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real for biden. i m harris faulkner and you are in the faulkner focus. we begin with the nation s current tab. more than $31 trillion. the treasury department already said it is prepared to take extraordinary measures before our ability to borrow runs out. but even treasury can only help for so long. it is a number that is so huge that we only have until probably june until we default unless congress takes action. in the past, congress has simply raised the debt ceiling to keep us borrowing. that s what democrats want. again republicans are arguing for every buck we spend on paying the interest on debt at this point, we should find places in the federal government and all of our spending to cut. the president lashing out. president biden: they will talk about big spending democrats again. guess what? i reduced the deficit last year $350 billion. hear me. these guys fiscally fiscally demented, i think. they don t quite get it. harris: fox business anchor larry ku ....
Committee chairman jim jordan is in focus. first to fox business correspondent hillary vaughn live on capitol hill. good morning, harris. president biden calling toying with the debt limit fiscally dem demented. republicans say you can t keep raising the money. they want to put president biden on a budget. this president has spent more money than any country in the history of the world has spent in just two years. why we have a $32 trillion national debt. record high inflation because they are printing more money than ever before. if anybody is fiscally demented it is joe biden and it s shameful. on thursday the u.s. debt is expected to hit its limit of what is allowed. no more borrowing more money to pay our bills. it is not just spending that s adding to the tab. it is the interest we re paying off as well because we re spending money we don t have. the latest estimate from the ....