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President Biden challenges House Speaker Kevin McCarthy to produce a budget as Republicans plan to slash spending, but it remains unclear what they are willing to cut.
00:00 - 00:49 (00:49)
Summary
President Biden challenges House Speaker Kevin McCarthy to produce a budget as Republicans plan to slash spending, but it remains unclear what they are willing to cut. Meanwhile, the Fed is preparing to hike interest rates again while the market hopes inflation will decrease, and people gathered in Memphis to mourn a man who was beaten by police.