Yeah, I'm not so sure this is a case of her pants are almost up to her chest, so much as her chest is almost down to her pants.
To be fair to her (ugh, I know what you mean @RealHousewife, defending her feels unnatural), she's busty, in her mid-30s, and having a baby changes a lot of things. I think the outfit looks cute on her.
What isn't a good look is her deflecting on every single critique of her party, instead of engaging honestly. I've found I can watch The View about once a week now, and I'm always sorry I did, after, if it's an episode that featured Meghan.