Jack Lew: 9/11 Bill 'Very Bad Legislation'

The transcript discusses a recent Senate vote and its political, diplomatic, and economic implications. The White House is concerned about the diplomatic fallout, while Saudi Arabia has threatened to sell off US treasuries. The speaker criticizes the legislation, citing negative impacts on US interests and representatives abroad. Despite potential Saudi actions, confidence in the US Treasury market remains strong.

What was the White House's reaction to the recent Senate vote?

• They were concerned about the political implications.

• They were indifferent to the vote.

• They praised the Senate's decision.

• They supported the vote.

What potential action did Saudi Arabia warn about in response to the legislation?

• Cutting diplomatic ties

• Investing in US infrastructure

• Selling off US treasuries

• Increasing oil production

Why is the legislation considered bad for US interests?

• It enhances US security measures.

• It boosts the US economy.

• It undermines US representatives abroad.

• It strengthens US diplomatic relations.

What is the speaker's view on the US Treasury market?

• It is declining in value.

• It is unstable and risky.

• It is the deepest and most liquid in the world.

• It is dependent on foreign investments.

What is the speaker's stance on foreign investment in the US?

• Foreign investment is unnecessary for the US economy.

• Foreign investment is not welcome.

• The US should limit foreign investment.

• The US welcomes and will continue to welcome foreign investment.