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Underway right now. Good evening once again, im stephanie ruhle. Tonight, in his First Oval Office address, President Biden made the case for the bipartisan debt ceiling bill. He spoke of an economic crisis averted, and reminded the nation that, without the bill, the u. S. Was in fact headed for a disastrous u. S. Default. Passing this Budget Agreement was critical. The stakes could not have been higher. They were extreme voices threatening to take america, for the first time in our 247 year history, to default on our national debt. Nothing nothing would have been more irresponsible. Nothing would have been more catastrophic. No one got everything they wanted. But the American People got what they needed. We have heard of an economic crisis, an economic colla ....
this is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global marke ....
that follows the police killing of a teenager on tuesday. 16,000 police have again been deployed, but there have been fewer incidents nationwide than on previous nights. president macron said he supported the security forces but was also looking in detail at the events that led to the death of nahel. he was scheduled to meet with german chancellor olaf scholz today but cancelled his trip on saturday. joining me now is tomasz michalski, associate professor of economics at the hec business school in paris. tomasz, fewer arrests overnight. what is the situation likely you in paris? where i am, i am in the leafy suburbs of western paris, there is nothing happening that you can observe, anything. but having said that, the night has been, in different places, especially in areas where you have a lot of council housing, high rise towers and projects, that s where most of the writing takes place night has been calmer. and in the inner city, where you have shops that can be l ....
underway right now. good evening once again, i m stephanie ruhle. tonight, in his first oval office address, president biden made the case for the bipartisan debt ceiling bill. he spoke of an economic crisis averted, and reminded the nation that, without the bill, the u.s. was in fact headed for a disastrous u.s. default. passing this budget agreement was critical. the stakes could not have been higher. they were extreme voices threatening to take america, for the first time in our 247 year history, to default on our national debt. nothing nothing would have been more irresponsible. nothing would have been more catastrophic. no one got everything they wanted. but the american people got what they needed. we have heard of an economic crisis, an economic collapse. i want to commend speaker mccarthy. you know, he and i, we and our teams, we were able to get along and get things done. the final vote in both chambers was overwhelming. far more of our bipartisan than ....
underway right now. good evening once again, i m stephanie ruhle. tonight, in his first oval office address, president biden made the case for the bipartisan debt ceiling bill. he spoke of an economic crisis averted, and reminded the nation that, without the bill, the u.s. was in fact headed for a disastrous u.s. default. passing this budget agreement was critical. the stakes could not have been higher. they were extreme voices threatening to take america, for the first time in our 247 year history, to default on our national debt. nothing nothing would have been more irresponsible. nothing would have been more catastrophic. no one got everything they wanted. but the american people got what they needed. we have heard of an economic crisis, an economic collapse. i want to commend speaker mccarthy. you know, he and i, we and our teams, we were able to get along and get things done. the final vote in both chambers was overwhelming. far more of our bipartisan ....