But I would also have a candid conversation about reform of spending. REPRESENTATIVE GARRET GRAVES: I think that it's really important, just like if you had a child mark that hit their credit card limit and was unable to pay their credit card bill that month, you'd probably step in and help them out. MARGARET BRENNAN: Do you need the leverage? REPRESENTATIVE GARRET GRAVES: You know, yeah, Margaret, it's a great question. Why was it worth possibly damaging America as - as the benchmark of the financial system and the credibility? credit outlook here because of political standoffs around the debt limit and last minute suspensions before the X- date. ![]() I mean, Fitch Ratings is now saying, even with this deal, they still - still could downgrade U.S. It was a pretty big game of chicken here to threaten default. MARGARET BRENNAN: So, to - to get what you're calling these historic wins, though, Democrats would say Republicans took the economy hostage. I have no doubt his position is safe, and we're going to keep marching forward continuing to build upon the historic wins that he's been able to achieve this year. He is going to continue delivering wins for the country, changing the direction of Washington and being more representative of the - of the priorities of Americans across the country. I will tell you right now, Speaker McCarthy's position is absolutely safe. REPRESENTATIVE GARRET GRAVES: Look, I have known Ken Buck for years and certainly respect him. We've already seen, under this administration, stock market has lost around $9 trillion in value, hurting retirement accounts and families all across the country. In this case, I think that leverage was trying to be exercised that really threatened the economy in a large way. We should all be on board with those objectives. I don't think that should be a partisan issue. Their goals are trying to change the trajectory of spending, transform Washington in a way that's more responsive, long-term thinking about the next generation and the fiscal crisis that we're approaching. REPRESENTATIVE GARRET GRAVES: Well, Margaret, let's talk about what their goals are. ![]() I mean, can you rule out a government shutdown in the fall? Are these hard-line members going to be emboldened on the back of this? I mean, you had the majority of your caucus, but 71, that's not nothing there. This speaker has been one of the best strategists we've ever had, delivering transformative immigration, energy, parents bill of rights and other legislation that, looking back at previous congresses, not even one of these things has been done, much less we're about 10 huge wins this year.īut 71 members of the House Republican caucus voted against it. In regard to Speaker McCarthy, let's be crystal clear. There wasn't even an agreement struck.Īnd, of course, their interpretation or definition of the agreement, as you can imagine, was flawed. REPRESENTATIVE GARRET GRAVES: Look, there were erosion of trust issues because folks went out and began attempting to define or interpret a deal while we were still in negotiations. How big of a problem is this right wing of your party? ![]() And, this morning, Congressman Ken Buck of Colorado said Speaker McCarthy has credibility issues, and while a motion to vote vacate won't happen right away, he should be concerned about being removed from office. Well, a trillion is a trillion-and-a-half over 10 years in savings.īut you said there was an erosion of trust within your own party between you and some of those harder-line Freedom Caucus members, who said it was a bad deal that you negotiated. And lastly, Margaret, I think when you look at the president's statements, all he could do is talk about things that didn't happen versus anything that did that was positive for his agenda. This was a huge accomplishment, huge legislative wins. REPRESENTATIVE GARRET GRAVES: Because the White House laid down about seven red lines, including that they wouldn't negotiate, that they wouldn't allow anything to be done on work requirements, that they wouldn't allow any changes to environmental laws, that they wouldn't allow us to take any funds from IRS agents, and on and on.Īnd yet every single red line that they laid down, we crossed right over in negotiations, resulting in the largest savings in any legislation in the history of the Congress. ![]() How can you claim, as you told my CBS colleague the other day, that the White House got schooled? And it leaves largely intact most of the President's economic agenda. MARGARET BRENNAN: Well, more Democrats and Republicans actually voted for the deal that you negotiated.
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