Page 46 - Spending Program News Today

0 >> cbs weekend news is next. captioning sponsored by cbs . >> duncan: tonight a major oil spill off southern california. crews scramble to contain the crude after an offshore pipeline ruptured. at least 126,000 gallons pour into the ocean. beaches are fouled, wildlife killed. >> the impact to the environment is irreversible. >> also tonight vaccination or suspension for not getting shots. some as early as tomorrow. the crackdown rejected in some states. >> i truly believe that the mandate only...

More on this. first, you know, we are talking about government shutdown. debt ceiling. infrastructure. the presidents entire spending program. how much is riding for the biden administration on all this? >> i mean, i think how his term in office -- this one term in office if he is not re-elected or even if he is -- you will look at this biden term by what happens here, john. i mean, its nothing shorter than that. we dont usually see a presidents entire economic agenda all in one moment in time o...

David, explain what each of these is. first, you know, we are talking about government shutdown. debt ceiling. infrastructure. the presidents entire spending program. how much is riding for the biden administration on all this? >> i mean, i think how his term in office -- this one term in office if he is not re-elected or even if he is -- you will look at this biden term by what happens here, john. i mean, its nothing shorter than that. we dont usually see a presidents entire economic agenda all...

The last year, for example, on covid. debate on how we raise the revenues has not been front and center. >> okay. >> i think thats where a lot of the action will be. friends of mine, like joe manchin, has said he wants to see how this is all paid for. i agree it needs to be paid for. many of the things that have been proposed will actually be tax cuts for people. for example, child tax credit that was paid out for this coming year is actually a middle class tax break. and maybe not viewed as a s...

The taliban blocking stranded americans from leaving afghanistan and threatening the lives of our allies and joe biden thanking nancy pelosi for her masterful work on a pork filled spending program. its bizarre. its embarrassing. meanwhile, infrastructure week for the taliban, too. but instead of building roads, they are blocking them so that ourafghan allies who we promiseo help cant get to the airport. the talibans message to america is loud and clear. get out now. >> we want them to evacuate ...

To build something better. >> and of course, in the nature of infrastructure spending, its not -- its not a one-year spending program. you know, this kind of building goes on for many years. the building that will be authorized by the infrastructure bill. and then the economic benefits of that work go on for years after the construction itself is completed. >> yeah. thats exactly right. and its such a great opportunity right now. a lot of this is being paid for. the president has proposed tax in...

One >> you yes absolutely. and i think the president says build back better, and he says build back better for a reason. if we can return the economy to exactly where it was in february 2020, that would be pretty good. it wouldnt be good enough, that was an economy that had a lot of inequality, that had not enough opportunities for people to work, too many children not in preschool. and of course, an economy that was not green enough. so all of those things need to change. we dont need just to p...

Of then cooperate a little bit, we can get this done. we just need a little help. chris: okay. lets assume for the sake of this interview that you do get a compromise on the pay fors and on the bipartisan infrastructure bill. at the same time that chuck you schumer is pushing that on a bipartisan basis, hes also pushing for a $3.5 trillion massive spending program which he wants to pass on a straight party line vote. question. can you separate the two, support the bipartisan compromise on infras...

Of then cooperate a little bit, we can get this done. we just need a little help. chris: okay. lets assume for the sake of this interview that you do get a compromise on the pay fors and on the bipartisan infrastructure bill. at the same time that chuck you schumer is pushing that on a bipartisan basis, hes also pushing for a $3.5 trillion massive spending program which he wants to pass on a straight party line vote. question. can you separate the two, support the bipartisan compromise on infras...

What other president has ever seen that kind of spending program? most important, lets deliver. democrats want to prove they can govern and deliver the goods for americans writ large. we know that republicans have an interest in gumming up the works and creating chaos and saying, as they did during the obama era, that democrats are unable to govern. that goes to where bernie sanders is. that was the senate budget committee chairman talking. that was not the presidential candidate talking. people...