infrastructure to the floor. into his death president biden signed into law where the biggest investments in infrastructure in american history. and president biden and democrats in the senate have a plan for how to reduce prescription drug prices. how to tackle health care costs that i remain optimistic we will get done. the deficit is coming down. he is not clear plans how to tackle inflation he s helped united states to a position of strength on the world stage great i can understand why he might think running for reelection is a good idea. bret: okay at last thing august the deficit numbers republicans point out went way up and covid took a dip because of that. at the other thing is saudi arabia it s been reported to have a president is going to visit saudi arabia. how, senator comic-con that not look like a blatant effort to try to get gas prices down? well the president is going to the gcc. this is a summit that is being hosted by the saudi kingdom that
the deficit numbers in the last 24 hours in the way the numbers have ballooned under this administration. and look at inward versus outward versusa civilization and tone and i think there are a host of reasons as to why we should go a different way on the republican side. the president responded to ambassador bill taylor s testimony this week, the top u.s. diplomat in ukraine right now. and he tweeted that taylor, who is a distinguished career diplomat, a vietnam war veteran, he said taylor is a never trumper and in another tweet he said never trumper republicans are human scum. what do you make of that language? i say let s stop playing the trump game. he throws out something inflammatory, media and opponents respond and we spend a week in the spin cycle responding and he throws out next week something equally crazy. i think it is important for all of us, whether in the media or
and south korea says it will stop trying to benefit from its status as a developing nation the u.s. complains rich countries are using their status to play in the world trade. it s time for business on the w. i m here welcome to the program the u.s. treasury has announced that the country s budget deficit sorts to almost a trillion dollars in the 2900 physical year that s a 26 percent jump from 2018 the trump administration has spent far more than its tax revenue because of the republican led tax cuts taking advantage of a booming economy government spending grew twice as fast as tax revenues the u.s. treasury secretary steven said economic agenda is working while lawmakers fear the government is undermining fiscal responsibility. for more on the subject i m now joined by the financial correspondent on wall street. these deficit numbers
department aren t making the situation better. christine romans is in the business center with the numbers. christine, the market s doing great. but does anyone care about deficits anymore? yeah, let s look at these eye-popping deficit numbers. lawmakers are running out of time to raise the u.s. debt ceiling. and frankly, wall street doesn t seem to be paying attention at all. the budget deficit is now $741.1 billion jumping 23% in the first nine months of the fiscal year. federal spending also hit records for the same period. the government is spending so much more money than it brings in. the deadline is fast approaching too. this week the bipartisan policy center said the u.s. government could default on debt in september. they reached the debt limit in march. since then the treasury department has been using what it calls extraordinary measures to pay bills, move the money around. and the calendar is a mine field
over from now on we expect trading relationships to be fair and very importantly we sip recalls and hence we have these massive deficit numbers in our country we re going to straighten it out and we ll do it in a at a very loving way will be a loving loving way they ll like us better and they will respect us much more some point you re going to do something big to challenge me for the united states. and i love her and i told her to dinner always to discuss your discussion after the relationship is first special relationship that i have with the president she and i think that is going to be a very primary reason why we ll probably get ending up getting something. it was president there for weeks stock markets have been betting on the positive into the u.s. china trade dispute but it took only two tweets from president dropped last weekend