Page 6 - Spending Programs News Today

First hearing on waste, fraud and abuse in pandemic spending programs and hold many more hearings on this important issue. we owe it to the american people to get to the bottom of the greatest theft of american taxpayer dollars in history. we must identify where this money went, how much ended up in the hands of fraudsters or ineligible participants and what should be done to insure it never happens again. well evaluate the grants and loans doled out for nearly every agency in the federal govern...

Officially begun taking extraordinary measures to keep paying the federal governments bill, says the united states headed sets to tory debt limit on thursday. this is the first stop in what will be a lengthy showdown between the white house, and speaker kevin mccarthy and his fellow republicans, who are demanding massive cuts to spending programs like social security. for its, part of the white house says, quote raising the debt limit is not an investigation, its an obligation of this country an...

So i worry about it from that perspective more than 2011. but, you know, it is conceivable that we get a deal between now and then. theres no need to panic. there is time and people could realize that, hey, lets not do this particularly when the economy is still vulnerable right now. we have interest rates going up, were right at the cusp of a possible recession, if the fed messes up. we cannot add to that a debt limit crisis that raises borrowing costs, freaks everybody out, thats a ticket to r...

House investigates trump, i think that this white house should respond accordingly. for the house democrats to be talking about investigating these issues involving joe biden and ignoring all thats going on with donald trump is laughable. the whole country can see that. its downright laughable. they ought to really get a hold of themselves. >> lets talk about the looming that issue. congress needs to raise the debt limit by thursday. republicans gearing up for a fight. the huffington post writes...

How quickly things have changed. Just a year ago, the Federal Open Market Committee (FOMC) gave a picturesque view of the economy. Any inflation was transitory and would likely fall to...

Ronald reagan, one of the biggest landslide elections in history because people were so frustrated with rising prices. >> harris: and you kind of take me to this final point on all of this, steve. that is if he cant raise -- he being the president cant raise all of those trillions of cash to pump into the economy and keep his promise about build back better and all these other big spending programs then he loses the far left side of his base. he is politically in more trouble than he is right no...

Sanders. im not a socialist. im a mainstream democrat and i have been. >> sandra: interesting. at this point he still needs to clarify that. >> thats not a good place to be. i know joe biden forever. i served with him for 24 years in the u.s. senate. never thought he was a socialist at all. but in pushing for some of these big spending programs, trillions of dollars like the original build back better bill, it appeared to a lot of people that he was adopting the platform of people like bernie sa...

You have 4.9 trillion that has been spent and disbursed. so you have about 16.5 billion already allocated out there. that used to mean something. 800 billion remaining that has not been allocated. so wouldnt you want to start there instead of coming up with new spending programs? >> sure. if we can have unallocated money, thats fine. theres two sides to this, martha. theres money that will increase consumer demand. thats not the answer what we want to invest is things that will increase the coun...

Stocks. gillian: now that we know inflations not going anywhere this quarter, probably not even this year, you say theres a perfect storm of conditions that is actually causing it to stay up the way were seeing. talk to us about that. >> yeah. we had a bad combination of things. we overstimulated the demand side of the economy with a lot of fiscal spending programs. the fed intervened and printed money like crazy and kept interest rates low. and then on the supply side of the equation, we have a...

Vaccine mandates. one of the big things that they talked about is how they move trucking supplies and such an important part of the supply train and then the mandates put in place and now here they are. they see theyre firmly in place and continue to push back against any efforts to get them to move. well see where things go in the coming days. right now theyre going literally nowhere. martha? >> martha: thanks very much. well be back to that story in a short time. we want to go to virginia gove...