On Friday’s edition of Bloomberg’s “Wall Street Week,” former Biden White House Council of Economic Advisers Chair Dr. Cecilia Rouse said that “we had unprecedented demand” due to “the remarkable support that the federal government here and abroad provided to
During an interview aired on Tuesday’s broadcast of the Fox News Channel’s “Hannity,” House Speaker Rep. Mike Johnson (R-LA) stated that House Republicans will find cuts elsewhere in the budget to pay for money sent to Israel or Ukraine and
During an interview aired on Tuesday’s broadcast of the Fox News Channel’s “Hannity,” House Speaker Rep. Mike Johnson (R-LA) stated that if the House has to pass a continuing resolution to avoid a government shutdown in November, there will be
On Friday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Director Lael Brainard asserted that we’re “on a sustainable fiscal path” due to the deal brokered between Congress and the White House on spending a few
The House of Representatives finally overcame a procedural hurdle Tuesday night to allow votes on spending bills after defeating a similar motion twice last week.
While speaking with Bloomberg on Wednesday, Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that the August inflation numbers show “no sign” “that we have a
The House Freedom Caucus and conservative groups held a press conference Tuesday opposing any deal to continue government spending at current levels, hours before the House reconvened after a week-long recess to tackle the task of keeping the government open past September 30.
Speaker Kevin McCarthy is considering leaving out additional Ukraine aid from a stopgap spending bill in favor of a potential standalone vote on yet more funds for the European nation.
House Republicans are pressuring their colleagues to block radical Biden administration excesses and advance priorities like border security.
On Thursday’s broadcast of Fox News Radio’s “Brian Kilmeade Show,” Rep. Michael Waltz (R-FL) responded to criticism of the trillions of dollars added to the national debt under former President Donald Trump by 2024 GOP presidential candidate former UN Ambassador
On Thursday’s broadcast of Fox News Radio’s “Brian Kilmeade Show,” 2024 Republican presidential candidate Florida Gov. Ron DeSantis (R) said that Republicans have added trillions to the debt, including under the Trump administration, and “There’s something about these rich men
Former U.N. Ambassador Nikki Haley criticized her Republican opponents for supporting increased spending under former President Donald Trump’s administration during the first 2024 GOP primary debate.
On Friday’s broadcast of the Fox Business Network’s “Maria Bartiromo’s Wall Street,” House Majority Leader Rep. Steve Scalise (R-LA) reacted to President Joe Biden’s request for $40 billion in supplemental funding by saying that if he wants more money, he
On Tuesday’s broadcast of CNBC’s “Squawk Box,” Congressional Budget Office (CBO) Director Phillip Swagel said that “we’ve seen the downsides” of massive government spending “over the past couple of years…with the inflation that resulted.” Although he acknowledged supply constraints were another
On Wednesday’s broadcast of CNBC’s “Squawk Box,” former Biden White House National Economic Council Director Brian Deese reacted to projected cost overruns in the Inflation Reduction Act’s green provisions by stating that the prospect of a cost overrun is “overwhelmingly,” “very
During an interview with Bloomberg on Friday, Atlanta Federal Reserve President Raphael Bostic stated that unspent stimulus on things like infrastructure will put upward pressure on inflation, but if it’s spent on things that increase productivity, it will be “much
On Wednesday’s broadcast of CNBC’s “Power Lunch,” JPMorgan Chase Chairman and CEO Jamie Dimon said that fiscal policy is contradicting the Federal Reserve’s efforts to fight inflation and that we’re currently paying for continuing COVID spending and quantitative easing for
During an interview with SiriusXM’s “The Megyn Kelly Show” that took place on Thursday and aired on Friday, 2024 Republican presidential candidate Republican Gov. Ron DeSantis (R) said that we have “a government-induced inflation crisis, starting in March of 2020,”
On Wednesday’s broadcast of C-SPAN’s “Washington Journal,” Rep. Shri Thanedar (D-MI) argued that we can’t push for spending levels below the two-year flat level agreed to in the debt limit deal because doing so would cause a shutdown, which is the
On Tuesday’s broadcast of Newsmax TV’s “Carl Higbie Primetime,” Rep. Mario Diaz-Balart (R-FL) discussed the Foreign Operations and Related Programs Appropriations Bill and stated that we can increase money to confront China and help our allies while cutting overall spending
On Wednesday’s broadcast of the Fox News Channel’s “Fox News Tonight,” 2024 presidential candidate Florida Gov. Ron DeSantis (R) said that he “would be willing to support government support” for manufacturing crucial items like semiconductors in the United States instead
During a portion of an interview with the Fox News Channel that took place on Monday and was aired on Tuesday’s broadcast of “Special Report,” 2024 Republican presidential candidate former President Donald Trump responded to the amount added to the
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Rep. Derek Kilmer (D-WA) stated that the permitting reform provisions in the debt limit bill are positive and that the reductions in spending are “progress” on “trying to actually look at some of
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen said that the spending cuts and deficit reduction in the debt limit bill and the fact that “the deficit fiscal stimulus has declined” since the end of the coronavirus
During an interview aired Friday’s broadcast of “The Issue Is,” Rep. and U.S. Senate candidate Barbara Lee (D-CA) stated that negotiations over an agreement to raise the debt limit were “lose-lose” for President Joe Biden and she voted against the
On Thursday’s broadcast of the Fox News Channel’s “America Reports,” Sen. Chris Coons (D-DE) said that the debt limit bill does push Congress to follow the appropriations process, but doing so will “be tough to do so with the reduction
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” House Assistant Minority Leader Rep. James Clyburn (D-SC) claimed that while President Joe Biden “has increased a lot of spending” “We didn’t run up the debt” because they paid for things like the
One in six retirees is now thinking about unretiring due to Bidenflation, which one analyst says “may be here to stay.”
On Monday’s broadcast of the Fox News Channel’s “Fox News Live,” Rep. Michael Burgess (R-TX) stated that the provision in the debt limit bill that if appropriations bills aren’t passed, there is an automatic 1% cut is something he “would
On Monday’s broadcast of the Fox News Channel’s “Fox & Friends,” 2024 presidential candidate and Florida Gov. Ron DeSantis (R) stated that after the debt limit deal, “our country will still be careening towards bankruptcy” like it was before since
On Sunday’s broadcast of MSNBC’s “Sunday Show,” Rep. Jasmine Crockett (D-TX) stated that the reported freeze on domestic spending in the debt limit deal “is a problem” because there is going to be inflation and stated that while Republicans didn’t
On Thursday’s broadcast of the Fox News Channel’s “The Story,” Sen. Chris Coons (D-DE) said that a debt ceiling deal that is only about cuts to domestic spending “will be difficult, because, for many of us, investing in education, workforce,
On Wednesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Rep. Thomas Massie (R-KY), who has endorsed Florida Gov. Ron DeSantis (R) in his 2024 presidential bid, stated that DeSantis’ 2024 rival, former President Donald Trump, “can’t run on inflation”
Republicans in the House are rallying behind Speaker Kevin McCarthy in his negotiations with President Joe Biden over the debt ceiling as conservative leaders are circulating a memo encouraging McCarthy to “hold the line” on critically important spending reforms as the essential core of any deal with the White House.
On Tuesday’s broadcast of CNBC’s “Squawk on the Street,” Jack Lew, who served as Treasury Secretary during the Obama administration, stated that while he doesn’t think there should have been spending changes tied to raising the debt ceiling, “Democrats are
On Monday’s edition of NBC’s “MTP Now,” Rep. Steve Cohen (D-TN) argued that we don’t need to reduce spending and “we need so much” more spending. Host Yamiche Alcindor asked, “Of course, one of the core sticking points here is
On Monday’s broadcast of CNBC’s “Squawk Box,” co-host and CNBC Senior Economics Reporter Steve Liesman stated that the Federal Reserve can’t bring down inflation all on its own and needs help from fiscal policy, and “There’s been no help at all”
House Speaker Kevin McCarthy (R-CA) slammed President Joe Biden amid debt ceiling negotiations and accused the president of preferring the United States default on its debts rather than cut federal spending.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that while he doesn’t think doing budgeting through negotiations over the debt ceiling is the best way to do things, “this is the only mechanism we seem to have,
On Friday’s broadcast of CNBC’s “Squawk Box,” Rep. Josh Gottheimer (D-NJ) stated that he believes that there will be support among Democrats for spending caps in an agreement to raise the debt ceiling — like those that are a part
