Budget Aide News Today

Laying out. president bidens first budget aide say they dont see a massive spike in inflation if all of these proposals go through. it is congress who decides how much money the federal government has each year. it remains to be seen. what you get a look at is how the president envisions the federal government over the next few years. >> it is significant. well see what congress does with this proposal. another sense of issue i want to discuss with you. we are a few weeks away from the biden/put...

>> well, we really arent raising taxes. we are lowering rates to help generate revenue. >> reporter: still, the plan would lower reduction for mortgage interest and health insurance and savings for retirement. taxpayers would pay $1.2 trillion more in the next decade. on the house side, on democrats voiced interest and most of them are not persuaded. >> there are a lot of questions because there arent details about the prose subpoenaed the content. an 11th hour situation. >> reporter: at the whi...

On the house side, on democrats voiced interest and most of them are not persuaded. >> there are a lot of questions because there arent details about the prose subpoenaed the content. an 11th hour situation. >> reporter: at the white house, budget aide said there is still time to get it through congress before the august 2 deadline. but barely. >> we think there should be and there could be but im not laying bets it will happen. a fox new poll show americans dont raise supporting the debt ceil...

$1.2 trillion more in the next decade. on the house side, on democrats voiced interest and most of them are not persuaded. >> there are a lot of questions because there arent details about the prose subpoenaed the content. an 11th hour situation. >> reporter: at the white house, budget aide said there is still time to get it through congress before the august 2 deadline. but barely. >> we think there should be and there could be but im not laying bets it will happen. a fox new poll show americ...

>> well, we really arent raising taxes. we are lowering rates to help generate revenue. >> reporter: still, the plan would lower reduction for mortgage interest and health insurance and savings for retirement. taxpayers would pay $1.2 trillion more in the next decade. on the house side, on democrats voiced interest and most of them are not persuaded. >> there are a lot of questions because there arent details about the prose subpoenaed the content. an 11th hour situation. >> reporter: at the whi...