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“They won’t agree” – why the U.S. is headed for a debt disaster

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12 months ago

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“They won’t agree” – why the U.S. is headed for a debt disaster, according to Ticker’s political commentator Bruce Wolpe.

 
President Biden cut short his south-east Asian visit. While China is big on the minds of world leaders – there’s probably a more pressing issue right now.

What happens if the President can’t reach a deal with Republicans and the United States actually defaults on its debt?

So here’s a really simple question. What happens if the US cant service its debt?

After negotiations to raise the federal borrowing limit reached an impasse, President Biden and House Speaker McCarthy agreed to meet again to avoid a sovereign debt default.

House Republican negotiators and White House negotiators failed to bridge their differences over spending levels this weekend, and as usual, both parties blamed the other.

Biden took a sharper tone at a news conference on the sidelines of the G-7 summit, saying that House Republicans have taken “extreme positions.” He added that their current proposal is “unacceptable.”

The president’s tough words marked a change from the upbeat tone he has maintained, and they are more consistent with warnings from White House officials that talks are breaking down.

Legislators, aides, and officials at the White House say that fundamental disagreements about spending levels are at the root of the stalemate.

But here’s a question. Do Republicans have a point? Taxpayers are on the foot for trillions. Can the U.S. keep spending forever? #featured #politics #biden #debt

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Why Australia is becoming the new home of the Hollywood blockbuster

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3 days ago

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May 17, 2024

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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3 days ago

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May 17, 2024

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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3 days ago

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May 17, 2024

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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