On Tuesday’s “CNN Newsroom,” Sen. Chris Murphy (D-CT) stated that the omnibus spending bill does have “some big emergency numbers” but “much of” those large emergency funds are going overseas and he doesn’t expect the bill to have “any extraordinary inflationary effect.” Murphy also stated that we’re having “much-needed downward pressure on inflation.”
Co-host Jim Sciutto asked, “So, first on the topline number. This bill comes in at $1.7 trillion. As The Wall Street Journal noted, that’s getting nearly as large as the $1.9 trillion March 2020 COVID relief bill, given ongoing inflation and price hikes, is this an inflationary budget?”
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