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For the week. it is just untenable and unaffordable to the average american. it was mind blowing the cost of things that have gone up so much under his leadership as president. >> they say that because of inflation the average family is spending an additional $709 a month for the past two years, which makes it even more difficult for them to be able to balance budget and people who have 401(k) plans invading the 401(k) to survive. what do you think congress is going to be able to do going forward to bring this to some kind of head as it relates to joe biden? >> well, if we don't cap spending t...

Americans. the americans are down there at 4%. it's not actually just level, the fact that the americans inflation is down a bit, the eurozone is down a bit, and ours is stuck at 8.7% now we know the bank of england has got its one club interest rates, they put on 50 basis points this week. let's talk about what the government can do. give me one thing that you in the treasury are doing to tackle this inflation? >> as chief secretary to the treasury, my responsibility, fundamentally, primarily used to control public spending. that is an incredibly challenging job at this time. because we have ...

The presidents 2024 budget. the steel cap spending at 704 billion dollars. according to the congressional budget office. and now here's -- an exchange for raising the debt ceiling until 2025. the new law keeps domestic spending back, well aligned for increases in defense spending. the legislation widens the work requirement age for adult receiving sag benefits, or food stabs to 50 to 54 years old. but it exempts veterans and for the first time ever unhoused people are now eligible to receive a snap benefit. the bill clause back unspent covid funds and scales back expanded funding for the irs. ...

Table. protects our hard-earned economic recovery, and the agreement also represents a compromise, which means that no one got everything they want. but that is the responsibility of governing. >> maybe it doesn't do everything for everyone, but this is a step in the right direction that no one thought we would be at today. >> the deal would suspend the debt limit into 2025, and cap spending for the next two years, while allowing defense and veteran spending to increase. spending on other domestic programs will fall by about one billion dollars next year, according to white house officials. in...

It is my great honor. thank you very much. >> one other thing. go to the very end of the book and you will see my wife and me. the very end of the book. i encourage people to go online and get a copy. god bless you. >> thank you very much. >> see you next time on life liberty and leaven. ♪ >> breaking tonight, it is a deal. is it any good? will it pass congress? good evening, everyone. welcome to the next revolution. hope you're having a fantastic memorial day weekend. let's get straight to the questions about last night's debt ceiling. cut spending to 2022 levels. cap spending at 1% for the...