Threaten world interests oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we havent seen in our lifetimes. Saudi arabia is urging the u. S. To continue talks with the wrong with the hopes of reducing some of the political strain on the strait of hormuz the worlds most vital shipping route for oil almost a 5th of the planets crude passes through it making riyadhs warning all the more urgent. Singapore is asias undisputed oil hub lets go over to our correspondent there andrea hang and read just how high are the political risks considering that the Oil Prices Going down today. When fest is. About whats going on in the world today particularly with the u. S. China trade tensions ahead of the washington talks that were going to be seeing in the next couple of weeks or so and that oil prices to drop some one percent today now this is all top of the fact that chinas economy is still looking very weak even though it costs a relatively positive factory a
Him. We have got buildings named after him. Why dont we see what he said about default . And just know, when he was president , republicans and democrats raised the debt ceiling no less than 18 times, i say to my friend. 18 times we raised the debt ceiling because, yeah, we had a debt from prior bills and Ronald Reagan said send me a debt ceiling increase. Look what he says. He said the full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic Financial Markets and the value of the dollar. Ronald reagan, 1983. And thats when our economy was much smaller than it is today. So how does the party of Ronald Reagan now get us to this point where three days were about to default . I didnt hear one word out of them when they decided to put two wars on the credit card and a huge tax break for billiona
Leader of the house . Were in a bad place. The fight was about defunding obama care. All of us are talking about spending. The republicans will have to admit they lost this crazy fight. How do you tell youre losing in american politics . Sarah palin. Sarah palin is standing right beside you. Is this anyway that a commander in chief would show his respect . Thats how you tell youre losing. The tea party republicans. Isolated and ted cruz is going to try to do us in. The president who bows down to allah. Total an arky and chaos. Well this is awkward, but the government is shut down. This whole shot dun has been completely unnecessary. On day 14 of the federal. But in fact two more 90 to nothing. The Senate Confirmed madeleine as a u. S. District judge in northern alabama and by unanimous consent, that is without any bothering to have a roll call vote, the Senate Confirmed andrea wood as a u. S. District judge in the Northern District of illinois. Mitch had to work behind the scenes for w
The fight was about defunding obama care. All of us are talking about spending. The republicans will have to admit they lost this crazy fight. How do you tell youre losing in american politics . Sarah palin. Sarah palin is standing right beside you. Is this anyway that a commander in chief would show his respect . Thats how you tell youre losing. The tea party republicans. Isolated and ted kramcruz is going to try do us in. The president who bows down to allah. Total an arky and chaos. Well this is awkward, but the government is shut down. This whole shot dun has been completely unnecessary. On day 14 of the federal. But in fact two more 90 to nothing. The Senate Confirmed madeleine as a u. S. District judge in northern alabama and by unanimous consent, that is without any bothering to have a roll call vote, the Senate Confirmed andrea wood as a u. S. District judge in the Northern District of illinois. Mitch had to work behind the scenes for weeks with harry reid to quietly bring thos