to pay $1.9 million. settling claims of gender and harassment and pay. uber has been working to fix pay disparities, to ensure all are paid equally regardless of race or gender. that s important as uber goes public, helping uber prep, it