You are currently viewing Charles Payne warns Dems’ spending bill will slow the economy | Fox News Rundown

Charles Payne warns Dems’ spending bill will slow the economy | Fox News Rundown

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There is uncertainty in Washington this week as Republicans voted down a measure to raise the debt ceiling amid the backdrop of a potential government shutdown. Treasury Secretary Janet Yellen said failing to raise the debt ceiling could lead to the U.S. defaulting on its debt and the outcome could be disastrous for the American economy. In addition, inflation continues to threaten the economy, as Chairman of the Federal Reserve Jerome Powell says that supply shortages are leading to price increases. Host of “Making Money” on the FOX Business Network Charles Payne discusses how President Biden’s $3.5 trillion dollar spending package could lead to further inflation. Alex Ross, senior advisor on innovation during the Obama administration, joins to explain how the spending package could have less of an impact on inflation than the infrastructure bill.

The crossing at the U.S.-Mexico border is showing no signs of slowing down as a new waves of Haitian migrants make their way to the southern border. FOX News Correspondent Griff Jenkins joins us from Tapachula to tell us what he’s seeing at the Mexican entry-point, why the migrants want to come to the U.S. and how Mexico has been dealing with the border crossings.

Plus, commentary by Guy Benson, host of the Guy Benson Show.

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