when the debt ceiling will be breached the health of the economy will really be on the line because the u.s. government's out of town. and while u.s. politicians are busy all gave money economic damage to the fragile economy is intensifying according to independent research of macro economic advisors if the shutdown was to last two weeks that it would result in a loss of about two hundred thirty three billion dollars so let's get to the epicenter of it all with all the t.'s while reporting from washington a lot of uncertainty as the government shutdown continues with no end in sight right now about eight hundred thousand federal workers have been furloughed and are not sure if they will get back pay when the government reopens this government shutdown is historic it hasn't happened in seventeen years and the worry is the effect that it will have on an already fragile economy the cost of the shutdown on

the overall economy is estimated to be around three hundred million dollars per day according to one market research firm that's more than one point six billion dollars per week but the financial worries do not and at this shutdown another deadline looms here in washington and that's the debt ceiling deadline if congress doesn't come to a deal to raise the debt ceiling the treasury department says the u.s. will run out of money to pay its bills that could send ripple effects on the economy with investors losing faith there could be implications with the value of the dollar and we could see unemployment rise but the government shutdown partially shut down national parks have been closed social services that help new mothers and children have been suspended and research at the national health institute has been halted republicans have been trying to pass bills to fund some of these programs piece by piece but democrats are saying it's all or nothing including the affordable care. back at the heart of baghdad block at the capitol hill as of now

there is no clear and in sight and with each day that passes as more economic uncertainty in washington is wall party now for more financial analysis i'm joined by mark rubenstein from investment finance company matches paul ma can you give me an idea as to how all of this is affecting the u.s. economy specifically of course overall it's negative the shutdown that shaves off growth from the economy on the average where it is to me that it could shave about . ten basis points off the growth for every week or shut down but again it's not such a catastrophic from the market standpoint what would be catastrophic is the next battle if it's lost the battle all that to raise their country's debt ceiling so what areas of the u.s. economy are particularly vulnerable than voc. area there is of course is one of the most important industries in the u.s.

economy is the housing industry and housing is being adversely affected because. banks and craziness sure since they cannot effectively issue mortgages when they don't have access to the government data we help them to very fall and the applicant's income and other things so say and since they're government agents is shut down. operate a bare minimum banks have problems access and there's data so that kids verily slow down the mortgage insurance process and that could. have very nascent. housing recovery in the states but what about us treasuries say where will the pressure be felt the impact of the u.s. treasuries is the most important financial instrument conlin the financial markets so any and. any trouble with this instrument. no spell big trouble

for their world financial system above given the importance of us treasury for the health of the wall financial system and the chances that the compromise is not going to fall in the very slim i want about the us dollar that away expressing a full round the conditions that have been created with this. government shutdown and the potential battle for the debt ceiling limit all these conditions will likely to prevent us fed reserve from tapering this and the stimulus in the near future. so there are no consensus no shifting to the fed. cutting rates the rate of monster purchases further down the road in the future sorry the current consensus is there that we're going to see the car the december meeting on nelson december meaning i mean i think we're all going to seed early before they're beginning of next year and they have see even

a dip into their first quarter of next year so this goal continues to pressure the dollar financial alice mistimed thank you now at this we care more sky i went along to the v. to be investment forum and of course out with on today's sound a stiff the head of the biggest bank in us america i'll assume that the u.s. to a say and how the decisions made in washington affect the emerging economies emerging economies much stronger than their use it to be so they have more fiscal balance lowered that a better economy paul is only. so i do see some effects we do is what is changing at the end of the days if possible which one is a global quest to avoid turning to the u.s. dollar interest rates it is a very important price so there will be an effect but it's also important to keep in mind that the beast by pinning us is related to a back to normalization trend is. not that we have an inflationary problem or

a budget problem. we call very few and it's best to normalization in a certain way we are moving from a point that is not so good to a point that is much better which is a normal us. implies are some awesome price volatility when we will have it down but it will not be dramatic. was denying the. question with a happy ending is it when we finish this realization. dallas and. everyone's all doom and gloom about the us because i also spoke to alberto citibank this for a man he was equal to mystic about situations type size but hopeful that the situation there would. be something that if you have any theory. but you also look at like that's nothing when you would see the fish story look if

you look at the price of money and the price of. the feed the most effective level in the making and that's done when you think you're wrong about the coverage of the u.s. market don't you think it. could be so i think it's risky because looking back. president obama has even had to cancel his shadow trip to indonesia the situation als he was expected to attend the apec summit in body of course that all of that i caused in the head of russia's second largest and of who will be in attendance spoke to me about the about russia definitely last year i think i did defy itself as one of the leading. nations. yeah pacific region and i think from this point a few as you know since that time since september last year what a lot this season inside russia. develop the region they include the government

investment in infrastructure they include the special tax regime for business so i could show the seriousness of russia that was developing this region developing a relationship. with the region so mr bush you believe that i mean two things that the summits where spent a few words rest for the business community you again speak yeah about russian policy about this so i think we continue to play a very important role russia in this process and do we want to unify the. would be still far as a growing market. for realisation of the development so as i said russia is very much focused on this region we do part of the euro but we also part of the asia pacific region we're going to talk about corporate news that will suspected now as being that russia's diamond giant. over one billion

dollars. offering the company past sixty percent of it says most of the says being put up a sound card is state and says to seven percent the value off to the i.p.o. is announced. and russian supermarket chain as proof. is on the ball to market it because i think michael stores in the outskirts of most. good news the caviar lovers the price of russian red caviar has finally stopped growing in the summer the price jumped seventeen percent that was just you know you in the name caviar do so in russia. and now we're going to check in with mr thomas and see what he's been up to with his ten thousand u.s. dollars he was given it ten weeks ago he was out to now all right shoulder lou. ok he's not a so let's go find out where he is. you

. know what hey this is very strange very suspect what is going on oh ok this would explain things here we go guys. i hope your family by the little show and i do mission lights by this have a look at what you've been up to maybe over here because you've been doing really really bad like no i've heard it all ok he would go so he did invest into finances he told me he was going to buy the shares are up maybe three percent which means he's managed to get a around two hundred fifty u.s. dollars about an hour and that brings his total up to you know about five hundred ninety three which means he's close to breaking even as i like you for a little bit. more than. i came back and it's been another controversial week for the to moche as wells of the big oil in the online marketplace silk road was closed down this week and the

f.b.i. seized three point six billion dollars worth all the virtual currency the silk road allowed uses to trade illegal drugs that required the use of the big quite as a consequence of value of the bit quite prominent more than one hundred forty u.s. dollars the sounds of the virtual currency claim that plenty of illegal practices have been carried out using the u.s. dollar the british pound the russian ruble or any other global currency and that all this will be demonstrates is that the coin can be used illegally or legally of course. for today is a french cap so i will indeed be back next week same place same time savior excuse me i'm going to go see how this time this is day and i'm going to go for him some grapes and he had lots of nice. after decades of prosecuting a cold war against iran. can watch them change its behavior many more shouldn't

have dismissed obama's old branch out of hand many in iran are just as mistrustful is this quest for peace a fool's errand. if . play. place. if.

more news today is once again flared up if these are the images the world has been seeing from history that canada. china corporations are all today claim. my name's daniel bushell chemical agents or red lines except critics say when the

u.s. uses them on a full grade to scale coming up one in three u.s. servicemen permanently disabled an explosion of birth defects they don't even have medical terms for. and an f.b.i. whistleblower ties america's grog epidemic to the highest levels of government. officers used to watch is definitely without a shadow of a doubt a chemical weapons u.s. troops report told us to use white phosphorus in civilian areas the chemical nicknamed epeat by the u.s. army is banned as a weapon the toxic substances agents you know see through halt and blooms of anyone in the vicinity so i'm of the time offices in iraq described firing the chemical of people in a process they call shake and bake. we fired shake and bake missions using white phosphorous to flush them out. again and again sending burning white phosphorus

they call shake and bake into the buildings documentary of the hidden massacres there is obtained this footage of u.s. forces firing white phosphorous into residential homes of the attack the area and anyone in it is simply disappeared the golden reports the pentagon lied and denied using white phosphorous as weapons until the evidence became overwhelming who's a mahmoud lived through the u.s. occupation of iraq operation desert storm in ninety ninety one as well as chemical attack on her loved one nine hundred eighty eight cruise and joins us thanks very much for coming on when first did you find out about chemical weapons use anchors. the new legs can of moammar. waste heat. haze and that's not good news so this is to something a good time is the worst not seen nine hundred ninety one when i my first this attempt was used by these weapons into each. also joining followed by the not. being pigs and that of course you can see

it's been mentioned. before and must not and comes and talks about the lights you see not noticing this and that i found it very much more around the highest rates of genetic damage in any population ever studied radiation exposure christopher busby his reports are from the us depleted uranium munitions in iraq birth defects was the north of the us nukes on hiroshima and nagasaki there are no reports of being found in babies doctors told war correspondent dodgem ill such injuries have simply never been seen before from ations that she said they don't even have medical terms for it's common now in fallujah for newborns to come out with massive multiple systemic defects babies being born with two heads baby being babies being born with half of their internal organs outside of their by.