During an interview aired on Friday’s edition of the Fox Business Network’s “Maria Bartiromo’s Wall Street,” Sen. Bill Hagerty (R-TN) said that there is “still a great deal of inflation baked in” the economy because of unspent money from the
On Wednesday’s broadcast of CNN’s “Inside Politics,” CNN Business Reporter Matt Egan stated that the high inflation “is being driven by this perfect storm of COVID, the war in Ukraine, and unprecedented stimulus from Washington.” Egan stated, “I mean, we
South Korean President Yoon Suk-yeol held a fiscal strategy meeting at a university near Seoul on Thursday. Yoon said it was time to “wake up from the fantasy of fiscal universalism” and realize that unlimited government spending is not the way to nourish a healthy economy.
On Tuesday’s broadcast of Newsmax TV’s “The Record with Greta Van Susteren,” Economics Professor at the University of Chicago Booth School of Business Austan Goolsbee, who served as Chairman of the Council of Economic Advisers under President Barack Obama, stated
Heritage Action for America urged senators to oppose Democrats’ $48 billion bailout for restaurants, gyms, and live event venues, Breitbart News has learned exclusively.
On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Rep. Ro Khanna (D-CA) stated that part of the inflation issue is “too much money chasing production that has gone down,” and “Part of it was the government
On Tuesday’s “CNN Tonight,” Transportation Secretary Pete Buttigieg responded to a question on whether the spending in the American Rescue Plan is partially to blame for inflation by stating that “we have a lot of the issues that are associated
On Thursday’s broadcast of CNN’s “New Day,” White House Council of Economic Advisers member Jared Bernstein argued that inflation numbers in Europe, which are “not quite as high as ours,” undercut the argument that “somehow U.S. spending was responsible” for inflation.
On Wednesday’s broadcast of the Fox News Channel’s “Your World,” host Neil Cavuto responded to President Joe Biden arguing earlier in the day that “bringing down the deficit is one way to ease inflationary pressures” by stating that this should probably
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher argued that Democrats should be the “most upset” about the theft and fraudulent attainment of COVID relief money and questioned why Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) “are
On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Sen. Jon Ossoff (D-GA) said that the “massive fiscal and monetary response” to the coronavirus pandemic has “taken a toll” on inflation. Host Bret Baier asked, [relevant exchange begins around
During an interview with “Pod Save America” on Wednesday released on Tuesday, Sen. Elizabeth Warren (D-MA) said that all the money that the spending in the American Rescue Plan put into the economy played a role in inflation. Warren stated,
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that while there is inflation taking place everywhere in the world, America’s inflation numbers are “significantly higher” than the numbers in most of the other comparable countries and this
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” MSNBC Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said we need to “start dealing with the deficit as part of trying to bring down
During the “Overtime” segment of his “Real Time” show on Friday, Bill Maher expressed concern over massive levels of government debt, said that we’re not in a pandemic anymore, and stated that it’s questionable whether we should have had such
States led by Republican governors and legislatures have been overwhelmingly more successful at bringing their respective state’s economic recovery before those governed by Democrats, according to an analysis of the February state-by-state unemployment data from the Department of Labor.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that while he thinks increased coronavirus funding is needed, “the Republicans are right to make that point that we need to pay for this money.” Because deficit spending fuels
On Tuesday’s broadcast of CNN’s “Situation Room,” Sen. Joe Manchin (D-WV) said that he doesn’t see gas prices or inflation decreasing “at all.” And argued that “you’ve got to get your financial house in order” and ensure American energy independence.
During a portion of an interview aired on Thursday’s broadcast of the Fox Business Network’s “Kudlow,” Sen. Tim Scott (R-SC) stated that Democratic policies have “led to a 40-year high in inflation” but House Democrats are “still pouring more money
On Monday’s broadcast of NPR’s “All Things Considered,” House Majority Whip Rep. James Clyburn (D-SC) stated that when policymakers “start putting money out the way we did with the rescue act, you’re going to fan inflation.” He also stated that getting
On Friday’s broadcast of the Fox News Channel’s “America’s Newsroom,” Colorado Gov. Jared Polis (D) said that the federal government has to pay for spending and “We can’t keep borrowing and borrowing and borrowing. That adds inflationary pressure over time.”
On Friday’s broadcast of MSNBC’s “Morning Joe,” MSNBC Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said that President Joe Biden’s explanation for what’s causing inflation is incorrect, “the primary blame for the inflationary
The UK government has continued its spending and borrowing spree, with the state borrowing £136 billion over the fiscal year to November.
On Monday’s “CNN Newsroom,” House Assistant Whip Brendan Boyle (D-PA) stated that he hopes the benefits in the Build Back Better reconciliation bill are extended beyond their duration as outlined in the original bill and he believes if that happens,
During an interview with CBS’ “The Takeout” podcast recorded on Tuesday and released on Friday, Rep. Abigail Spanberger (D-VA) stated that the version of the Build Back Better reconciliation bill that will ultimately pass will be “either fully paid for
Rep. Elissa Slotkin (D-MI) believes President Joe Biden’s $1.75 trillion Build Back Better Act is imperfect but said Friday that she voted for it anyway, noting that the Senate would likely “slim down” the behemoth legislation.
On Thursday’s broadcast of MSNBC’s “All In,” Senate Budget Committee Chairman Bernie Sanders (I-VT) stated that with the Build Back Better reconciliation bill, “we are trying to…break through this myth of the need for austerity and to make it clear
On Wednesday’s broadcast of CNN’s “The Lead,” White House Chief of Staff Ron Klain argued that provisions in the Build Back Better reconciliation bill like “increasing IRS enforcement on high-income taxpayers” will “help control federal spending. They are sound, long-term
On Wednesday’s broadcast of CNN’s “The Lead,” White House Chief of Staff Ron Klain argued that inflation concerns “make the strongest possible case” for the Build Back Better reconciliation bill that “doesn’t put any more money into the economy on
On Monday’s broadcast of CNN’s “At This Hour,” House Budget Committee Chairman John Yarmuth (D-KY) said he doesn’t know how wasteful government spending would increase gas prices, and that it’s “insane for anybody to believe” that the Build Back Better
Hidden at the very bottom of the $1 trillion infrastructure bill that President Joe Biden will soon sign is the “Minority Business Development Act,” which grants the federal government broad spending powers to help “socially or economically disadvantaged” individuals.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks argued that if the $3.5 trillion reconciliation bill passes, it will increase demand, and because the supply chain problems are due to demand outpacing supply, there is a risk that the reconciliation
On Friday’s broadcast of CNN’s “The Lead,” Congressional Progressive Caucus Chair Rep. Pramila Jayapal (D-WA) stated that because the price tag of the $3.5 trillion reconciliation bill is spent over ten years “if you divide that out, it’s very little each
On Thursday’s broadcast of the Fox Business Network’s “Kudlow,” Sen. Bill Hagerty (R-TN) argued that whatever the final dollar amount of the budget reconciliation bill is, the bill is “broadening social programs to an extent that they’ll never be cut
On Wednesday’s broadcast of CNN’s “Situation Room,” Congressional Progressive Caucus Chair Rep. Pramila Jayapal (D-WA) stated that the Progressive Caucus believes that if the cost of the budget reconciliation bill has to be lowered, they should “cut the number of
On Monday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Sen. Tom Cotton (R-AR) stated that Democrats are being deceptive on the cost of the reconciliation bill since the programs in the bill won’t actually expire and will just be
On Monday’s broadcast of CNN’s “At This Hour,” Rep. Jared Huffman (D-CA) stated that there are ways to lower the topline price of the reconciliation bill “creatively.” Such as shortening the duration of some of the programs, and once those
On Saturday’s broadcast of MSNBC’s “Yasmin Vossoughian Reports,” Rep. Ritchie Torres (D-NY) argued that the $3.5 trillion price tag for the Build Back Better Act reconciliation package “is a modest investment” for an economy the size of America’s. Torres said, “[T]here’s
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that he thinks there are other moderates in the Democratic Party who are “hiding behind” Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) and “there are moderates in the Democratic Party who
On Thursday’s broadcast of CNN’s “OutFront,” House Budget Committee Chairman John Yarmuth (D-KY) said that $3.5 trillion in spending under the reconciliation bill “is pretty inconsequential when you consider all the benefits to the American people,” and “The federal government