reviewing beijing's share holding level as a hair shoulder in the international monetary -- shareholder in the international monetary fund. during the last review, congress made it clear that an increase in voting power for china would be unacceptable given its absolute flouting of the multilateral rules of the road. to the i.m.f.'s credit, it agreed to keep china where it was. mr. muser's important bill underscores that future increases should also be off the table if china continues to she rowed its -- shroud its exchange rate practices in secret. i again want to thank the gentleman from pennsylvania for sponsoring this measure. he's going after china in precisely the manner that beijing most dislikes. by harnessing multilateral pressure across the world to hold this regime in beijing accountable. i urge my colleagues to support the china exchange rate transparency act, and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the chair recognizes the gentleman from california. mr. vargas: thank you very much, mr. speaker. i yield myself as much time as i may consume. the speaker pro tempor

desmond lachman — former deputy director at the international monetary fund — explained these proposals fears for investors and businesses worldwide. we don't see it yet in the numbers, but it has to engender a great degree of uncertainty both in the us and abroad. how are you supposed to make an investment plan if you don't know whether the tariff on steel and aluminium will be 25%, or if you will revert to what you had before? so even if he does not follow through on the tariffs, i believe he is doing damage, really affecting the investment climate, and certainly that is the case abroad. but if he follows through on tariffs, then i fear that is going to throw the world into a recession. samsung is facing a significant labour dispute in india — more than 500 workers have been holding a sit—in for two weeks. the bbc�*s arunoday mukharji is tracking developments from delhi. mukharji is tracking what mukharji is tracking are these protests all about? what are these protests all about? , ., , ., , about? the protest as i functioning _ about? the protest as i functioning out - about? the pr

we've got world bank, international monetary fund, we've got the inter-asian development bank of funds people's republic of china. we have got china as a part of their bass if debt of currencies on the international monetary fund while their belt and road initiative the exists to undermine the international monetary fund. so there really has to be a more coherent approach. secretary rubio knows that, and donald trump is laser focused on getting it resolved. will there be some disruptions? i think, probably so. but we have to extract china's influence from the if western hemisphere. cheryl: well, and from africa and parts of europe as well. it's global. congressman, thank you very much for being here. >> thank you. i appreciate it. cheryl: all right. well, it is the retail report of the season. ♪ cheryl: guess who's reporting tomorrow morning at a 7 a.m. eastern time? the you're seeing it on your screen. walmart. we're going to talk about it, what you need to know ahead of these earnings and what are we going to learn from the content of that report that could be a very big tell for the

eeteh'tt ” the uk in particular we are reliant on gas, because we are reliant on gas, the international monetary fundency on has said our dependency on gas has made the worst hit in made us the worst hit in western europe by the gas crisis. that is why the government is targeting clean deernment'is targeting ctean phasing out gas power, phasing out gas generation for power and our z 7 heating, around % heating, around of use gas for heating and homes dse gas for heating and they are feeling the effects price goes up too? 77 if 7” gas price goes up too. governments have said that we gas price goes up too. gove to 1ents have said that we gas price goes up too. gove to diversify 'e said that we gas price goes up too. gove to diversify our|id that we gas price goes up too. gove to diversify our source we gas price goes up too. gove to diversify our source of: need to diversify our source of energy and that might be more renewables, that takes time. is your assessment that we are mm enouh to reduce moving quickly enough to reduce our on fuels, our dependence on fossil fuels, to get renewables as bigger to

its dominance through legal mechanisms and institutions such as the world bank and the international monetary fund. now the non western old global south world has regained its strength and the organizations and agreements that have been established a solidifying this known western world to. well, my colleague, i'm a ride home on me and they discuss donald trump's trade moves on the global reaction. we've experts from 3 banks contracts us go far, let us break this down, this idea that that has to be some common break scott and see read this chord. how being an idea of m, that one on the 5 board members back in 2022 or something. now we have a big splash, which is in an ever expanding mode. so i do not believe a common currency is the idea which breaks of working on the yeah, well being on a boss get up kind of sees, you can actually go currencies, you create international trade and local currencies with each other. so this idea is not something which is for a fee of electron and catch a 2nd thing. the breaks class of nations of working on connecting the payment mechanism and the payment system. so

its dominance through legal mechanisms and institutions, such as the world bank and the international monetary fund. now the non west and old global south world has regained its strength and the organizations and agreements that have been established, a solidifying this known west and weld. my colleague loretta mom, a discussed to donald trump, his trade moves, and the global reaction with experts from 3 brooks countries. it was just more like us break this down, this idea that that has to be some common break scott and see read this chord. how being an idea of m that a lot, only 5 go to members back in 2022 or something. now we have a big splost, which is in an ever expanding mode. so i do not believe a common currency is the idea which breaks up working on the well being on a boss, get up kind of sees nashville, currencies, read international trade and local currencies with each other. so this idea is not something which is 4 to see about our dog and catch a 2nd thing. the critics class nations are working on connecting the payment to make kind of them and the payment system. so that helps with w

so, 1st and foremost in africa, by the way, the international monetary fund and the world bank are setting records in aiding the zalinski regime, giving loans and credit succeeding those given to african and the other developing countries by many times put all of that. so the minister says the modern world is becoming more rather being transformed drastically and becoming truly multiple of the ukraine complex was arguably the biggest item on the agenda for discussion. tell me more, tell us more about what la problem said the concept of the united states relations among subjects discussed between the top to max on the meeting sidelines. even though the minister says you've opened nations and the allies would not particularly be happy about the tools between russia and the united states. but the good thing is that a number of g 3 to countries have expressed support to the if it's dedicated to peace, including the recent consensus reach between the united states and russia, which i'm not even saying a window for peace is opening on the world. but happy to listen to what minister levitt office

impulsive fuel medicine. reform plans are largely in line with conditions such and then international monetary fund. a lot us tony's presence using thing cuz i said we're meeting with the countries talk, business and tech leaders in the capital. badging of the meeting is a powerful sign of government support and gives it much needed boost to the private sector. katrina, you as more presidency didn't thing hosted this me thing in the aging along side time is premier and vice premier and included in the audience for some of the china is most helpful and which is entrepreneurs. the likes of pulling him off from $0.10 a month from the platform, alibaba and then don't say the founder of the telecommunications company. while way . these are some of the biggest names behind some very important sectors here in china, including electric vehicles, e commerce, an artificial intelligence. now it's very rare that she didn't p p beans, amazing like this. and it sends a powerful message, i think, to the rest of the country that the government supports these industries, and that it needs a healthy private sector.

so, 1st and foremost, in africa, to little for you by the way, the international monetary fund and the world bank are setting records in aiding the zalinski regime, giving loans and credit succeeding those given to african and the other developing countries by many times. the minister also says the modern world is really being transformed to drastically and becoming truly multiple in the world and live on the ukraine. complex was arguably the biggest item on the agenda for discussion. tell more, tell us more about what la problem said of the absolutely, and the good thing is that a number of d 2 and 2 countries have expressed support for the if it's dedicated to peace, including the recent consensus reached between the us and russia, which i'm not even saying a window of for peace is opening on the conflict. and of course this conflict and the u. s. relations were among subjects discussed between the top diplomatic on the meeting sidelines. and this is watson minutes. the laughter i've had have had to say about that, particularly with the ship with previous attempts by the west to ukra

and there's a little new by the way, the, you see me on the international monetary fund of the world bank book. but now setting records was in supporting this events. gary, g, u, providing the lows issues of this book and about 6 uh for the color scheme. we charge the ration system, a fob beyond the bombing of the african countries and developing countries on getting the details of what we have noted. many times the global stability is being under the mileage. and that, that has a very negative impact around the global economy. shipping, we have a hold of us that only made the calls us up, and that's going to be on uh, west investments colleagues to see london you live by international law. we're emphasized because the role of the united nations, which must come back into the place with state street us to come to agreement, see if it is of atlanta in chief of the fan balance of address. and this would also inevitably reach for the stabilizing road, starting next to that little multilateral are the kinds of pizza, based on consensus truth plank and international relations face. go to

ranking 18th highest out of 161 countries for which the ims international monetary fund japan tops thetral government debt at 214% of gdp followed by greece, eritrea, italy, singapore, aren't we proud? not long ago u.s. was among the least indebted countries in 2001 u.s. federal debt was 41% of g gdp. lower than debt levels found in 99 other countries. what happened? obama, the pandemic, and biden. for that is what happened. this is from the u.s. treasury department fiscal report that debt to gdp ratio was approximate 97% at the end of fy 2023. we just talked about that under current policy and based on this report's assumptions it is projected to be and i'm underscoring this, 531% of 2098. they continue to ride the debt to gdp ratio indicates the current fiscal policy unsustainable. unsustainable the word used by the treasury department. unsustainable the word used by the office of management and budget. unsustainable, the word used by the congressional budget office. unsustainable, the word used by the general accountability office. unsustainable but just under $36 trillion in debt.

the international monetary fund i have to say, said it very clearly, very bluntly.but the others didn't want to be tough. and i sometimes had the feeling i had to be the tough guy in the room or the tough person in the room, but still, i had to keep everything together. and what i thought was very good at the time was that our cooperation didn't really break down over these differences of opinion you always tried, even though your people, i think, and not you from the start, were of my opinion or were ready to understand my line of argument which made it difficult for me. so it was a time where i think we, both of us showed tolerance towards one another in order to go down this road. it was not a given that this would actually come, but in the end it was not always peaceful between us. we were not always sunshine, to put it that way. blue skies, collegial but we had disagreements just to give. we want to give an economic lesson here. but the but but essentially in the financial crisis, you had to stabilize the banks and the financial insurance companies, the big fin