It is absolutely urgent for both parties to find a way to reduce our debt: Former Rep. Steve Israel

Former U.S. Congressman Kevin Brady (R-Texas) and former U.S. Congressman Steve Israel (D-N.Y.) join 'Squawk Box' to discuss President Biden's $7.3 trillion budge plan for the next fiscal year, Biden's tax hike plans, how to best tackle the national debt, and more.