Stay updated with breaking news from 00 trillion. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
there is not one solution here. there is not one solution here. there have got to be many solutions that add up to addressing this problem otherwise the problem is going to overwhelm us.— problem otherwise the problem is going to overwhelm us. thank you very much- _ going to overwhelm us. thank you very much. thank _ going to overwhelm us. thank you very much. thank you _ going to overwhelm us. thank you very much. thank you for - going to overwhelm us. thank you very much. thank you for the i very much. thank you for the opportunity- _ very much. thank you for the opportunity. going _ very much. thank you for the opportunity. going to - very much. thank you for the opportunity. going to throw i very much. thank you for the | opportunity. going to throw a very much. thank you for the - opportunity. going to throw a number at ou. opportunity. going to throw a number at you- $200 — opportunity. going to throw a number at you. $200 trillion. _ opportunity. going to throw a number at you. $200 trillion. it _ opportunity. going to throw a number at you. $200 trillion. it is _ opportunity. going to throw a number at you. $200 trillion. it is huge i at you. $200 trillion. it is huge sum and, according to the financial information firm, it is how much debt the world holds. it is at record levels, nearly three times the size of what the global economy produces in a year. and some are warning it will only get worse because of the impact of rising inflation and interest rates. so how much of a struggle does all of that make it for us to pay our bills, loans and mortgages? i have been speaking to the boss of europe's biggest debt collection agency. thank you very much forjoining us. ijust want to thank you very much forjoining us. i just want to ask you, first, what your company does. how does it work?
soaring around the world, global debt has set a record. $300 trillion. so we will hear from the boss of europe's leading debt collection agency about how it balances the need to recover cash for its clients with peoples ability to pay. wherever you arejoining me from around the world, once again, a big hello and a warm welcome to the show. getting older is something that happens to all of us butjust how are we as individuals and as a society going to pay for it? this year, france has seen high profile and often violent demonstrations about government plans to address exactly that question but the french are not alone. across europe, as well as in the us and injapan and many other countries, our populations are getting older at a time when the global economic system has undergone a series of major
to balance the books. plus, with the cost of living soaring around the world, global debt has hit a record $300 trillion. so we'll hear from the boss of europe's leading debt collection agency about how it balances the need to recover cash for its clients with people's ability to pay. wherever you'rejoining me from around the world. once again, a big hello and a warm welcome to the show. getting old is something that happens to all of us. butjust how are we as individuals and as a society going to pay for it? this year, france has seen high profile and often violent demonstrations about government plans to address exactly that question. but the french aren't alone, across europe as well as in the us and japan and many other countries. our populations are getting
more for their own retirement. so there's there's not one solution here. there's got to be many, many solutions that all add up to addressing this problem. otherwise, this problem is going to overwhelm us. mark zandi, thank you very much. sure. my pleasure. thank you for the opportunity. i'm going to throw a numberat you. $300 trillion. it's a huge sum. and according to the financial information firm s&p global, it's how much debt the world holds. it's at record levels nearly three times the size of what the global economy produces in a year. and some are warning it will only get worse because of the impact of rising inflation and interest rates. so how much of a struggle does all of that make it for us to pay our bills, loans and mortgages? i've been speaking to the boss of sweden's interim europe's biggest debt collection agency, andres rubio, thank you very much
our disposal is passing a law to put in caps. that's when this does and in the past it saves money. >> sandra: for those 35 gop nos out there we know of so far, they are responding to the case mccarthy has made it's a conservative bill. you say it's a step in the right direction, you and your colleagues like congressman steil acknowledging it's not perfect. here goes mccarthy live. see if we can catch anything here. let's listen for a second. ok, did not catch him again. but congressman, to your conservative colleagues' points, are you settling? >> hey, look, not at all. so look, you can have people out there saying hey, look, i want to save $100 trillion in savings and all these other things. but the reality is, you got to look at the options that are actually available to you and the options that are available
acknowledge he is spending too much money. >> the house speaker saying increased spending next year. >> the president is not out of touch at all. i laid out at the top what the president's budget looks like, decreasing the deficit by $100 trillion over a decade. >> from other world leaders in our debt ceiling talks. the lack of a deal cost the president stature? >> not at all. >> reporter: she's not like the last question. the president cutting the trip short, he's leng. pete: biden endorsed the plan to train ukrainian pilots on the f-16. it will take 16 months at its quickest. says something about how long they think the war will go on. some of the topics of the g7 as
>> yeah, but if you were to try to implement all the democrats' policies, forget about raising taxes, you can confiscate 10% 0% of the wealth and still not have to have enough to pay everything they want to do. $14 trillion, why not ask for $100 trillion. now we are at this league, why did you stop at $14 trillion. now you have people who are here in america, first generation immigrants, hispanic, they are asian, they came here from the dominican republic, jose alva who got attacked in manhattan. first generation immigrant stories, are you saying that cory bush is she saying that these individuals owe her money for something that happen add long time ago? i want to see the united states of america be one where we are not stuck in two corners of red and blue and that because of triballallism, we can't work together, we can't compromise, we see with the debt limit and this is not uniting at
which children live, which children die. and so, our classification system, we reach the most vulnerable first, when we don't have enough money. and you think about the fact there's $400 trillion worth of wealth on planet earth a day. how in the name of god can we be in this situation where we don't have enough food to feed hungry children? and let me add right here, because you were mentioning the rohingya, in afghanistan right now, we literally just cut 4 million people in ipc level four. in other words, they're knocking on famine's door. 50% rations. syria, we're running out of money there. i can go on and on where we're running out of money. short—term crisis, but we need long—term solutions, which include, of course, ending wars. you've done this for six years. does it weigh heavily on you, those sorts of choices? it does. it really does. it's heartbreaking when i go... and, you know, ithink one of the most difficult questions i've ever been asked is, "how do you stay positive?" you know, when you're at the headquarters or the un meetings or capitals,
i don't go to bed at night thinking about the children we save, i go to bed at night heartbroken about the children we couldn't save, and we don't have enough money, sarah, we have to choose which children eat, which children don't eat, which children live, which children die. and so, our classification system, we reach the most vulnerable first, when we don't have enough money. and you think about the fact there's $400 trillion worth of wealth on planet earth a day. how in the name of god can we be in this situation where we don't have enough food to feed hungry children? and let me add right here, because you were mentioning the rohingya, in afghanistan right now, we literally just cut 4 million people in ipc level four. in other words, they're knocking on famine's door. 50% rations. syria, we're running out of money there. i can go on and on where we're running out of money. short—term crisis, but we need long—term solutions, which include, of course, ending wars. you've done this for six years. does it weigh heavily on you, those sorts of choices? it does. it really does. it's heartbreaking when i go... and, you know, ithink one of the most difficult questions i've ever been asked is, how do you stay positive? and, you know, when you're
things done as well in this congress. and an old friend of mine, when i was up in the senate for 270 years, knows what i'm talking about. we passed more legislation than any congress in history. the infrastructure law, that was a $200 trillion bill reagreed on. the chips in sicience act, costing $300 billion to build these new fabs, factories to make chips, which we invented here in america. the pact act, which is to save the families and keep our commitments to all of those who found themselves in real trouble.