Biden Adviser Says Spending Caps Can Be ‘Overridden’ If President Wants

  • 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.
Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.