- President Joe Biden’s Deputy Director of National Economic Council, Bharat Ramamurti, said Tuesday on CNN that spending caps could be “overridden” if need be.
- Speaker of the House Kevin McCarthy and Biden have struck a deal to raise the debt ceiling, stipulating a freeze on non-defense discretionary spending at fiscal year 2022 levels, capping federal spending increases at one percent per year over a six-year period, work requirements for welfare recipients, resuming student loan payments and permitting reform to speed up energy projects.
- Host Kate Bolduan noted some Republicans are upset about the increase in military spending, arguing it’s not enough to keep up with inflation. Bolduan then played a recent clip in which Biden said he had no concerns about the possibility of needing and obtaining extra financial resources.
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Biden Adviser Says Spending Caps Can Be ‘Overridden’ If President Wants
FILE - President Joe Biden talks with House Speaker Kevin McCarthy of Calif., on the House steps as they leave after attending an annual St. Patrick's Day luncheon gathering at the Capitol in Washington, Friday, March 17, 2023. Facing the risk of a government default as soon as June 1, President Joe Biden has invited the top four congressional leaders to a White House meeting for talks on Tuesday, May 9. (AP Photo/Alex Brandon, File)
