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The US government aims to reach a budget compromise by 1 June. Republicans, led by Kevin McCarthy, demand spending cuts in exchange for raising the debt limit. While US president Joe Biden has joined the talks, he has urged GOP members to reconsider their 'extreme positions'
Need to go higher and how much higher do we need to go. >> bret: when you talk about the u.s. economy, especially in the administration, they say look around the world. we are still the place where money comes. it's still the best bet around the world. do you agree with that when you look around the world? >> i do. as much as it seems like, you know, you turn on the news. we always have political challenges here at home. when i compare our challenges other major economies, especially europe or china i think we have strong things going with us. deal with. so near term challenges we have. we nee...
Will pay. they will pay with their drop, they will pay with their savings. they will pay with benefits. all of that will be cut if we default. >> republicans are trying to have a budgetary conversation in a debate that really doesn't have anything to do with the budget. and in part of that, they have this wish list of spending cuts. and ways in which they would tinker with certain entitlement programs. what do those cuts mean for the american people? >> yeah. the cuts reflect this -- reflects weak against anything the democrats are for. democrats want to protect ukraine from a russian invasion...
Thread. what the white house strategy is going to be is to try to make it so that few republican votes fall off of the house bill that was passed by mccarthy and that they will need democratic votes in order to shore it up and get to a final deal. so it is a very particular, made lick c made trick could you husband process where they try to find -- some republicans won't go for the cuts to renewable energy. especially in states where they are using renewable projects that they do want that money. and so they will have to go sort of a program by program, but big broad entitlement programs like ...
Should stick to their guns, demand the spending cuts we need. and if they do not get them that the default happen, do you agree that position? sooner or later there will be a deal for neither party wants to be responsible for being the one to be blamed for america going into default. long-term the only way to solve this is to deal with the so-called entitlement programs for that's medicare, medicaid, social security, obamacare and a few others. donald trump when he ran 2006 he did not talk about the entitlement programs he knew politically as a debt issue. whenever you raise those they're goin...