such a forecast made bank of america analyst michael hartnett , citing data from the us congressional budget officeid debt will increase faster than the entire economy of the country. there is such a situation, although they are late for a compromise between republicans and democrats, that there is still no way out. at the moment, all the decisions of american politicians have only led to a record flow, a public debt of 32 trillion dollars, but whether there will be more experts predict that by 2053 the debt-to-gdp ratio of the state will be one to two. singapore celebrates the day today alexander lukashenko congratulated the president and the people of the country on independence on the national holiday, the belarusian leader stressed that the attention of the largest financial center of southeast asia represented by singapore to our regional integration project, the eurasian economic union, will serve as an incentive to search for new profitable areas of cooperation, the dialogue between minsk and singapore on issues of joint diesel production in a number of promising areas is fully consistent wi

forecast was made by michael harnetesa, an analyst at bank of america, citing data from the us congressional budget office, while the debt will increase faster than the entire economy of the country and from such a situation, albeit a belated much compromise between the republicans and the democrats will not get out of the state. at the moment, all the decisions of american politicians have only led to a record ceiling of the state debt of 32 trillion dollars, but whether there will be more experts predict relations until 2053 long to the state gdp will be one to two. fast forward from overseas to neighboring countries, warsaw will send up to 15,000 bayonets to the belarusian border. for their accommodation , 140 residential containers are purchased. to begin with, they will deploy an infantry division, said the minister of defense of poland. with all this, the alleged migration crisis is called the main reason, but such rhetoric of warsaw with its military ambitions raises great doubts at the moment the number of polish troops is 170,000 people, and the country plans to create the most powerful army in e

joining us this morning is keith hall, the former director of the congressional budget office from 2019, let us begin with defining a credit rating. what is it and why does it matter? guest: it is not unlike the credit rating all of us individually have. it is credit services that are looking at debt. the federal government has been outspending revenues and making up for that by borrowing. they are evaluating the credit worthiness of the federal government. according to fitch, we always had a aaa highest rating and they have lowered it to a aa+, which is an indication they are a little less pertinent in the u.s. ability to constantly repay the debt. fitch is one of the big three credit agencies. all three have credit ratings on the u.s. government. s&p lowered their rating in 2011, so now two out of three credit agencies have lowered the rating because of federal debt. this is an indication they believe the risk of default is not high, but has gone up a bit because of the size of the debt, the continued borrowing, the political troubles and coming to agreements on spending. they are all

host: joining us this morning is keith hall, the former director of the congressional budget office from9, let us begin with defining a credit rating. what is it and why does it matter? guest: it is not unlike the credit rating all of us individually have. it is credit services that are looking at debt. the federal government has been outspending revenues and making up for that by borrowing. they are evaluating the credit worthiness of the federal government. according to fitch, we always had a aaa highest rating and they have lowered it to a aa+, which is an indication they are a little less pertinent in the u.s. ability to constantly repay the debt. fitch is one of the big three credit agencies. all three have credit ratings on the u.s. government. s&p lowered their rating in 2011, so now two out of three credit agencies have lowered the rating because of federal debt. this is an indication they believe the risk of default is not high, but has gone up a bit because of the size of the debt, the continued borrowing, the political troubles and coming to agreements on spending. they are al

doug is a former congressional budget office director and president of the american action forum. doug, good to see you on this friday. glad you're with us're a money guy and you get how this works. so just looking at that study that was just put out about the states that had a higher credit score, doesn't this prove that red states handle the post pandemic economy a whole lot better than blue states? >> so what i think is really interesting about this study is that if you put the list of those 12 states down and you break down the list from almost any source of the states with the best business climate, it's the same list. so these are states where we have rapid economic growth for creating jobs, we're getting new businesses. they are typically right to work states. they're often currently governed by republicans. but on a bipartisan basis, they've managed to make a commitment to keep taxes low. keep regulations reasonable and to have a good growth environment. that's a real lesson for the federal government. both parties should be working very hard right now to not raise taxes. not increase the regulatory burden. it's up $400 billion s

used to treat cancer, arthritis, diabetes. george they currently cost millions of seniors tens of thousands of dollars. the congressional budget officet negotiation with big pharma could save the taxpayer almost 100 billion dollars over the next decade. it's hard to overstate just what a.b. fd this is, to borrow a line from president biden. it's a huge deal. in fact, it's something that democrats have tried and failed to do for the past 30 years. bill clinton tried back in 1983 when he was trying to overhaul the health care system. he could not do it. barack obama wanted to do it to, but the affordable care act when it was passed, did not say anything about the drug prices hornet medicare negotiations. even in the final few years of office, obama said he wanted to do it, but could not get it done. even republican donald trump in 2016 on the campaign trail made this promise. >> medicare. with the biggest drug buyer in the world, we buy drugs. to make people better, all of that is fun. we don't negotiate the price of the drugs. when it comes time to negotiate the cost of drugs, we're going to negotiate like crazy, folks. >> and preside

ratings downgrade, just reminding us all that there really is a remarkably different profligate policy going on with regards to the outlook. and the congressional budget office outlook is pretty grim. but i think the bond market is still driven to a large extent by inflation, and i believe that the inflation used to date is definitely shown a great deal of moderation since last summer, and i think it will continue to show moderation going through the end of the year. >> well, we've heard that now there is an alternative to stocks. i don't consider -- i don't consider 4.3% able to just suck the air out of the stock market. that seems like a pretty friendly number. and i imagine that it's not different this time and we can expect stocks to outperform bonds over time. >> i think that the bond yield where it is today demonstrates that there's evidence that the economy is remark apply resilient. that earnings are going to be better than expected. not just this year, but next year, as well, and the stock market is looking ahead to next year. and i think the market's going to hang in there. i think right now, we're in a pullback that will maybe last through the end

forecast was made by michael harts, an analyst at bank of america, citing data from the us congressional budget office, while the debt will increase faster than the entire economy of the country from such a situation, although it was too late for them but the compromise between republicans and democrats is that there's no getting out. at the moment, all the decisions of american politicians have only led to a record flow of public debt of 32 trillion dollars, but whether there will be more experts predict relations until 2053 long to the country's gdp will be one to two. hundreds of students and university staff took to the streets of sao paulo to demand better working conditions, the protesters marched with posters and slogans for better education and education is not a commodity, demonstrators say that with such low wages and funding. impossible to provide quality training, the situation is aggravated by the recent salary increase for police officers. the skills of the tankers were tested at the training ground near borisov by the military the metropolitan mechanized brigade , practiced firing an an

made by michael hartner, an analyst at bank of america, with reference to data from the us congressional budget office, while the debt will increase faster than the entire economy of the country from such a situation, although it was too late for them, but the state will not get out of a compromise between republicans and democrats. at the moment, all the decisions of american politicians have only led to a record flow of public debt of 32 trillion dollars, but whether there will be more experts predict that by 2053 the ratio of long to the country's gdp will be one to two. hundreds of students and university employees took to the streets of sao paulo to demand better working conditions, the protesters marched with posters and slogans for quality.