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The debt trap: How the GOP bill would make a big problem for Americans even worse
MSNBC· 2025-07-02 04:30
It is time now for money power politics and this evening we are talking about our financial responsibility as a country. I want to level set here. This has been a problem for the United States for many years.Our debt has exploded over the last two decades under the leadership of both parties. But that makes it even more important to take a hard look at what this Republican bill would do to make an already bad situation even worse. As the New York Times puts it, this is one of the most expensive pieces of le ...
Watch CNBC's full interview with OMB Director Russell Vought
CNBC Television· 2025-07-01 20:48
Well, as we mentioned, the Senate passing the budget bill by the narrowest of margins. It was a tie-breaking vote from Vice President Vance. What this bill could mean in the long term for spending and debt and deficits and so much more.Joining us now from the White House in an exclusive interview is Russell Vote, director of the Office of Management and Budget. And Director Vote, it's great to have you on Overtime. Welcome.Thanks for having me. So, let's start with the fact that we did have one big beautifu ...
What's really in Trump's 'big, beautiful bill'
MSNBC· 2025-07-01 05:09
Tonight, all the focus is on the Senate floor. All day long, senators have been voting on amendments to Donald Trump's gargantuan tax and spending bill. Republicans are rushing to get the bill to Trump's desk in time for his Friday deadline.Now, Donald Trump wants you to focus on his campaign promises that are in the bill, extending the tax cuts from his first term, billions of dollars for border security, and eliminating taxes on tips and overtime. But let's level set about what else this bill will do. It ...
'Everyone in line': Senate GOP scrambles to please Trump by passing unpopular megabill
MSNBC· 2025-07-01 04:20
It is day 162 of the second Trump administration and tonight the focus is on the Senate floor. You are looking at it live right now. All day long, senators have been voting on amendments to Donald Trump's gargantuan tax and spending bill.Republicans are rushing to get the bill to Trump's desk in time for his deadline on Friday. Donald Trump wants you to focus on his campaign promises that are in the bill, like extending the tax cuts from his first term, billions of dollars for border security, and eliminati ...
X @Elon Musk
Elon Musk· 2025-06-30 23:47
RT Mario Nawfal (@MarioNawfal)🚨🇺🇸 THE $5 TRILLION PROOF THAT AMERICA NEEDS A THIRD PARTYElon is right.When Congress passes the biggest debt ceiling increase in history, something is fundamentally broken.Senator Rand Paul exposed the uncomfortable truth: This bill adds $270 billion to the deficit next year while raising the debt ceiling by $5 trillion.That astronomical number isn't just spending, it's an admission that both parties have given up on fiscal responsibility.The cycle is predictable and soul-crus ...
Senate considers amendments to Trump agenda bill amid GOP divisions
NBC News· 2025-06-30 21:00
Welcome to Meet the Press Now. I'm Yamish Shaendor in Washington, where the president and Republican congressional leaders are hoping to jam through his legislative agenda by July 4th, despite divisions in their party and the threat of political backlash. All day, the Senate has been engaged in what was called a voter as it considers changes to the legislation as part of a marathon session that could go late into the night before a final vote on the bill.And here's a reminder of what's in this massive packa ...