tonight. good evening, peter. mike, on this memorial day, president biden is expressing confidence that there won t be a debt default while also trying to express condolences to the families of fallen american service members. god bless all those who gave their lives so our nation might live. present arms. peter: hours after solemn wreath laying at arlington national cemetery. i never say i m confident with what the congress are going to do. i feel very good about it. headlines of the deal suspending the debt limit until 2025 and limiting federal spending. what this will do is it increases defense and increases veterans. if you take nondefense with veterans out it, goes bloat level of 2022. congressman chip roy doesn t like the deal and roy sits on the rules committee where the bill goes next. he tweets a reminder that during speaker negotiations to build the collision that it was explicit both that nothing would pass rules committee without at least 7 g.o.p.
in january sometimes you have got to break glass in this town. we will move past this. we all have thick skin at the end of the day i just disagree. we came together and were unified a month ago and we passed something that was meaningful. $1.5 trillion debt ceiling increase for very substantive changes for direction of the country. we are barreling towards unlimited debt in this country. just barreling toward infinite amount of debt and we have got to stop that the american people didn t send me here to just do what the defense establishment, the spending appropriators want to do in this town which is spend money we don t have. and respectfully a all this does is bends a curve off of a precovid or a post covid curve, right? instead of precovid levels we are now going up the post covid curve and we are flattening out, basically freezing spending for two years for a $4 trillion debt increase. my constituents at home do not want that. so i m going to be making that loud and clear to my r
the table and i think that s what happened here. mike: okay. reaction from senate republican leader mitch mcconnell is, quote: the agreement the speaker reached with president biden sets meaningful limits on the administration spending agenda. at the same time, it secures permitting reforms and reinforces the links between federal assistance and work. the senate must act swiftly and pass this agreement without unnecessary delay. byron, your thoughts? it all depends on how you came into this story. i mean, federal spending has been insanely high for many years. but it got really insanely high in march 2020 with the start of covid. and in the big picture, what chip roy and the other republicans were trying to do is to try to return federal spending back to precovid levels, to not let the huge emergency covid spending turn into a new baseline for the federal spending and that they lost. i mean, republicans did lose on that. now, for other people, you say
post covid curve, right? instead of precovid levels we are now going up the post covid curve and flattening out. basically freezing spending for two years for a $4 trillion debt increase. mike: let s bring in our panel chief political analyst brit hume, leslie marshall, democratic strategist why ron york political correspondent of the washington examiner and editorial board of the wall street journal. welcome to all of you. brit, folks on the right and folks on the left seems happy with the deal to me that seems like a compromise. your thoughts? yeah. i think it is a compromise. chip roy is influential. ralph norman whose soundbite you just playside not particularly influential but chip roy is. and if he is unhappy, there are going to be a number of republican who will go with him. i think will may be some work to be done certainly to get this passed and perhaps revisions may be required to see votes get across it. will be interesting to see what