Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Biden brushes off Republicans’ defense spending concerns over debt ceiling deal, suggests deal could be made

by May 30, 2023
May 30, 2023
Biden brushes off Republicans’ defense spending concerns over debt ceiling deal, suggests deal could be made

President Joe Biden on Monday responded to Republican criticism of the defense spending included in the deal he reached with House Speaker Kevin McCarthy over the weekend to avert a potentially catastrophic default in the nation’s debt.

Speaking with reporters on the South Lawn of the White House as he departed for Delaware, Biden brushed off the concerns and suggested that if any further defense spending was needed, he had ‘no doubt’ it would have bipartisan approval.

‘Look, whatever the fighting force needs, if there’s another – first of all, they’ve passed my budget. What I asked for in defense, they passed it. Obviously if there’s any existential need for additional funding, I have no doubt we’d be able to get it because we’d jointly do it,’ Biden said when questioned about Republicans’ complaints.

Biden’s comments come as Republican rhetoric continues to heat up over concern about the defense budget included in the agreement. Earlier on Monday, Sen. Lindsey Graham, R-S.C., vowed he would do everything within his power to ‘undo’ the bipartisan debt ceiling bill and the ‘disaster’ he said it would be for America’s defense.

‘I will use all powers available to me in the Senate to have amendment votes to undo this catastrophe for defense,’ Graham wrote on Twitter. ‘I support raising the debt limit for 90 days to give us a chance to correct this disaster for defense.’ 

‘Have total disgust for political leaders’ decision to make it remotely possible to gut our national security apparatus at a time of great peril. Take this absurd idea off the table,’ he added.

Biden and McCarthy reached an agreement on the debt ceiling late Sunday, just days ahead of the expected June 5 deadline to avoid a debt default. They released the House version of the bill later in the evening.

The deal includes a 3% rise in defense spending next year, less than the current annual inflation rate of more than 4%. It would also keep nondefense spending roughly flat in the 2024 fiscal year and increase it by 1% the following year, as well as provide for a 2-year debt-limit increase.

The House Rules Committee will meet at 3 p.m. on Tuesday to prepare the debt ceiling bill for a debate on the floor Wednesday.

Fox News’ Danielle Wallace, Chad Pergram and Bradford Betz contributed to this report.

Brandon Gillespie is an associate editor at Fox News. Follow him on Twitter at @brandon_cg.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Lindsey Graham vows to ‘undo’ ‘absurd’ bipartisan debt deal, calls it ‘disaster for defense’
next post
80% of Irish businesses believe career progression opportunities are limited for hybrid workers

You may also like

Catholic Church struggles to maintain Christian presence in...

June 27, 2024

Israeli Minister touts Marine Le Pen as ‘excellent’...

July 7, 2024

No 2 Republican Steve Scalise lays out government...

January 29, 2025

Biden’s SOTU blasted as ‘nakedly partisan’ campaign speech:...

March 8, 2024

CORRUPT MEDIA AND BIG TECH COLLUSION: They Slander...

November 19, 2022

DeSantis Unloads On the Hypocrisy of the Left’s...

September 18, 2022

OpenAI CEO Sam Altman reveals what he thinks...

May 17, 2023

CBP has experienced 575,000 migrant encounters since Oct....

December 23, 2022

1 in 3 Democrats believe Trump faked assassination...

July 21, 2024

Rep Gimenez warns China is ‘greatest threat’ to...

December 15, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • IVF parents should have right to paid fertility leave, says GMB union

      June 9, 2025
    • Reform UK clashes with Bank of England over interest payments to lenders

      June 9, 2025
    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025

    Categories

    • Business (8,154)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved