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Transcripts for MSNBC Velshi 20240604 14:45:00

the national defense authorization act. the ndaa. it is a crucial piece of legislation that congress passes every year to determine policies, and allocate funds for our nations defense. this year s ndaa is set to authorize 886 billion dollars in defense spending, it will also set policy for military related programs that are run by other agencies like the department of energy s nuclear weapons program. and the fbi s counter intelligence activities. typically, the nda receives broad partisan support. lawmakers on both sides of the aisle recognize the importance of strong national defense. if you were to characterize, it typically, republicans back it more strongly than some democrats do. but generally it has got bipartisan support. this past week, 60 years of that precedent was shattered

Transcripts for MSNBC The Saturday Show with Jonathan Capehart 20240604 13:07:00

republicans feel like they lost on, is the fact that this debt ceiling bill caps pedregon spelling at president biden s request of 886 billion dollars. lots of republicans and frankly many democrats think that that s insufficient for the challenges that we face on the global stage, particularly the war in ukraine. with the way they were able to unlock this in the end was that these republican defense talks got a commitment, commitment and writing from the that they would potentially consider a supplemental appropriation spell to cover a lot of these defense and pentagon-related issues later this year, to make up for what they see is a shortfall in the pentagon s budget. once they got that agreement, everyone was okay with voting very quickly. i was just as shocked as anyone, but the senate usually takes, they re famous for taking 30 hours just to take one procedural vote. everyone yields back all the time, and i think a lot of this did have to do was people wanted to preserve their w

Transcripts for BBCNEWS Asia Business Report 20240604 00:39:00

really interesting point. - been very measured. that is a really interesting point. we i really interesting point. we are watching those images there of a debate taking place on the floor. we were talking about the nuts and bolts of the deal. let s take a closer look at what is in this deal and remind our viewers. what is in this deal and remind ourviewers. it what is in this deal and remind our viewers. it involves suspending the debt ceiling until 2025, so that means the government could borrow more money to pay its bills for the next two years. they would also be a ten year freeze on spending. except for defence, whose budget will increase to 886 billion dollars. unspent covid funds would be returned. the congressional budget office estimates this will amount to the government recovering about 30 billion dollars. welfare benefits will be slightly tinkered with, but there would be no major overhaul. funds to help the internal revenue service to enforce the tax code on america s riche

Transcripts for BBCNEWS BBC News 20240604 02:09:00

to 886 billion dollars. unspent covid funds would be returned. the congressional budget office estimates this will amount to the government recovering about $30 billion. and welfare benefits will be slightly tweaked, but there will be no major overhaul there. earlier i spoke to sabrina siddiqui, white house reporter for the wall streetjournal, about what s next for the debt ceiling agreement. i think that the white house, based on my conversations with biden officials, knows they are going to lose some votes on the house floor, and they expect it will be progressive mamas of congress who are likely to oppose this bill because this is a compromise, they are ultimately going to and has angered both the democratic party is left flank and the far right of the republican party. what the white house feels confident about is that they can deliver enough democratic votes in order to pass this bill through both chambers of commerce because were with a very narrow majority that house republicans

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