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Rep. Kevin McCarthy (R-Ca.) has been ousted from his role as Speaker of the House. This came as House Republicans wanted less government spending and to reduce the national debt, which McCarthy ignored in his deal to avert a government shutdown.

With a deal passed and McCarthy gone, the question now becomes how to deal with the root of the problem. Yahoo Finance Senior Columnist Rick Newman joins the Live show to break down the competency of both parties in tackling the national debt.

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