need 72 hours they will have the 72 hours to review and pass any bill that does come through how does the urgency change since you and your fellow ceos and leaders wrote that letter just a little over a week ago   there is a reason the market are starting to react you can see the credit default swaps spreads are changing it just so happens that we have a bunch of technology companies that have an annual meeting this week all the companies were in all the investors were income normally talk about operational and prevents now you have to talk about this  operational improvements and now we talk about this we had a banking crisis now we have to deal with this will the cost of capital be higher in three months six months the planning aspect of this is wreaking havoc on people the uncertainty is something people did not like dealing with right now alex that is interesting that you have these meetings and it keeps coming up how to the debt leaders and executives plan around this or through this guest we do not use a lot of leverage in our purple tier we have some companies but it made us think  in our portfolio we have some companys but we had to think different the about it fewer deals get done or get done 80 different price psych  at a different price we rely on state and local budgets they cannot on the infrastructure  find the infrastructure that we normally rely on we have it rippled down to the state and local level as well   that is interesting and something perhaps a lot of lawmakers in washington may not be immediately aware of in your current role your around angela noras all the time learning to  around entrepreneurs a lot of the time what do you think congress does not fully understand about how the actions reverberate through the private sector   the us brand around the world accrues to each of our companies we are you as understanding business very innovative coming from a economy that is rocksolid riskfree and has fiscal discipline we benefit from that brand when you question that you get a certain  around that people believe that we know what were doing because we are from the us the brand aspect people do not quite understand it hurts although there companies  all other companies   the reputational risk is interesting i am curious with you as an investor yourself recognize does that reputational risk of these chaotic conversations of the banking crisis that went on with some of the important funders of places like the tech center  sector like svb does the reputational risk posed challenges for us you look at your growth investments going forward   we are competing with other investors around the world we want to look like we have an edge part of it is the operational background part of it is the us part of it is a lower cost of capital if any of those breakdown you do not look as strong as you look otherwise people asking the question what is going on over there i think the implications for the job market in general if you cannot pay our bills so security military these things start to break down it looks like chaos to everybody people thought this could not really happen maybe theyre playing a game of chicken but they always work it out now you never know because things have gotten so partisan it could actually happen that is what is different now this could be a thing that happens alex do you start looking geographically to regions outside the us where companies are not sitting in a room and having to cope with uncertainty or a pause in innovative strategies because there is too much chaos potentially looming for the economy in the us guest we have always been level we have companies in ukraine latin america all over the world well into where we could be investing doesnt make the us look at less attractive than it would otherwise sure that is like any other global investors capital can flow anywhere   you served on present obamas economic  president obamas economic recovery board and on the fed how do you think the 2023 debt ceiling standoff differs from what we have seen in the past or is this business as usual guest this one seems more severe it was shorter in 2011 we lost 24 trillion in market cap this could go on longer because the size of it is so much larger we had certain a that people