Page 2 - Spending Flat News Today

US politicians scramble to secure a cross-party deal on raising the national debt limit to avoid a potential default.

Deal to raise the nations death limit. now is the hard part. the convince party members to put it forward. they call on the house and senate. it would raise the debt ceiling until january 2025 and budget caps for the next two years keeping non-defense spending flat for this year and allowing for a 1% increase the year after. >> president biden: this is a deal that is good news i believe youll see for american people and prevents the worst possible crisis, default for the first time in our nation...

Oo about cutting spending. and one final note that ebony might not have realized, because of the sequester, government spending has gone down two consecutive years in a row. this has not happened since president truman. so sequestration is working for americans, theyre not hurting, the sky is not falling. >> ebony, would you consider tax cuts? youre a democrat and talking about tax increases, but the you cut taxes, presidents reagan and george w. bush, when they cut tax rates, the economy expand...

Because of our military. but without the military, it is possible theres no reason for us to be meeting. >> the presidents budget remains a hard sell for his fiscal hawks. congressman mark meadows among them chairs the freedom caulkoucaulk o -- caucus. >> the taxpayer lost. we were making sure we funded the military and kept other spending flat. thats what we passed. yet what we got put on -- on the house floor just -- just a few hours later was unbelievable budget deal that spent american taxpa...