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martha: the meat conglomerates. what did psaki say? the greedy meat conglomerates. they start pointing their fingers. the people know what the problem. they see the war on fossil fuels, losing energy dependence made gas prices go up, how the 11 million unfilled jobs were caused by specific policies of the biden administration. they know that small businesses in particular are having to raise prices because that s the only way they can get people to work, to pay them so much that they have virtually have no profit margin. so it s the overall thing that is causing the inflation right now is deficit spending that is monetized by the federal reserve. that means that the federal reserve is buying up all of the debt that is being issued in order to pay for these trillion dollar plans and printing money, ....
we are starting to experience elevated volatility in the markets. the cascade effects in the coming weeks could go anywhere from a recession to a complete catastrophe for the global economy, and i don t know why anyone would take a chance like that. reporter: defaulting could also disrupt social security payments for nearly 50 million seniors and military benefits for two and a half million veterans. why. repter: lewis franklin served two tours in iraq. there s no reason for it, other than it s a giant chess game that the senate and the house play, and we re the ones who pay the price. it sucks. reporter: republicans say they don t want default. they re just trying to highlight the democrats multitrillion dollar plans for new social programs. we d kind of like to know how much money 245eu intend to spend. and they don t want to say that, because i think when they do, the american people are going to be the first ones to object to it. reporter: tonight, democrats appe ....
U.n. headquarters. a bit later today, the couple will speak about covid at a charity concert in central park. let s go now to washington and a critical week ahead for president biden s economic agenda. this week, the president met with democrats to iron out the details of both the spending and infrastructure bills ahead of their impending deadlines. nbc s monica alba is joining us from the white house once again. monica, how does the president plan to pay for his proposal? reporter: we ve known about the broad outlines of these plans for months, alex and from the beginning, the president has said the way he wants to pay for these multitrillion dollar plans is by raising taxes on the wealthiest earners in this country and on corporations. that s something he has been pretty consistent about, but what hasn t been clear is exactly from which menu of options they re going to choose to do that. and we do know from an announcement from speaker nancy pelosi and majority leader chuck schum ....
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