Page 3 - Spending Level News Today

overturned roe v. wade last year, there was immediate and palpable outrage that spread quickly across the country. that a lot of people thought tt that outrage would translate to electoral doom for the political party that had been pushing to end roe. but instead, after the courts decision, the response from elected republicans was basically no big deal. >> the kind of angry leftists, many of whom were pretty ignorant and dont even know what overturning roe means, i think a month after...

(Archived document, may contain errors) 8 January 15, 1993 HOW TO GET SPENDING UNDER CONTROL

Eliminate the threat of a shutdown altogether. lawmakers still need to meet two upcoming funding deadlines and approve bills to keep the government running. >> reporter: president joe biden appeared to sign off on congressional leaders new funding agreement sunday saying in a statement that it moves the country one step closer to preventing a government shutdown. but real questions remain whether lawmakers will be able to pass pieces of legislation before january 19th. this agreement was struck ...

Graphic that says show how much discretion spending will be reigned in by this deal and the speaker urged colleagues who may be frustrated with the package to make a compromise. >> it is not 100% what everybody wants, the country will be stronger. we did a difference call and 95% were excited about what they see. every single negotiation, when it comes to debt ceiling and others, you get both sides voting to pass the bill and i expect the same. >> not every member of congress, including republic...

Sides of the aisle. some people saying it is a win for the republicans. lets be clear this is a list for the american people in general when you look at the amount of debt that were in over $30 trillion that we spent 2 trillion just over the last couple of years in relation to covid and now we clogged some of the money back but certainly not all of it. whereat a new spending level that does not look to be going down and i dont see this unsustainable. $31 trillion and going. it was not very long ...

And it all starts at just $30. its your verizon. former chair of white house counsel of economic advisers in the obama administration, he was involved in the debt ceiling negotiations. what did you think of what the congressman was telling me? >> i dont think anyone on either side thinks this is what they wanted. these things are compromises and in this case the spending level even if we didnt have a debt limit in our country they would have had to compromise on the spending level for next yea...

Table? heres how they lay this out. the president is supporting the idea of freezing the federal spending level at what they spent in 2023, and hes willing to do that for a two-year period of time. thats in line with how these agreements typically run in the past. the other area that theyre pointing to is one that, frankly, there has been some agreement on both sides about, this idea of reclaiming unspent covid funding that could be about $30 billion depending on how youre listening to. so why d...

Making janet yellen show her work. >> june 1st, everybody knows thats false. the fact is were going to have cash in june. the fact is were not going to default on our debt. thats just completely false. weve got the money to do it. so, everybody just needs to be patient. >> cnn is live at the white house. it feels difficult to keep up with the status of where these talks are going. one minute we hear that things are positive. and theyre having productive conversations. the next, it seems theyre o...

Going well. until the white house understands that they have a spending crisis, they have a tax crisis and they have a debt crisis, were not going to be able to make this deal. were not going to be able to move forward. >> now, graves mentioned spending. this is the crux of the problem. house republicans are demanding steep spending cuts, mccarthy made clear that any tax revenues are off the table, he made clear yesterday that any cuts to military spending are off the table. he had previously ag...

Year. is the baseline the fi forward in terms of this coming year. is the baseline the f1 2022 spending level, is it this you think its frozen and is the level for next year? that is a big differential in terms of what the spending level that you start with, and then after that there seems to be agreement that there would be a 1% increase, but you have to get the baseline level sent to first and you also have to decide what part of the budget, the discretionary budget is included republican thin...