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CNN Newsroom Live-20211105-08:30:00

enough. there are weaknesses to these deals. for example, the finance arrangement does not stop countries from subsidizing those fuels within their own borders. and the pledge to move a wei from coal does not include the biggest users of coal. the united states, china, india, for example. so, good but not quite good enough is in many ways how you could characterize much of the pro progress that has been made at this conference. it is really distilled by that figure you just mentioned, 1.8 degrees. that is the predicted rise in average global temperature according to the international energy agency if you factor in all the progress that has been made at this conference. on one hand it is hugely positive because going into this conference, the united nations said we were on track for 2.7 degrees of average global warming, which is a climate catastrophe. and this is the first time that there has been a credible estimate that suggests we would achieve something below 2 degrees of global warming.

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Your Money-20131005-18:01:00

when you run out of money you run out of money. on a typical day in the u.s., the government spends up to $60 billion. but on october 17th it will have just $30 billion in the bank and no ability to borrow more to make up the shortfall. when your bank account is emptied and you can't find any source of extra cash the government will have to stop paying some of its bills. that has never happened before. what are we talking about? talking about maybe interests on our massive loans. interest to countries like china, right? maybe social security, maybe some months or some days there won't be enough money to pay for social security. how about medicare and medicaid? over 110 million people are in one of those programs. there's a very intricate finance arrangement between the banks and hospitals and government. what might be even worse here is what we don't know. markets hate uncertainty. what could happen to your nest egg? despite all of that, 38% of all americans say it would be a good thing if the debt ceiling were not raised. that's compared with 56% who say it would be bad. i want to bring in a group.

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