World To US: Stop 'Tap Dancing' And Solve Default Crisis - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

World To US: Stop 'Tap Dancing' And Solve Default Crisis

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  • Idahoans Tell Congressmen To Continue Shutdown

    Idahoans Tell Congressmen To Continue Shutdown

    Monday, October 14 2013 12:37 PM EDT2013-10-14 16:37:12 GMT
    BOISE, Idaho (AP) - Idaho's congressional delegation says their offices are receiving calls two to one in favor of continuing the government shutdown until President Barack Obama agrees to defund the Affordable Care Act.More >>
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NBCNEWS.COM - The approach of the U.S. default deadline — with no clear resolution in sight — is being greeted around the world with a mixture of angst and anger. "It's hard not to believe lunatics have taken charge of the asylum in Washington," the newspaper The Australian declared Monday, predicting significant damage to the global economy if the government can't pay its debts."

America is diminished by the standoff," the editorial continued. "Government shutdowns, debt defaults and the shenanigans witnessed in Washington have no place in the world's superpower." China, which is America's largest creditor with $1.28 trillion in U.S. treasuries, went as far as calling for a new world order — a "de-Americanized" model.

That may be an extreme reaction, but international economists and opinion-makers aren't holding back as they assess crisis. International Monetary Fund Managing Director Christine Lagarde told NBC News' Meet the Press that the prospect of default, combined with the government shutdown now in its 14th day, overshadowed its annual meeting.

"If there is that degree of disruption, that lack of certainty, that lack of trust in the U.S. signature, it would mean massive disruption the world over and we would be at risk of tipping yet again into recession," she said.Anshu Jain, chief executive of Germany's Deutsche Bank, said blowing the Oct. 17 deadline would be "utterly catastrophic."

"There isn't life beyond default," he said at a financial-industry conference in Washington over the weekend. "This would be a very rapidly spreading, fatal disease." The governor of France's central bank, Christian Noyer, told Le Figaro that Washington's inability to pay its bills would be a "thunderbolt for the financial markets," and cause "extremely violent and profound" economic turbulence, according to Agence France Presse. 

There were complaints that while the Republican and Democrats in Washington were bickering with little regard for the dire consequences to other countries who depend on American stability. "World leaders are saying, 'Get on with it and get this resolved.

It's not just about you,'" Mike Kendall, executive director of JBWere, a private wealth management firm in Australia and New Zealand, told The Age of Melbourne. "This isn't the time to be tap dancing to the mid-term elections in the U.S. This affects everyone."

Meanwhile financial markets around the world are reacting to the ongoing impasse with fits and starts. The U.S. dollar fell on Monday while the Japanese yen rose on "safe-haven" demand. "The markets went home on Friday expecting a deal would be imminent.

While there's a heap of conciliatory language around, there's no deal yet," said Sam Tuck, currency strategist at ANZ Bank in Auckland."Now that we're in the week where the debt ceiling will be hit, the yen's gaining on safe-haven bids."

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  • Facing potential budget cuts, Sheriff warns, “There’s nowhere to cut”

    Facing potential budget cuts, Sheriff warns, “There’s nowhere to cut”

    Thursday, September 21 2017 8:51 PM EDT2017-09-22 00:51:49 GMT

    SPOKANE COUNTY, Wash. - The Spokane County commissioners have no choice but to make cuts to next years budget, and Sheriff Ozzie Knezovich says they should leave his department out of it. “What that looks like is a cowards way of doing budgeting,” said Knezovich. “That’s what it is. You have to prioritize the budget and they’re failing to do that.” The Sheriff has been asked to put together a proposal of what a seven-percent 

    More >>

    SPOKANE COUNTY, Wash. - The Spokane County commissioners have no choice but to make cuts to next years budget, and Sheriff Ozzie Knezovich says they should leave his department out of it. “What that looks like is a cowards way of doing budgeting,” said Knezovich. “That’s what it is. You have to prioritize the budget and they’re failing to do that.” The Sheriff has been asked to put together a proposal of what a seven-percent 

    More >>
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    Thursday, September 21 2017 8:33 PM EDT2017-09-22 00:33:41 GMT

    SPOKANE, Wash. - It’s not something you’d ever expect to see appear in your backyard. But one Spokane family came home to find a sinkhole on Wednesday night. “I don’t like to be over here,” Alyssa Davis says. She’s put a board over it so no animals or kids who are playing her backyard fall in. Her husband measured the depth and it came out to about 7 feet. The width looks like it continues to grow. What’s scaring Alyssa is how close it is to

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    SPOKANE, Wash. - It’s not something you’d ever expect to see appear in your backyard. But one Spokane family came home to find a sinkhole on Wednesday night. “I don’t like to be over here,” Alyssa Davis says. She’s put a board over it so no animals or kids who are playing her backyard fall in. Her husband measured the depth and it came out to about 7 feet. The width looks like it continues to grow. What’s scaring Alyssa is how close it is to

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  • Apps parents can use to monitor their child's cell phone activity

    Apps parents can use to monitor their child's cell phone activity

    Thursday, September 21 2017 8:11 PM EDT2017-09-22 00:11:23 GMT
    Apps parents can use to monitor their child's cell phone activityApps parents can use to monitor their child's cell phone activity

    SPOKANE, Wash. - Do you know everything your teen is doing online? If you’re like 85 percent of American parents, the answer is no. But there are apps that parents can use to monitor the kid’s online activity. Teen Safe is one app that’s designed to let parents monitor their kids’ phones. It downloads information from the phone so you, as a parent, can see what they’re doing. You can see their text messages, but also messages sent on 

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    SPOKANE, Wash. - Do you know everything your teen is doing online? If you’re like 85 percent of American parents, the answer is no. But there are apps that parents can use to monitor the kid’s online activity. Teen Safe is one app that’s designed to let parents monitor their kids’ phones. It downloads information from the phone so you, as a parent, can see what they’re doing. You can see their text messages, but also messages sent on 

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