Page 10 - Spending Side News Today

All the stuff about procedure, i want to sort of center things a little bit. the problem for president joe biden and democrats here is pretty clear. with the narrows possibly majority in the senate, they need all 50 democratic senate doctors to agree. again unanimously on legislation. and to democrats have emerged in the face of opposition in the partys agenda, there is west virginia joe manchin and arizona sinema. say what you will about senator manchin but he represents the state dold trump wo...

Okay we, will dress it ourselves. and republicans block that to. so its extremely irresponsible with the republican party is doing. and it is threatening not just to the u.s. economy but the global economy. >> was -- what is the current republican demand? or is there a republican demand for increasing the debt limit? >> no. you would think that maybe they are sayi, oh, can you guys do something to address the bt? can you change something on the spending side? no, there is no demand. its just, do...

>> no. you would think that maybe theyre saying, okay, maybe can you guys do something to address e debt? can you change something on the spending side? no. there is no dend. it is just do it by yourself, but do it in a particular way. and like i said, it is not based, as far as i can tell, on a policy concern. it is purely about making things as difficult as possible for the democratic party and pushing the united states to the brink of a devastating defaul and remember secretary yellen ted thi...

Seems to be the pressure that mitch mcconnell is putting on democrats, if youre doing this other stuff on your own, youre on your own raising the debt ceiling. what do you think of that approach? >> i think thats something, neil, you know, theres always been bipartisan support on, you know, paying our bills, maintaining the full faith and credit of the united states. the debate should be on the spending side. once the expenditures are made we clearly have to pay our bills just like any american ...

Some really tough situations there. so i think when we look back on this month and you never want to sort of prejudge history before it happens, this is such a crucial month. so many things have happened. and were focused on the tax side, the spending side, there is an immigration component. we have this diplomatic spat with france now over the submarines for australia. there is a lot going on and the white house obviously is trying to stay on top of it all. there are many different moving parts...

A bipartisan group of senators says it has reached a tentative deal on infrastructure legislation and plans to meet with president biden at the white house this morning. they say they have at least ten republican senators on board, but can they count on all 50 senate democrats? we might have an answer to that. joining me is democratic whip dick durbin of illinois. thank you for being here. maybe you have news for us. first, whats in this deal? >> well, i can tell you that i saw a review of it ju...

And chairman powell. what do you think he says about the economy and all the pressure on the spending side? >> i think the regulators will not press him on any of these topics that i hope we have a few moments to talk about. i think youre going to get -- this is my view -- climate change and global warming is the idealogical mantra of this whole administration. it runs thick and far through every policy and that includes foreign policy. they see this as a threat. i want to say, im not a climate ...

They see it as something where they dont have any freedom or power. we were talking about as an individual, the whole government, people kind of look at it that way. i look at elizabeth warren this way. president trump talks about promises kept. when you move into this election season, he might have thought button a little harder on #promiseskept."goingagainstmelir en,ittookherweeksafteradebatetoc omeupwiththepromisethatshewouldh a vetokeeponhowshewouldpayforherm e d icareforall. right?occursisn...

Billionaires, its the spending side that does not add up. when you start adding it up, the medicare for all, just all of the crazy programs that she has, she probably wants to forgive student debt as well. im not sure that she went there yet, but she will be. you start adding up everything that she wants to do, forget about billionaires and millionaires. it is the average joe that is going to get screwed. it is just logic. even her democratic opponents know it. even guys like the people in corpo...

The white house and congressional leaders in both parties have now agreed on a two-year benefit deal which also raises the debt ceiling for two years. if this passes without any last minute objections from any side, it would postpone the next fiscal showdown until after the 2020 election. kentucky democratic congressman john yarmouth joins me now. im sure this was a nail biter. do you think its going to stick? weve seen before deals and handshakes where the president walks away or theres some ob...