CNN 2011-07-19
时间：2011-08-08 07:03:49
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The clock is ticking and the tensions are soaring and if u wanna an idea just how heated things are over the debit1 crisis, listen to this. President Obama stormed at yesterday’s meeting, vowing2 he would veto any extension of the debts ceiling and that’s only short term. Sources say the frustrated3 president said it to the House majority leader Eric C quote this could bring down my presidency4. Today talking congressional democrats5 and republicans returned to the White House for a fifth straight day of talks. The Aug 2 dead line is looming6 and pessimism7 is growing. In fact a major rate agency says it will review the nation’s sterling8 bound rating for a possible downgrade. We are covering all the angles of this. All important debt talks stories, debt l? at the White House to the reaction to the extraordinary retching up of tensions and Ali vows9 she is giving us the bottom line of the economics, why she just care the US bonds could face brutal10 reality check.
Ali, let’s start with u, the downgrade would be kinda like seeing ur personal credit score just take a huge hit, right?
Right, we already have a debt problem. We already pay too much interest on too much debt. Downgrade would mean the cost of borrowing which the US has to do very regularly to increase borrowing would cost us more. So it would actually set us back. So most thinking people think we need to avoid this debt not to be increased. Here are 3 consequences. First of all, if the debt limit is not increased. The debt costs go up. No2 it could freeze international borrowing and lending coz US is the safest bet in the world to lend money to. If the safest bet ,all of sudden becomes less safe, it turns the whole system upside down. No.3 it just
crated11 lack of
uncertainty12 and here in the stock market so a lot of people have investment in borrowing and ? started to suffer and there becomes the lack of quality, u heard them said before. People take their money out of market causing markets drop. They put their money in their cash or gold. You are seeing gold increase more records being set over the last few days. So at the moment, I will tell you, stocks are set to open higher this morning. That’s because the smart money is what they are working out but 20 days away. Here that’s dog years u know. Once we get close , stuff keeps happening. U will start to see markets dropping, dollar dropping, u will start to see a lot of fear
Checking the story across the country in California, the feds deal a critical blow to the Mexican in orange country. 99
alleged13 members rounded and charged crime including murder extortion and drug trafficking. Operation black fire also cease weapons everything from handguns to assault rifles.
Take a look this group of pioneering Afghan women. They are in San Antonio Texas and they are training to become some of the first female pilots in the Afghan air-force. They will spent six months studying English before they learn how to fly helicopters.
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