Page 24 - Budget Caps News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It does incorporate budget caps and incorporates the tax bill and other priorities. we do think that that budget will outline a path to fiscal reform. >> still running deficits at that point, and now you've got this $300 billion cap to raise, so is it just economic growth? is that the only way? >> economic growth is essential to cutting deficits and to restorying fiscal responsibility. again, this outlines a lot more details in the budget. >> white house communications director crafted a statement from your office yesterday, and among them, you have the defense issued by the chief of staff. yo...

To make it even bigger in a historical sense, because there is no fiscal discipline, congress basically imposed a limit on itself with this budget cap. saying you can't spend more money. what they've done is they've blown up the 2011 budget control act and blown up budget caps. at least for the next two years there are no limits on spending. they say it's going to be at least a $1 trillion deficit in 2019. >> harris: republicans are getting a great deal of criticism within their own part party. $300 billion over the next couple of years to pay for raising the cap in certain areas is something ...

The republican senator rand paul that is not happy about all this spending, our capitol news team says he's right now refusing to go along with the procedure that would let the senate vote. that could keep the senate from making any kind of deal until 1:00 a.m. on friday. is that 1:00 a.m. saturday? 1:00 a.m. friday. so late thursday night. that's late tonight, early tomorrow morning. an hour after the government runs out of cash at midnight. he just wants a quick vote on budget caps. it's not the first time that senator paul has blocked a deal of this sort. even aside from senator paul, the b...

Saying growing by 13% adds to the congress, not draining it. this is not what the american people sent us to do. is the president concerned about this spending? and what exactly is your plan to pay for it? >> he is concerned about spending in washington. he's expressed that for years. let me say off the bat, we support the two-year spending bill that is being discussed and voted on in the house and senate. it lifts the caps on defense spending, which is something that the secretary of defense, the president's generals have told them that they need to ensure that we rebuild our military and pro...

I think this bill covers that. let's put this in perspective, though. 70% of our budget is non-discretionary. we're only dealing with 30%. there are balances if play here. from that perspective the military funding adequately funding our military, knowing that we have a great leader in general mattis, our secretary of defense behind us, i think that this is why i'm leaning yes and why i probably will end up voting yes on the bill. >> jon: this senate bill would eliminate the budget caps that were voted in a few years ago which were at the time sort of hailed by a lot of fiscally conservative r...