Cavuto, Dobbs get in heated exchange over Trump and deficit on Fox Business Network

A Fox Business Network segment on Wednesday grew increasingly animated as anchors Neil Cavuto and Lou DobbsLouis (Lou) Carl DobbsGOP group launches ad campaign urging senators to call witnesses at impeachment trial Pelosi accepts Collins's apology for saying Democrats are 'in love with terrorists' Trump signs first phase of US-China trade deal MORE sparred over what President TrumpDonald John TrumpLev Parnas implicates Rick Perry, says Giuliani had him pressure Ukraine to announce Biden probe Saudi Arabia paid 0 million for cost of US troops in area Parnas claims ex-Trump attorney visited him in jail, asked him to sacrifice himself for president MORE has done to manage the rising deficits in the U.S.

Cavuto repeatedly pressed Dobbs on the issue after the host, a vocal Trump supporter, said he believed the president had addressed the debt and deficits. 

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"You think he’s done a good job on reining in spending?" Cavuto asked. "I give him high marks on the tax cuts and and cutting the regulations and the kind of stuff that’s ignited it."

The statement prompted Dobbs to chime in and say that Cavuto needed to work out the details with the president. 

"No, no, no. Do you think this president has done anything to contain the deficits and the debt that have spiraled from what levels he had from Barack ObamaBarack Hussein ObamaNew Hampshire Rep. Kuster endorses Buttigieg Overnight Defense: Foreign policy takes center stage at Democratic debate | House delivers impeachment articles to Senate | Dems vow to force new vote on Trump's border wall Ray LaHood backs Biden for president MORE?" Cavuto asked. 

"I do, indeed," Dobbs replied, before going on to note the Trump administration's investment in deregulation. 

Cavuto pushed back, saying that he was "talking about the deficits and the debt."

"Has he improved it, yes or no?" Cavuto asked as he attempted to speak over Dobbs. 

"Wait a minute, wait a minute, Neil. You've asked me a question and I really need to answer it, please," Dobbs said, arguing that the historic lows in unemployment was another example of Trump's commitment to combating the rising deficits. 

"I said that at the outset," Cavuto quickly shot back. "What about now with the deficit and the debt. Do you fault that." 

Dobbs became noticeably frustrated by the insistent questioning. 

"I didn't interrupt you, Neil. And you've done it to me now twice," he said, before again pointing to the unemployment figures of the Trump administration. 

"We know all of that," Cavuto said. "What has changed on the deficit and the debt. I asked you a question about the deficits and the debt. Do you worry about that or not? If you don’t, that’s fine. Just say I don’t worry about it, I do."

The heated exchange between the two Fox Business anchors came the same day that the Federal Reserve announced that it would cut interest rates for the first time since the 2008 financial crisis. The agency made the decision after data from the Commerce Department showed U.S. economic growth was slowing. 

The U.S. economy has remained strong under Trump's administration. But, contrary to his promises as a presidential candidate, deficits have continued to increase. The White House projected earlier this month that the federal deficit would reach more than $1 trillion by the end of the year. 

With exception to the four years after the Great Depression, the figure will represent the only time in U.S. history the deficit has been that high.