Baseline Spending News Today

♪ ♪ agreement in principle. president biden and speaker mccarthy reach a deal to raise the debt limit. >> we still have a lot of work to do. >> but with lawmakers on both sides skeptical, do they have the votes to actually pass it? ill speak exclusively with house progressive leader congresswoman jamila jayapal and dusty johnson next. and room to grow? more republican presidential hopefuls jump in. >> im running to lead our great american comeback. >> im the candidate the far lef...

mar-a-lago back to the national archives. there was back and forth. this was in the summer of 2021. trump is meeting with people writing an autobiography for mark meadows. they are talking about a story that came out in the new yorker that susan glasser published. it was on general mark milley, the chairman of the joint chiefs of staff. it was about his concerns in those waning days of the trump presidency that trump was going to take military action when it came to iran. what were tol...

For us? >> this is not a win for the american people. republicans got nothing for this. the debt ceiling bill doesnt have a limit on the debt ceiling. we are signing into -- well be signing into law making it plain that the covid levels, the highest spending level in this country, were signing that into law to say its baseline spending going forward. the work requirements you mentioned, found out it expand government welfare, not shrink it. the irs stuff is $1.4 billion, thats nothing. i read th...

Republican because where the president started and where he is today and miles apart there are a great checklist of things that other republicans can be happy with. one another thing, ive heard concerns from the people in the senate about what was going to happen with defense spending and because of the increase in the baseline spending in december. i think they can live with it and it will get a lot of votes. >> progressives think they got sold down the river. >> social security, medicaid, medi...

Had we just grown spending by population growth and inflation we would have .5.1. were that close to balancing the budget. but the pandemic blew a hole in the federal budget. we spent well over $6 trillion and the baseline spending is somewhere around $6 trillion. a trillion half more than we spent prior to the pandemic. there ought to be all kinds of cuts. we ought to return to that baseline and we ought to pass a budget. if we cant balance it, if we have to increase the debt ceiling, use the d...

Economy? youve said it yourself, its -- theres nowhere -- its not a republican debt or a democratic debt, its an american debt and its been accumulated by all americans. why should the republicans stay on the sidelines here? why should you be responsible for governing if youre going to be irresponsible when in the minority? >> a couple things. whenever weve raised the debt ceiling in the past its mostly been under divided government. this is one of the first times when you have all the tools to ...

The government from shutting down? >> this is going to be one of the most interesting things ive witnessed since ive been in the senate, neil, and its in the context -- youve got to remember that we run trillion dollar deficits annually. and with this new baseline spending, those are soon to go to $1.5 trillion. and for all your viewers out there, divide that into what we spend each year, $4.5 trillion. that means the government is already routine libor rowing close to -- routinely borrowing clo...

Over eight years including baseline spending and that it wouldnt include a tax increase. i just feel like weve missed a real opportunity here for at least 20 republicans to join with the other democrats to pass the most robust infrastructure package that we could have. >> any hope of a potential bipartisan deal shifts to a different group of senators. one of them republican bill cassidy tweeting yesterday the president just called to discuss infrastructure. goes on to stay strongly support senat...

Infrastructure? >> yes. and the president name dropped -- or jen psaki name dropped bill cassidy as one of the new republicans that the president is talking to as he looks for another way to get the size of the package that he wants. so they are not saying this is something that is done and that they are moving on from. but they are saying that when the president goes overseas tomorrow for his first trip to europe as president, he is going it be in touch with lawmakers back here in washington tr...

Was our red line, not his. and the last offer that i got from the president had four tax increases in it. and it also was much closer in numbers what the white house is putting out right now. so im disappointed with that. but, i just feel like we have missed a real opportunity here for at least 20 republicans to join with the other democrats to pass the most robust infrastructure package that we could have. and im still very dedicated to it and will be working through my committee to see that we...