will: good morning. welcome to fox & friends . has the navy band s northeast ceremonial band hanging out with us on fox square pretty much all weekend long here as welcome you in and extend your memorial day weekend through monday. joey, you here on monday? joey: i am. and so much discipline, so much respect for what these guys have gone through over there. they stop on a dime the. [laughter] standing there at attention, really impressed by that. i can t carry a tune in a bucket, as we say in georgia, so very impressed by the band. rachel: yeah, love that. i played the clarinet badly. will: i played the recorder. remember that? everybody played the recorder. rachel: i ve always been jealous of people who have a musical a tall lent. god didn t give me that gift. joey: i m still looking for the gifts god gave maine president biden and speaker mccarthy coming to a tentative agreement to lift the debt ceiling last night. here s what the speaker had to say about it. i j
compromise which means not everyone gets what they want. that s the responsibility of governing. finish. rachel: and speaker mccarthy says the full text of the bill will be released later today, and the vote will likely take place later week. hopefully, that will be enough time for them to get through these bills. you ve seen how big they are. we re talking about a lot of spending. and i think it s really important that we remind our viewers what we re talking about is not really cutting spending, but cutting the growth of spending, a few tweaks here and there. let s talk about a little bit of what s in there. there are increases for defense funding, for veterans benefits. there sal s the work there s also the work requirements, they wanted to raise the age for being able to the receive them from 49 recipients from 49, they re going to raise that to 54. it s going to claw back a little bit of the unspent covid money, about $29 billion.