there is a roughly one in four chance that the us will hit the so called x date, when the us government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned the two sides remain far apart. republicans are warning that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of an agreement. and even if a deal is done in time, economists say that depending on the details, cuts to government spending are likely create economic headwinds that could bring down inflation a possible silver lining for the federal reserve, which has been raising interest rates to fight inflation. fed officia
has the latest from new york. there is a roughly one in four chance that the us will hit the so called x date that s when the government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned that the two sides remain far apart. republicans are warning that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. republicans are demanding that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of an agreement. and even if a deal is done in time, economists say that depending on the details, cuts to government spending
reach a deal on the country s debt ceiling, with the us house speaker kevin mccarthy saying on wednesday that negotiators remain far apart. our north america business correspondent michelle fleury has the latest from new york. there is a roughly one in clutch make chance that the us will hit the so called x date, when the us government runs out of money to pay its bills, before the dental ministries. that is according toj.p. morgan chase. they say the other any worse. debt limit raises. kevin mccarthy said he thought progress could be made but warned the two sides remain far apart. but warned the two sides remain farapart. her pub but warned the two sides remain far apart. her pub concert amending that any deal must cut future federal spending in exchange for raising the debt ceiling, a redline for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of agreement. and even if a deal is done in time, economists say
Hours of disruption, 60 million damage of the statement they have given yesterday. Given the fact ive seen these machines are highly sensitive and to be checked carefully in order to make sure that which is produced that are coming out in high quality. So when you think about the share of advanced Process Notes for the country business, this is more than 65 for the worlds production, this is basically on this island. Ai servers 100 produced in taiwan. So in this regard taiwan has learned from devastating earthquake in 1999 which was 25 years ago, where there was a power outage for almost a week before they could jump almost a week before they could jump back. This is not happened yesterday. So taiwan was better prepared to cope with the situation. Prepared to cope with the situation. , h, situation. Given there is so much chip situation. Given there is so much chip that situation. Given there is so much chip that happens i situation. Given there is so much chip that happens in | much c
about, what, six hours disruption, around about $60 million damage. that was the statement what they have given yesterday, but given the fact that i think these machines are highly sensitive and they need to be checked very carefully in order to make sure that the wafers produced there are coming out in high quality. when you think about the share of advanced processed notes for the foundry business, this is more than 65% for the world s production, is basically on this island. ai servers 100% for the usa is produced in taiwan. so i think in this regard, taiwan has learned from their devestating earthquake in 1999, which was 25 years ago, where there was a power outage for almost one week before they could turn back. this has not happened yesterday. so taiwan was better prepared to cope with the situation. given there is so much chip making that happens in taiwan and it plays such a sort of an outsized role in the chip making industry, do you think this will give other com