speaker kevin mccarthy has yet to issue a budget for the next fiscal year. but did manage to cobble together one frankenstein monster of a debt ceilin proposal this week mccarthy presented a sweeping 320-page bill tha would pair 4.5 trillion dollar in spending cuts with a 1. trillion-dollar increase in th federal dilemma that would kee the bill collectors at bay until march 24th, just in time for the campaign season to hea up the white house says thi spending cuts wish list tied t the debt ceiling is nonstarter meanwhile, golden sach economists are saying that the united states could crash th limit on borrowing for thing already purchase as early as the first week and june. mccarthy has a more immediat problem. the speaker doesn t have the votes just yet to pass his plan that snot good for a perso who only holds a four seat majority but took 15 ballots t win the gavel. still, he insists that congres won t allow the u.s. t default. sure, jan. joining me now, director shalan
under his belt, we sat for a wide ranging discussion to tal about presidents because mccarthy plans to devastate hi city, his big plans to bring jobs to cleveland, and to stem violence, in your two. mayor justin bid, welcome t the sunday show. great to be with you, jonathan speaker mccarthy released his combination debt ceiling budget plan earlier this week, and i m wondering there are so many things that he wants to do, he wants to crawl back covid relief funding cancel out th president s student loan relie program. takes a hatchet to all sorts o green credits and things tha the president had proposed do you know how much the speakers plan will impac cleveland, yet speaker mccarthy s budget would have a devastating impac on cleveland and the entir state of ohio we have president in president biden that has created the largest federal investment ever to address the green economy to create good green jobs in ou
of the agenda. what is the tax policy agenda. do we spend all the cuts t middle class families on tax giveaways to the wealthy that is what you lose by not putting on a budget, and it is vague on purpose office of management an budget director, shalanda young, thank you very much for coming on to the sunday show. thank you, jonathan and joining me now, congressma brandon boyle, ranking democratic member of the house budget committee and member of the house ways and means committee. congressman boyle, welcome back, to the sunday show great to be back with you the white house has calle speaker mccarthy s that debt ceiling plan a quote, deb ransom note. while the republicans cannot agree on their bill. is a debt ceiling cras inevitable no, i wouldn t say that i is inevitable, fortunately i mean, after all, raising the debt ceiling is something that
is just not the right step forward to have all of thi economic progress that i jus talked about correct me if i am wrong, the last time you were here wa just after the administratio released its budget. for fy 2024, fiscal year 2024, that was february, right we released it march 9th, and you and i talked about it, i think, yeah, a little before that so it has been a month and half have you even seen a smoke signal from the house abou when it might reveal its own budget for the next fiscal year? we ve certainly heard fro various members, including the speaker, that we were going to see a budget in the house. has that happened? we have not seen it. we would love to see it, because, guess what, while thi plan shows us what we value, and we disagree vehemently tha we should be cutting veteran medical care, for example. what it doesn t tell you is th next day, what is another part
state and getting rid of those tax incentives is a completely wrong thing to do. not just for cleveland, but fo the entire country one of the issues here is that because he s combining th budget in raising the debt ceiling that he is risking the possibility of default as a mayor, how concerned ar you that that could actually happen really concerned, i don t have the luxury of not passing a bunch of the represents ou core values. and this budget does not represent the core values of our country it doesn t align t the core values that we see in cleveland the other thing that is really striking about thi budget is the issue around foo stamps we are the second poorest big city right now i cleveland ohio they just cut the food stamp program from th covid-19 relief program time period, we have to create mobile pop-up food bank in our city, there are hundreds o families trying to get food so this would have a devastatin impact on working clas