Page 18 - Debt Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You have seen stress build—up in the financial system over the last two years. financial system over the last two ears. �* financial system over the last two ears. . , ., ., years. are you finding that the economic _ years. are you finding that the economic environment - years. are you finding that the economic environment that i years. are you finding that the | economic environment that we years. are you finding that the i economic environment that we find ourselves in now, high inflation, high interest rates, is making the debt problem worse? the high interest rates, is making the debt ...

We have not yet seen that lack of payment transfer over into things like mortgages and consumer credit to a degree, although you've seen stress build up in the financial system over the last two years. are you finding that the economic environment that we find ourselves in now, high inflation, high interest rates, is making the debt problem worse? so, the answer is yes. what we see is over time and across countries, are comparative of who is in a more difficult situation and who isn't. when we look across all of europe, it's absolutely getting worse across the board, but it's very different by...

To fix the debt problem, in eight years, that was a joke at the time, but he has zero credibility on this issue. four years of his presidency, the debt went up by nearly eight trillion dollars, 25%, a quarter of the problem we are dealing with today's due to donald trump's presidency. that is why even republicans rushed out and was saying, this in vowing the comment saying we cannot keep, full even how speaker mccarthy was distancing himself from those remarks that donald trump said. all you need to, now he's not a leader in this issue at all. >> in fact, this tape of him as president of the u...

Simply bury it in the appropriations process. i don't think they can get away with that this time. paul: kim, it seems to me that the administration could do something like cut a deal with mccarthy, you know, take two or three of his reforms and then they agree and then mccarthy has to sell it back to his members. so put the onus back on him to have to deliver his members. but give him something he can go back and sell. >> well, that would be the smart political move, or paul, not just from the politics as you mentioned, but also i think it would look good for biden because this is very popula...

One party or the other. looking for true leadership and someone needs to step forward and make it happen. there is a looming deadline date if we're not able to pay our bills and therefore has to get done. >> todd: if we don't solve the debt problem now, stop kicking the can down the road, severe implication from national security to economy to everything, are almost too incomprehensible to imagine. same with the next topic. 20 countries shown interest in joining china and russia anti-dollar alliance hoping to weaken u.s. currency. this is not a theory, it is happening. the train has left the s...