Page 5 - Praise It News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Analysts say what would happen you would see these affects felt sooner rather than later. the latest warning is from the ims research director. listen to this. >> the effects of any failure to repay the debt would be felt right away leading to potentially major disruptions in financial markets. both in the united states and aboeed. >> now we don't know for sure or what is going to happen because the fact of the matter is the u.s. has never defaulted ever before and analysts expect the global economies would take a hit and you would see stock markets around the globe fall. the value of the doll...

Jon: china flexes its military muscle, showing off the first closeups of its next generation attack jet. it's the j15 flying shark, designed for the first chinese aircraft carrier which they are still building. what does all of this say about china's military might and potential? let's bring in retired u.s. navy captain and fox news military analyst chuck nash. first of all chuck what's the purpose of putting out pictures like these? >> i think what they're doing is rather than trying to play a game and hide it, they're coming out, laying their cards on the label and -- on the tail and saying ...

Bought a single su-33 from the ukrainians, then reverse engineered it, they stripped it apart, got the plans and rebuilt it and now they have a knockoff version that is a carrier suitable airplane for that ship. jon: if you were running things at the pentagon or at the navy, what would your response be, is there anything we could or should do about this. >> i think we are doing what -- which is prudent, and that is, we're staging more of our forces on the west coast of the united states and we're starting to pay more attention to china. the apologists now have to take a back seat to what chine...

So, again, we're continuing to monitor this. but here's what's interesting, it's that line that is weakening. we've got another storm system that is developing today, and it doesn't look like much right now, but there's low pressure over the panhandle of texas, and warm, dry air ahead of it. what's going to happen is we're setting the stage again for the potential for violent storms and tornadoes into this evening and overnight. there's about a 30% chance of a tornado within 25 miles of a point in this area shaded here in pink. so that's northeastern texas and back into arkansas that was very ...

Policymakers in washington and on capitol hill during the financial crisis the fed launched a lot of federal programs and polices that pumped trillions of dollars into the financial system and helped to save a lot of the banks, but also, a lot of people out there were confused by these polices, didn't understand them and in fact outright opposed them, and then we have some members of congress and members of the tea party who actually went to reign in the fed and perhaps even abolish it, so this press conference is an effort by the fed chairman to try to explain the fed more, to educate the pub...