default. as i said, i have already cut the deficit by 1.7 trillion my first two years in office. and the budget just submitted to congress cuts another $3 trillion in debt over the next 10 years. my budget that i submitted. i made it clear that we can cut spending and cut the deficit. for example, my budget cuts $200 billion in spending by strengthening medicare s power to negotiate for lower prescription drug prices. in addition, that s on top of the $160 billion in budget savings we passed last year by being able to reduce the price of insulin and other drugs for those on medicare. and my budget cuts 30 billion, 30 billion in spending on tax subsidies for big oil companies. they made $200 billion. they don t need a $30 billion subsidy to drill. it makes no sense. why are we handing them a
the $160 billion in budget savings we passed last year by being able to reduce the price of insulin and other drugs for those on medicare. and my budget cuts 30 billion, 30 billion in spending on tax subsidies for big oil companies. made $200 billion, they don t need a $30 billion subsidy to drill. it makes no sense. why are we handing them a $30 billion tax subsidy. and you know, it s time to stop doing that, and that s what my budget does. among other things, my budget also funds the internal revenue code so that there s enough agents to thoroughly look at the taxes of billionaires in america. this congressional budget office said it would raise $200 billion. larry summers says it raises twice that amount. it will raise a lot of money. why do they want to get rid of the people who, in fact, would
stop this. police are asking witnesses in anyone with information to come forward. all right, turning now to a big week on capitol hill. congress returns to session tomorrow after a two week break. the debt ceiling deadline will be one of the major issues facing lawmakers. president biden and house speaker kevin mccarthy are locked in a standoff over raising the debt limit. today mccarthy is holding a conference call with house republicans, and tomorrow he will deliver a speech at the new york stock exchange as he makes his pitch to investors on wall street. cnn s arlette signs at the white house uh, also, elena train is with this, elena. let s begin with you. um, you have some new reporting on house republicans plan on the debt ceiling. we do . house republicans have begun putting together a deal that would raise the debt limit for one year and include budget savings of around three trillion $24. trillion over 10 years now, house speaker kevin mccarthy wants to put this measure on the
going on throughout the officers careers which is what i think is what needs to be done. today s report agrees and also recommends that all past allegations against current or future officers are examined closely even if they didn t end up in court. police chiefs are under pressure to recruit thousands of new officers lost in past cuts, but they say they are determined to improve vetting and root out bad cops. the deputy first minister of scotland, john swinney, has announced £615 million of budget savings on top of the £560 million of savings already announced. he told msps that further cuts were required to balance the books. our scotland correspondent lorna gordon is at holyrood and has the details. john swinney said he wanted to wait until after the uk government s autumn statement to set out this