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Transcripts For FOXNEWS The Story With Martha MacCallum 20240706

unveils his debt limit plan and the white house accuses him of dangerous economic hostage taking. we have katie pavlich and robert wolf standing by. first to peter doocy on the north lawn. hi, peter. president biden and speaker mccarthy are not talking to each other. they re taking at each other. we ve been hearing for weeks at the white house that president biden s idea about the debt ceiling is simple. just raise it. republicans did it during trump. just do it again. as speaker mccarthy has a three-point plan that he announced minutes ago. i m proud to announce that we are introducing the limit save grow act of 2023. first, we limit government spending. our proposals also repeal biden s army of 87,000 irs agents. now, that will save taxpayers $70 billion finally. we will grow the economy so we are less dependent on china. white house officials are not commenting yet on a report that tax revenues on tax day this week were less than expected, which could bring the deb

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Transcripts for FOXNEWS The Story With Martha MacCallum 20240604 19:07:00

that s why we re in $32 trillion of debt. theful faith and credit won t be taken seriously on the world stage if the government continues to spend like this with no end in sight. robert, to that point, the president himself in some instances has tied the debt ceiling argument to government spending. he talks about the time including again today about how the wealthy need to pay their fair share. the obvious insinuation being that they re riding on the backs of the middle and lower classes. i m all for having a debate on deficit and government spending. it s interesting under president trump, 25% of all spending in the history was done under president trump. $8 trillion in four years. revenues didn t go anywhere near expected because we reduced taxes at the worst time

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Transcripts for FOXNEWS The Story With Martha MacCallum 20240604 19:14:00

on getting trump instead of being tough on crime. bragg has called this a political stunt. in his effort to block jordan s subpoenas, bragg filed a lawsuit requesting a restraining order saying the subpoena to mark pomeranz is and unfounded attempt to disrupt and ongoing state criminal prosecution. during monday s house judiciary field hearing hear in new york city, jordan urged the court to block bragg s attempt to hamper the congressional investigation that he argues is within the committee s power. now, as for pomeranz, he agrees with bragg and said the subpoena is meant to impede and interfere with trump s pending prosecution. back to you. gillian: thanks, c.b. let s bring in texas republican, wesley wouldn t. he serves on the house judiciary committee. in his suit filed last week, alvin bragg says the committee you serve on is mounting a political intimidation crusade here. he s also his attorneys in

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Transcripts for FOXNEWS The Story With Martha MacCallum 20240604 19:18:00

it s because he has a vendetta against president trump. we re pointing that out. that s why we re in new york city. gillian: all right. thank you, sir, for taking time with us. god bless you. have a great day. gillian: let s bring in andy mccarthy now a former federal prosecutor and national review contributing editor. i believe you got a chance to listen to the congressman there. what did you think? i did. it s a shame i think where we are. this is an exhibition on both sides of some theater. there were good points to be made. but at the same time, you know, it wasn t long ago that if someone was in congress on fox being interviewed and saying that the committee gives federal money or congress gives federal money to the states and therefore, you know, we have oversight authority over the states, you would have assumed

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Transcripts for FOXNEWS The Story With Martha MacCallum 20240604 19:15:00

their latest filings say this. the subpoena is part of a plan to intimidate, harass and retaliate and hold accountable d.a. bragg for enforcing new york s criminal law against a then new yorker, mr. trump. what do you say? alvin bragg is awoke soros funded d.a. that is more interested in down grading felonies to misdemeanors than he is at taking care of the people of new york. in that field hearing, we heard the stories of these americans that have been ripped apart because of the crime we ve seen in new york city because of his failed policies. we re seeing these same failed policies in all of these major cities across the united states and it s because of liberal da s just like him that do not want to enforce the law. gillian: okay. respectfully, what does that have to do with the cons constitutionality of the subpoena? i want to talk about the

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