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Calamity. because the us has never defaulted on debts, economists aren t sure what the economic fallout could be stopping it could trigger a recession, funding for certain state programmes could be faulted if the debt limit isn t raised. the head ofjpmorgan, said his bank was preparing for the worst, calling not raising the worst, calling not raising the debt limit a potentially catastrophic event. transport accounts for more than a quarter of greenhouse gas emissions in the uk but while electric cars are beginning to find favour with consumers, trucks are still overwhelmingly run on diesel and they contribute more than a third of c02 contribute more than a third of co2 emissions on our road. but that could change if a new start up has its way. speak to asher bennett, launching the ....
Briefing room at 4:45 p.m. that s in just under 30 minutes. and address us all. we will go to that live. but i have to come back to you. how much does it bother you that there are house republicans who genuinely believe that defaulting is not a bad thing. well, it is a dangerous view. in fact, one house republican, when told that virtually every economist agrees that a default would be catastrophic, his response was, well, economists aren t always right. you know, with these house republicans, two plus two equals whatever they want it to be. it is dangerous. we will not negotiate the full faith and credit of the united states government. and if you re a republican who is spending $40 billion every ten years to subsidize big oil companies, you ve got to pay the bill. you can t put stuff on the credit card, as i say in that piece in the new yorker, and then wake up and say, you know what, i don t feel like paying it. no american gets to say that to american express and no member ....
Adam shapiro from the fox business network joins us to explain. it doesn t feel like spring either. mother nature isn t listening. economists aren t listening because we re getting data that indicate things would not be as strong as we would like. yesterday we got the a.d.p. report which says private sector job creation was 158,000. we were expecting 200,000. tomorrow when we get the unemployment situation, the labor department s unemployment numbers, people are nervous. it is not just that report from a.d.p. that has them nervous, but also the fact we re seeing a slowdown in other survey. i.s.m. puts out a survey of different kinds of manufacturers. orders are slowing down. bottom line? people are worried the economy is slowing down this spring. now to someone, or at least a band nowhere near slowing down, rolling stone, new ticket prices ....
Money headlines. has the economy bottomed out? the iphone five frenzy. and then just in time for the first day of fall, the hot holiday gifts. joining me now retail and economy analyst. let s dive right in the economy and talking about the fact are we on the way back up? have we seen the worst? because the trends are starting to change? well, economists aren t popping their champagne bottle as of yet. but there are some data, statistics that came out from the census data on thursday that said we might be heading towards this recovery a little bit, although albeit fragile. that s the key word, though, fragile. it s a fragile recovery. so what s happening now is that adults between the ages of 25 to 34 are now moving across the country trying to get new jobs, maybe going back to school. so those adults once living with mom and dad, the number is back down to 5.6 million. i know that sounds like a lot but that s 13.6%, that s down from 14.2% last year. so there s a little bit of cha ....