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BBCNEWS Asia Business Report June 4, 2024 00:35:00

Called reckless spending in a speech at the new york stock exchange. that debt limit of $31 trillion was reached earlier this year prompting the introduction of special temporary measures to allow it to continue borrowing but these are due to expire injune. i spoke to the head of public policy at pimco and she explained the implications in the immediate term. the implications of a debt ceiling breach would be catastrophic. we have never seen that though, before, so it is a bit anyone s gas. the federal reserve and some other macro policy folks have sort of estimated what the impact would be including potential large drawdown of the s&p 500, a 30% drawdown according to the federal reserve in a study that they did in 2013 and of course an increase in interest rates but this is all hypothetical. we have not actually seen a breach of the debt ceiling. i think really importantly, we don t think we will see a breach of ....

Debt Limit , New York Stock Exchange , 1 Trillion , 31 Trillion , Debt Ceiling Breach , Public Policy , S P 500 , Debt Ceiling , Interest Rates ,

BBCNEWS Asia Business Report June 4, 2024 01:37:00

The implications of a debt ceiling breach would be catastrophic. we have never seen that though, before, so it is a bit anyone s guess. the federal reserve and some other macro policy folks have sort of estimated what the impact would be including potential large drawdown of the s&p 500, a 30% drawdown according to the federal reserve in a study that they did in 2013 and of course an increase in interest rates but this is all hypothetical. we have not actually seen a breach of the debt ceiling. i think really importantly, we don t think we will see a breach of the debt ceiling. there is no political incentive to actually take the debt ceiling over the deadline and we think that there will be a resolution, albeit probably not until the 11th hour like we have seen with. ....

Debt Ceiling Breach , Debt Ceiling , Interest Rates , S P 500 ,

BBCNEWS Asia Business Report June 4, 2024 23:35:00

Political and economic tensions have again with the us house of representatives criticising president biden a0 because reckless spending in a speech at the new york stock exchange. the us treasury reached its debt limit of $31 trillion earlier this year and prompting the introduction of special temporary measures to allow her to continue borrowing but this is due to expire injune and i spoke to the head of publics policy and the implications in the immediate terms stability implications would be catastrophic and we have never seen that before. ﬁnd catastrophic and we have never seen that before. seen that before. and it will be anyone s seen that before. and it will be anyone s guess - seen that before. and it will be anyone s guess in - seen that before. and it will be anyone s guess in terms| seen that before. and it will. be anyone s guess in terms of the policy and folks estimated what the impact would be including potential large drawdown in 30% drawdown according to the fede ....

Us Treasury , Debt Limit , House Of Representatives , New York Stock Exchange , 1 Trillion , 31 Trillion , Publics Policy , Terms Stability Implications , Interest Rates ,

Illegal Off-Road Activity At Lake Roosevelt NRA

Law enforcement rangers were recently dispatched to illegal dirt bike and ATV activity on the drawdown at Lake Roosevelt National Recreation Area. ....

United States , National Park Service , Lake Roosevelt National Recreation Area , Lake Roosevelt National Recreation , Lake Roosevelt , Federal Regulations , Species Act , Archaeological Resources Protection Act , National Recreation Area , Illegal Activity , Illegal Dirt Bike Activity , Illegal Dirt Biking , Illegal Atv Activity , Washington State ,

BBCNEWS Asia Business Report June 4, 2024 01:40:00

Investment activity supported ijy investment activity supported by private investment.- by private investment. which countries by private investment. which countries do by private investment. which countries do you by private investment. which countries do you see - by private investment. which countries do you see as - by private investment. which countries do you see as the l countries do you see as the standouts into bright spot area, if you well? certainly china. area, if you well? certainly china- in area, if you well? certainly china. in china area, if you well? certainly china. in china we - area, if you well? certainly china. in china we are - china. in china we are optimistic that the growth for of 4.5% is reasonably achievable, primarily because of reopening of the inaudible which is earlier than expected. we expect this huge drawdown of access savings resulting in pent up demand and spending. they will read drive forward the growth in china from this year. the grow ....

Investment Activity , Investment By , Ijy Investment Activity , 4 5 , Francisco Owner , Reading Reports ,