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Face the Nation with Margaret Brennan

Midterm Elections, The Federal Reserve, Spending Package

Face the Nation with Margaret Brennan

CBS News

News, Politics

3.51.1K Ratings

🗓️ 31 July 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

This week on "Face the Nation with Margaret Brennan," with 100 days to go until the midterm elections, Democrats have revived a tax and spending package and hope voters will reward them if it passes. Plus, Minneapolis Federal Reserve President Neel Kashkari and the new CBS News Battleground Tracker.

Transcript

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0:00.0

Hey Prime members, you can listen to Face the Nation with Margaret Brennan,

0:04.0

ad free on Amazon Music. Download the app today.

0:08.0

I'm John Dickerson in Washington, and this week on Face the Nation.

0:13.0

With 100 days to go ahead of the midterm elections, Democrats revive a tax and spending

0:18.0

package and hope voters will reward them if it passes.

0:23.3

Last week saw a surprise development in the protracted build-back better saga.

0:28.3

West Virginia Senator Joe Manchin, who seemed opposed to a sweeping sweeping package reversed course and joined his

0:34.7

fellow Democrats to support an economic bill including hundreds of billions of

0:39.1

dollars in tax increases for some corporations and the wealthy aimed at fighting inflation, cutting health care

0:45.8

costs and combating climate change. We'll talk with him and get the GOP perspective on the

0:50.8

bill from Pennsylvania Republican Senator Pat Toome.

0:54.8

All this as we had more dreary economic news, the Fed raised interest rates again and

1:00.0

the economy shrank for the second straight quarter.

1:02.9

Inflation is at a 40-year high,

1:05.4

but the job market remains strong,

1:07.4

and gas prices have dropped.

1:09.6

The President's take?

1:11.1

That doesn't sound like a recession to me. Thank you very much.

1:13.5

We'll see what Minneapolis Federal Reserve President Neil Kashkari has to say.

1:17.8

Finally, the Face the Nation political panel and the CBS News Battleground tracker poll are back.

1:23.4

We'll have an estimate on where the race for control of the house stands,

1:26.5

plus political analysis.

...

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