Page 25 - Debt Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Accommodation made but they are going to have to get message pretty soon. the midterms are around the corner. they are next year but the campaigns are going to start pretty soon. there's an important governor's race happening in early november in virginia. we will see some of the sentiment, voter sentiment toward democrats reflected in that currently very close election campaign. you're right, they have to get the miami pretty soon. arthel: yeah, meanwhile, you have the republicans, they, you know, they can be very inflexible as you know and they can reject most things biden. i'd imagine that ...

Joining us now with a look at axios a.m., alaina drain. what is the axios one big thing for this morning? >> good morning. happy friday. the one big thing for us today is about the deficit and the debt deal that mitch mcconnell and chuck schumer struck while it passed the senate last night and it looks like we're going to be averting a default by october 18th th which is obviously something to celebrate, but at the same time, a lot of people in both parties, democrats and republicans, are really dissatisfied with this deal, or unsatisfied with this deal, i should say. democrats, a lot of them ...

>> china is a big concern right now. the lessons that we learned from 2008 when you lose money in one part of the world, that mean, you make up for it. that's what's happening here when people selling. you have the u.s. debt concerns. the treasury running out of cash in october. the federal reserve might be pulling back on the stimulus this week. of course, september is traditionally the weakest month of the year for stock markets. >> a lot of people look at this market and the incredible run-up that its had. all of the mutual funds and 401(k)s that have benefitted so dramatically for everyone...

Other countries. liberal democrats believe we need strong growth and by working with businesses, particularly small businesses and the self—employed, who create jobs and wealth, if we backed them, we could get the economic growth that would enable us to deal with the debt problem. mm would enable us to deal with the debt problem-— would enable us to deal with the debt roblem. ~ , ., debt problem. will you be borrowing more? we will _ debt problem. will you be borrowing more? we will borrow _ debt problem. will you be borrowing more? we will borrow more - debt problem. will you be borrowing...

Tier as you see. to be fair, under president trump, the debt was 26.9 trillion. trump added 6.7 trillion to the debt and there you see the numbers there. it hasn't been a concern, and yet this year's deficit bill projected to be the second largest since 1945. as it stands now. and that is just the cbo estimate. >> right, look. for most people, it's very abstract. i don't really think we have a debt problem, we have a spending problem. republicans were not good at this during their time in office before joe biden and the democrats took over. but it's going to come down to an interesting showdow...