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The Fox News Rundown

$109,000!? Is COVID Relief Giving Americans Too Much For Not Working?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 10 June 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

President Biden recently released his 2022 budget which calls for over $6 trillion in spending for the coming fiscal year. Meanwhile, the country is still in pandemic emergency spending mode with federal unemployment benefits continuing until September 2021 and congressional Democrats already looking at the possibility of a fourth stimulus check. Ranking Member on the House Committee on Ways and Means Representative Kevin Brady (R-TX) joins to discuss how he believes the wasteful continued spending on COVID relief only serves to pile on to the national debt. He also discusses how Republicans seek to protect working people by preventing an increase in the capital gains tax, predicts voters will rebuke the Democratic agenda in 2022 and looks ahead to Republican prospects in 2024. Cryptocurrency is becoming more common as it gains popularity worldwide. China is creating is its own cryptocurrency, El Salvador is now going to accept cryptocurrency as a form of payment. Even the mayor of Miami, Florida is thinking about offering it to government employees as payment, if they want it. While crypto is growing it does come with a lot of risk as well, including ransomware attacks. The most recent one was the Colonial Pipeline attack that demanded payment in the digital currency, which is harder to trace. FOX Business Senior Correspondent Charlie Gasparino explains what cryptocurrency and block chains are, if there is a steady future for it, and the skepticism behind it. Plus, commentary by Dan Gainor, vice president for TechWatch, business and culture at the Media Research Center. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi all how we doing afternoon afternoon let's get this meeting meeting meeting

0:06.0

started

0:07.0

when everyone's home erepte work mode

0:12.0

when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.

0:18.0

So, yeah, yeah, I've got you loud and clear, clear is about.

0:21.0

This is broadband made for working from home.

0:24.0

Search EE broadband, powered by BT.

0:26.7

Work mode with EE smart hub plus to verify see EE.

0:28.9

C EE dot credit eK slash claims.

0:30.1

I'm Janice Dean. I'm Brad Bear. I'm Martha McCallum and this is the Fox News rundown

0:38.6

Thursday June 10th 2021 I'm Dave Anthony. After handing out trillions of dollars in COVID

0:47.1

relief, Republicans say enough trying to rein in more spending.

0:52.2

Congress is looking less like a pandemic fighter, more like a college kids on an extended spring break.

0:58.0

It's like party now hangover tomorrow and I worry the American public will think you know let's not

1:05.2

worry about the dead anymore. We speak with Republican congressman Kevin Brady.

1:09.7

I'm Jessica Rosenthal.

1:11.7

Cryptocuracies, especially Bitcoin, are on wild financial rides lately,

1:16.0

and yet more and more government officials are considering their use,

1:20.0

as more companies invest in the technology surrounding crypto.

1:23.4

So will it last and will it settle down?

1:25.6

People go out on the risk spectrum and look for other investments.

1:28.4

They don't like a muni bond because it only gives you 2%.

...

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