Biden Adviser Says Spending Caps Can Be ‘Overridden’ If President Wants
View Source | May 31, 2023 1:56 pm
- 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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