Sen. Lindsey Graham asks CBO if Manchin's 'reckless' $433 billion bill will worsen inflation
Fox News
Sen. Lindsey Graham urges the CBO to analyze the effect of Democrats' reconciliation bill, how it will effect inflation and whether the tax increase will stifle economic growth
Thomas Phippen is an Editor at Fox News.
Graham specifically asked the CBO whether the U.S. is currently in a recession, given that gross domestic product (GDP) has shrunk for two consecutive quarters this year, as the Department of Commerce announced earlier Thursday.
With inflation at a 40-year high, Graham also asked CBO to specifically analyze "what impact would this legislation have on consumer price inflation" in the next few years.
Democrats are torn on how to vote for Trump's budget bill amid a looming government shutdown if an agreement is not made.
Senate Democrats are divided on how they will vote on a bill to avert a government shutdown.
Senate Democrats are divided on how they will vote on a bill to avert a government shutdown.
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