As the United States enters the eleventh hour leading up to Election Day, eyes remain on the future of the U.S. economy, especially with Vice President Kamala Harris and former President Donald Trump having very different approaches on economic policy.
In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman discuss the $34 trillion national debt, as well as the latest from Trump’s billionaire allies like Elon Musk and John Paulson who want to come in and help cut the federal budget should Trump be elected into office.
Ultimately, Musk and Paulson cannot make these calls themselves. Congress decides where to designate funds or make cuts to the federal budget. They will be the ones deciding where to make budgetary concessions as well as the amount. And then that can get complicated due to congressional relationships with various government agencies.
“Every member of Congress has some stake, some turf in some portion of the federal government,” Newman says. They’re not going to give up their turf because turf is power.”
Later, they are joined by Democratic Senator of Arizona, Mark Kelly, to discuss the state of the race in the battleground state of Arizona, as well as his reaction to Trump’s comments on the CHIPS act.
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