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Moments. you're also covering at axios, what we are all referring to as a september to be remember, along with the anniversary of 9/11, what are the other significant milestones washington is facing this month. >> it's a wild month. it's ten years ago, that we had to downgrade because congress couldn't get its act together in terms of the budget, debt limits and our appropriations project. you have the infrastructure bill that need to get done. you've got the debate about the fed chair, you're going to come up against the debt limit, a bunch of resolutions you have to pass, gives you the possi...

Going have to deal with regarding budgets and debt limits. and once we get out of this year and into 2022 we're into mid-term season and the clock really has run out on president biden trying to get through a domestic agenda, so it's going to be a crucial two weeks in congress to see what they're able to pull through, and, you know, not to be overdramatic but what happens in the next two weeks could potentially spell out a lot of what the fate of president biden's domestic agenda is going to look like over the next 3 1/2 years. >> weighty words. and there you have it, our fearsome threesome, o...

Introduction Unexpected shocks may tip countries with elevated fiscal vulnerabilities into default. The literature has emphasized the role of macroeconomic and financial shocks, such as a decline of commodity prices (Reinhart et al., 2016) or banking crises (Baltenau and Erce, 2018) in shaping sovereign risk. However, other types of shocks, such as political events or natural disasters, are equally important. 2 Extreme weather events appear especially salient in light of the key role played by natural disasters in recent sovereign default episodes (i.e. Grenada 2004, and Antigua y Barbuda 200...

Somebody had to do it. so i am taking on china on trade. you know what? we are winning. >> bret: the president said the trade deal will probably be struck with china but it must benefit the u.s. the congressional budget office is upping this year's expressions of federal deficits. they projected the deficit will exceed a trillion dollars next year. the office says its projections stem from recently enacted legislation that lifted the nation's debt limits and cuts to defense and nondefense programs. the stocks were up today. the on-going lawsuit by congress democrats against president

We got to this point where sequestration was born by the way is when we went past the debt limits and there was a concern about whether or not the u.s. will default on its debt and the markets plunge. i think the point is we don't want to hit that point once again and this is an extension for two years so we don't have to battle for short-term spending bills over and over. neil: this isn't a done deal. this doesn't avoid the spending, the 12 measures that have to be voted on one at a time so we could still face problems but that's not likely to be the face , right? >> well getting something un...