Podcasts about Congressional Budget Office

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Best podcasts about Congressional Budget Office

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Latest podcast episodes about Congressional Budget Office

1A
What Medicaid Cuts Mean For Americans

1A

Play Episode Listen Later Jul 16, 2025 38:39


One of the biggest cuts included in President Donald Trump's recent tax and spending bill is to Medicaid, the federal program that provides health insurance to low-income Americans and people with disabilities. The Congressional Budget Office estimates it would lose $1 trillion over the next ten years.Republicans say these changes address fraud and waste in the Medicaid program. But some rural hospitals and states warn it could have devastating effects.We break down what those changes mean for you.Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Connect with us. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Passing Judgment
The Real Impact of the GOP's Big Beautiful Bill on Your Taxes and Benefits with Chris Stein

Passing Judgment

Play Episode Listen Later Jul 16, 2025 26:53


In this episode of Passing Judgment, host Jessica Levinson interviews Chris Stein, senior politics reporter for The Guardian US, about the "big, beautiful bill" driven by President Trump and congressional Republicans. Stein explains that the bill makes the 2017 tax cuts permanent, primarily benefiting high earners, while also introducing new deductions and extending some relief for select groups. He highlights significant cuts to Medicaid and SNAP, noting these changes are delayed until after the midterms, while increased funding for immigration enforcement and the border wall takes effect more quickly. The episode also addresses the bill's large projected impact on the federal deficit and the political strategy behind delaying the most controversial cuts. Levinson and Stein wrap up with insights into House Democrats' push for Trump-related Epstein files, illustrating the limited tools available to the minority party.Here are three key takeaways you don't want to miss:Tax Changes: Immediate Relief, Long-Term Effects: The bill makes the Trump-era tax cuts permanent, creating significant (and expensive) relief that primarily benefits top earners, while also introducing temporary new cuts for working-class voters. However, not everyone qualifies, and the flipside could mean fewer resources for government programs.Social Safety Nets: Delayed Pain, Lasting Impact: Major changes to Medicaid and SNAP (food stamps) are built in—including work requirements and shifting costs to states. Crucially, these cuts are delayed until after the next midterms, affecting rural and Trump-leaning areas the most, but the full consequences won't be felt until later election cycles.Immigration and Deficit: Shifting Priorities, Bigger Budget: The bill pours billions into border enforcement—including ICE, deportations, and the border wall—while still adding an estimated $3.4 trillion to the federal deficit over the next decade, eclipsing even the emergency pandemic-era spending.Follow Our Host: @LevinsonJessica

The Journal.
The Uncertain Future of Renewable Energy

The Journal.

Play Episode Listen Later Jul 15, 2025 18:52


After the passage of President Trump's “Big Beautiful Bill,” renewable energy companies are bracing for more challenging times. The law is set to end Biden-era subsidies for clean energy, with the Congressional Budget Office estimating that the industry could lose half a trillion dollars in tax incentives over the next decade. WSJ's David Uberti reports on the renewable energy pullback. And Annie Minofftalks to a co-owner of a North Carolina-based solar-panel-installation company about what the winding down of subsidies means for his business.  Further Listening: - The Healthcare Costs of Trump's ‘Big Beautiful Bill'  - How Trump's Megabill Squeaked Through the Senate  Sign up for WSJ's free What's News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The FOX News Rundown
Dr. Oz Pushes Back Against Democrats' Medicaid Claims

The FOX News Rundown

Play Episode Listen Later Jul 15, 2025 35:19


While the Congressional Budget Office says as many as twelve million people could lose health insurance due to Medicaid cuts in the President's "big, beautiful bill," the Trump administration defends work requirements and cuts for cost savings. Their goal is to reform the system, removing non-disabled recipients from Medicaid. Despite Democrats' concerns, these cuts won't take effect until the end of next year. Director of the Centers for Medicare & Medicaid Services, Dr. Mehmet Oz joins the Rundown to explain the need to address waste, fraud, and abuse in Medicaid to ensure those who need it most receive health care. Last week, the largest illegal immigration raid of President Donald Trump's second term occurred, resulting in the detention of over 360 individuals at two marijuana farms in California. Among those detained were several convicted felons and 14 children. Former acting ICE Director and former federal prosecutor Jonathan Fahey joins us to discuss the raids and the ongoing legal issues surrounding immigration. Plus, commentary from New York Post columnist and co-author of "Stolen Youth," Karol Markowicz. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

From Washington – FOX News Radio
Dr. Oz Pushes Back Against Democrats' Medicaid Claims

From Washington – FOX News Radio

Play Episode Listen Later Jul 15, 2025 35:19


While the Congressional Budget Office says as many as twelve million people could lose health insurance due to Medicaid cuts in the President's "big, beautiful bill," the Trump administration defends work requirements and cuts for cost savings. Their goal is to reform the system, removing non-disabled recipients from Medicaid. Despite Democrats' concerns, these cuts won't take effect until the end of next year. Director of the Centers for Medicare & Medicaid Services, Dr. Mehmet Oz joins the Rundown to explain the need to address waste, fraud, and abuse in Medicaid to ensure those who need it most receive health care. Last week, the largest illegal immigration raid of President Donald Trump's second term occurred, resulting in the detention of over 360 individuals at two marijuana farms in California. Among those detained were several convicted felons and 14 children. Former acting ICE Director and former federal prosecutor Jonathan Fahey joins us to discuss the raids and the ongoing legal issues surrounding immigration. Plus, commentary from New York Post columnist and co-author of "Stolen Youth," Karol Markowicz. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Fox News Rundown Evening Edition
Dr. Oz Pushes Back Against Democrats' Medicaid Claims

Fox News Rundown Evening Edition

Play Episode Listen Later Jul 15, 2025 35:19


While the Congressional Budget Office says as many as twelve million people could lose health insurance due to Medicaid cuts in the President's "big, beautiful bill," the Trump administration defends work requirements and cuts for cost savings. Their goal is to reform the system, removing non-disabled recipients from Medicaid. Despite Democrats' concerns, these cuts won't take effect until the end of next year. Director of the Centers for Medicare & Medicaid Services, Dr. Mehmet Oz joins the Rundown to explain the need to address waste, fraud, and abuse in Medicaid to ensure those who need it most receive health care. Last week, the largest illegal immigration raid of President Donald Trump's second term occurred, resulting in the detention of over 360 individuals at two marijuana farms in California. Among those detained were several convicted felons and 14 children. Former acting ICE Director and former federal prosecutor Jonathan Fahey joins us to discuss the raids and the ongoing legal issues surrounding immigration. Plus, commentary from New York Post columnist and co-author of "Stolen Youth," Karol Markowicz. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Daily
One Rural Doctor on the Real Cost of Medicaid Changes

The Daily

Play Episode Listen Later Jul 14, 2025 30:47


When Republicans passed their big domestic policy bill just over a week ago, they kept making the same argument about sweeping changes to Medicaid: that the measures, including new work requirements, would encourage able-bodied adults to earn their health care, ultimately creating a fairer system for everyone. Critics said the opposite: they have predicted that millions of working people who need health care will lose it.The truth will emerge in rural and often Republican-voting areas where cuts to Medicaid funding will be felt most deeply. Natalie Kitroeff spoke to a family doctor in one of those places, western North Carolina, about what she thinks will happen to her patients.Guest: Shannon Dowler, a family physician and health advocate in western North Carolina.Background reading: In North Carolina, President Trump's domestic policy law jeopardizes plans to reopen one rural county's hospital — and health coverage for hundreds of thousands of state residents.The nonpartisan Congressional Budget Office predicted that the Senate's version of Trump's bill would mean that 11.8 million more Americans would become uninsured by 2034.For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Photo: Kaoly Gutierrez for The New York Times Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

The Power Of Zero Show
Can Republicans Actually Make the Trump Tax Cuts Permanent?

The Power Of Zero Show

Play Episode Listen Later Jul 9, 2025 9:30


President Trump's proposed Big Beautiful Bill (BBB), which has been getting everyone's attention of late, is the topic of this episode of The Power of Zero Show.  Host David McKnight points out that the “crown jewel” of the BBB is the extension of the 2017 Trump tax cuts. The 2017 Tax Cuts and Jobs Act (TCGA) brought about cuts to individual income taxes, corporate taxes, and a dramatic expansion of the estate tax exemption. While corporate tax cuts were made permanent – going from 35% to 21% – the tax cuts for individuals and estates had an expiration date. If the status quo stays unchanged, those tax rates will revert back to their 2017 levels on January 1st, 2026. David goes over how Republicans could make the tax cuts permanents through some outside the box accounting techniques. Since Republicans don't have a supermajority in the House or Senate, they would have to rely on a special Senate process known as Budget Reconciliation.  A few fiscal conservatives such as Representative Thomas Massie and David Schweikert, as well as Senator Susan Collins and Rand Paul may not be on board with such an approach… Their main concern? The fact that making these tax cuts permanent would add between 4.6 and 5.5 trillion dollars to the national debt over the next 10 years. David addresses the single greatest obstacle preventing Republicans from making the Trump tax cuts permanent: the Bird Roll. The Bird Roll states that budget reconciliation bills cannot increase the federal deficit beyond the budget window, which is typically 10 years. In other words, to make the tax cuts permanent, Republicans would have to find a way to pay for them. Cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP, formerly known as the Food Stamps Program), as well as tariffs on imports are how Republicans are trying to go about things. Some Republicans suggest that the tax cuts won't increase the national debt over the next decade and beyond, for the fact that they'll actually spark economic growth. According to the Congressional Budget Office, the cost of the 2017 tax cuts was $1.9 trillion over an eight-year period, while the tax cuts themselves only increased revenue by about $400 billion. As David stresses, “The Tax Cuts and Jobs Act of 2017 ended up increasing the debt by about $1.5 trillion, meaning that the tax cuts were in no way self-financing.” If Trump tax cuts were to be made permanent, it will almost certainly increase the likelihood that taxes will have to skyrocket by the year 2035. According to a Penn Wharton study, when the country's debt-to-GDP reaches 200%, we've passed the point of no return. If that were to happen, no combination of raising taxes or reducing spending would arrest the financial collapse of the nation. Former Comptroller General of the Federal Government, David M. Walker, has even suggested that tax rates could have to double to keep the U.S. solvent. This means that even if Republicans make the tax cuts permanent, they will have to raise taxes eventually… For David, this may lead to Congress being forced to raise taxes in dramatic fashion in 2035 in an effort to avoid a financial apocalypse in 2040. David believes that, if you have the lion's share of your retirement savings swirling away in tax-deferred accounts like 401(k)s and IRAs, you should take advantage of what's likely going to be 8 to 10 years more of historically low tax rates.     Mentioned in this episode: David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Donald Trump Tax Cuts and Jobs Act Representative Thomas Massie Representative David Schweikert Senator Susan Collins Senator Rand Paul Congressional Budget Office Penn Wharton David M. Walker

Black Talk Radio Network
BTR News – The Hidden Cost of Deportation: Who Really Pays?

Black Talk Radio Network

Play Episode Listen Later Jul 9, 2025 5:27


In this episode of Black Talk Radio News, we dive deep into one of the biggest hypocrisies in U.S. politics — the fact that millions of undocumented immigrants pay billions in taxes every year, only to be criminalized, detained, and deported by the very system that benefits from their labor. While right-wing politicians call for mass deportations, few are talking about the economic fallout: a shrinking tax base, lost Social Security revenue, and growing federal deficits. We explore how the IRS issues tax ID numbers (ITINs) to undocumented workers, why the government protects their tax info from ICE, and how Trump's immigration agenda would worsen the national deficit — a cost rarely calculated by the Congressional Budget Office. This episode exposes how political fearmongering ignores the real math and punishes those who quietly help fund America's social safety net. Tune in and find out why this issue deserves more attention — not just from human rights advocates, but from anyone who cares about economic truth and fiscal responsibility.

The Indicator from Planet Money
Will the tax cuts pay for themselves?

The Indicator from Planet Money

Play Episode Listen Later Jul 8, 2025 8:14


The One Big Beautiful Bill Act is now law. It's expected to cost the government a pretty penny. The Congressional Budget Office predicts a $3.4 trillion increase in the deficit over ten years. This is driven by significant tax cuts, including extensions of those made in 2017. Trump's advisors argue the tax cuts will pay for themselves. Today on the show, we speak with the guru on that school of thought, Arthur Laffer, and dig into some of those claims with a tax economist. Related episodes: The simple math of the big bill (Apple / Spotify) What's going to happen to the Trump tax cuts? (Apple / Spotify) So, how's this No Tax On Tips thing gonna go? (Apple / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

The WorldView in 5 Minutes
Indian legislator offers money to assassinate pastors, Texas Governor called for a Day of Prayer for flood victims, Iranian Christians losing hope about regime change

The WorldView in 5 Minutes

Play Episode Listen Later Jul 8, 2025 9:31


It's Tuesday, July 8th, A.D. 2025. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com. I'm Adam McManus. (Adam@TheWorldview.com) By Kevin Swanson Indian legislator offers money to assassinate evangelists and pastors A member of a district legislative council in India has announced a bounty on Christian evangelists.   In a public speech, BJP Legislative Assembly Member Gopichand Padalkar allegedly issued a rate card for the assassination of various Christians, the highest amount offered for the killing of pastors. Members of the Christian community in the area are asking that police open a case against the legislator for inciting violence and spreading hatred. Under such treacherous conditions, would you pray for the safety of Christians in India? Iranian Christians losing hope about regime change World News Group reports that Christians in Iran are losing hope now for any possible regime change. During the week following the U.S. strikes, 1,000 people were arrested and falsely accused of spying for Israel, many of whom were Christians.  Some were executed.  The report quotes a 40-year-old Christian woman. She said, “Nobody welcomes wars, but at this point, war seems to be the most viable solution [for a regime change]. The oppressed people of Iran have used every opportunity to free themselves of this terrorist group in control. Every peaceful protest is cracked down upon in the most brutal way. We hoped these conflicts would give us a chance to fight for freedom by having military forces eradicated by Israel, just like the Israeli prime minister promised us.” An opinion survey conducted in 2022 by a Netherlands institute, found that, on a sample size of 158,000 people, over 80% of Iranians rejected the Islamic Republic and would prefer a democratically-elected government. Texas Governor called for a Day of Prayer for flood victims The latest count of the deceased in the Texas flooding tragedy has now reached 100, 27 of whom include children and counselors from a Christian girls camp known as Camp Mystic, reports ABC News. Davin Williams, the camp nurse, was heartbroken. WILLIAMS: “We had no idea people were missing. We had no idea that they had to wade through water, barely able to stand to get to the pavilion. I didn't even realize the gravity of the situation until we saw helicopters flying over us.” Over the weekend, Texas Republican Governor Greg Abbott called for a day of prayer. The governor said, “This is a time when we, as a state, need God more than ever.”   ABBOTT: “All we know is that prayer does work. Your prayers have made a difference. We ask for continued prayers as we continue our efforts to locate everybody who has been affected by this. “Pray so much for the families who have lost a loved one, who are going through challenging times that they never imagined on the third of July that something like this would happen. Prayer matters!” In less than one hour, the Guadalupe River had surged 26 feet up the banks, causing the majority of the wreckage.  This looks like the worst disaster since the 1953 Waco tornado which killed 114 people and injured another 597.  Habakkuk 3:2 is a cry for mercy:  “O LORD, I have heard the report of You, and Your work, O LORD, do I fear. In the midst of the years revive it; in the midst of the years make it known; in wrath remember mercy.” King Charles III and royal family support homosexual pride King Charles III and the royal family in London showed support for the annual homosexual pride march via  social media over the weekend. The Royal Family X account featured the Royal Band playing the iconic homosexual/transgender anthem entitled, Pink Pony Club, which was originally released by Chappell Roan. The royals drew attention to the sinful celebrations by adding in the caption: "#Pride2025," alongside emojis of a rainbow, disco ball, and sparkles. In reaction, one person wrote, “What a terrible post. No wonder at the coronation the King chose not to say 'defender of the Faith.' The monarchy ended with our beloved late Queen Elizabeth II.” And another asked, “Isn't the King the head of the church of England? He shouldn't be promoting sins.” 35,000 Brits participated in the march, supported also by the King's Royal Guard, reports Parade.  Spanish bill would imprison pastors who help “gays” or transgenders Spain is considering a bill that would imprison pastors who employ any “methods, programs, techniques or procedures of aversion or conversion, whether psychological, physical, pharmacological or of any other nature, intended to modify, repress, eliminate or deny their sexual orientation, sexual identity or gender expression,” reports The Christian Post. The lower house approved the bill by an overwhelming vote of 311 to 33.   Interestingly, Spain's Gross Domestic Product has been in a slump for 16 years. 25% tariff on Japan and South Korea; 30% on South Africa Yesterday, President Donald Trump announced a 25% tariff to be imposed on Japan and South Korea, and a 30% tariff on South African imports, effective August 1st, reports NBC News. The tariffs will be subject to negotiation, as the announcement suggested “perhaps” a reconsideration, “depending on our relationship with your Country,” in Trump's words. South Africa has seen no measurable growth in its GDP this year. The nation's economy is stagnating. Also, both the South Korean and Japanese economies contracted slightly in the first quarter of this year. India now fourth largest economy worldwide India is replacing Japan this year as the fourth largest economy in the world, according to initial estimates. Japan was the second largest economy in the world between 1988 and 2010, but its Gross Domestic Product has not improved since 1995 -- 30 years ago. The International Monetary Fund projects that the BRICS eastern nations of China and India will take the #2 and #3 positions as the strongest economies in the world by 2030. Thanks to Javier Milei, Argentina's economy is rebounding Argentina's economy is doing better. Since President Javier Milei's election in 2023, the country's annual inflation rate has reduced from 211.4 percent in 2023 to 43.5 percent by mid-2025. Remarkably, Milei cut 27% of the state budget and laid off thousands of government employees in his first year in office (last year), after which the economy took a small hit.   But recovery appears to be on its way for Argentina. The nation's GDP got a 5.8% boost in the first quarter of 2025. Congressional Budget Office predicts $1.9 trillion deficit this year The U.S. President's budget proposed for 2026, includes the identical base discretionary spending projection as Biden's previous budget - $1.6 trillion. The proposed budget includes an increase in spending of $155 billion for Homeland Security and Defense, and significant decreases in Health and Human Services, Housing and Urban Development, and international welfare programs. The Congressional Budget Office is projecting a $1.9 trillion deficit this year, the third-highest deficit in American history. Keep in mind the biblical principle from Deuteronomy 15:5-6. It says, “…Carefully obey the voice of the Lord your God, to observe with care all these commandments which I command you today. For the Lord your God will bless you just as He promised you; you shall lend to many nations, but you shall not borrow; you shall reign over many nations, but they shall not reign over you.” Close And that's The Worldview on this Tuesday, July 8th, in the year of our Lord 2025. Follow us on X or subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

Native America Calling - The Electronic Talking Circle
Tuesday, July 8, 2025 – Residents brace for Medicaid and food assistance cuts

Native America Calling - The Electronic Talking Circle

Play Episode Listen Later Jul 8, 2025 56:06


The Congressional Budget Office estimates the spending bill just signed by President Donald Trump will increase the number of people without health insurance by 16 million over the next ten years. The $1.1 trillion cuts to Medicaid will also affect Native Americans who rely on it to pay for health care through the Indian Health Service and threatens rural hospitals with a high rate of Medicaid-dependent patients. The new spending plan also substantially reduces the number of people who will collect food assistance through the federal government. We'll get insights on what these numbers mean for Native Americans who disproportionately rely on these two federal government programs. We'll also find out about the significance of the new Indigenous head of Mexico's Supreme Court. GUESTS A.C. Locklear (Lumbee), CEO of National Indian Health Board Aaron Payment (Sault Ste. Marie Tribe of Chippewa Indians), tribal councilman and former chairperson for the Sault Ste. Marie Tribe of Chippewa Indians Kelli Case (Chickasaw), senior staff attorney for the Indigenous Food and Agriculture Initiative Gaspar Rivera-Salgado (Mixteco), director for the UCLA Center for Mexican Studies

Native America Calling
Tuesday, July 8, 2025 – Residents brace for Medicaid and food assistance cuts

Native America Calling

Play Episode Listen Later Jul 8, 2025 56:06


The Congressional Budget Office estimates the spending bill just signed by President Donald Trump will increase the number of people without health insurance by 16 million over the next ten years. The $1.1 trillion cuts to Medicaid will also affect Native Americans who rely on it to pay for health care through the Indian Health Service and threatens rural hospitals with a high rate of Medicaid-dependent patients. The new spending plan also substantially reduces the number of people who will collect food assistance through the federal government. We'll get insights on what these numbers mean for Native Americans who disproportionately rely on these two federal government programs. We'll also find out about the significance of the new Indigenous head of Mexico's Supreme Court.

PBS NewsHour - Segments
Who will be affected by Trump administration’s Medicaid, SNAP work requirements

PBS NewsHour - Segments

Play Episode Listen Later Jul 7, 2025 6:20


President Trump’s big tax law includes a major provision the GOP has endorsed for years: work requirements for Medicaid recipients and for food stamp benefits. The Congressional Budget Office estimates that 11.8 million Americans could lose medical coverage over the next decade and more than 3 million could lose SNAP benefits. Laura Barrón-López discussed the stakes with Pamela Herd. PBS News is supported by - https://www.pbs.org/newshour/about/funders

PBS NewsHour - Health
Who will be affected by Trump administration’s Medicaid, SNAP work requirements

PBS NewsHour - Health

Play Episode Listen Later Jul 7, 2025 6:20


President Trump’s big tax law includes a major provision the GOP has endorsed for years: work requirements for Medicaid recipients and for food stamp benefits. The Congressional Budget Office estimates that 11.8 million Americans could lose medical coverage over the next decade and more than 3 million could lose SNAP benefits. Laura Barrón-López discussed the stakes with Pamela Herd. PBS News is supported by - https://www.pbs.org/newshour/about/funders

PBS NewsHour - Politics
Who will be affected by Trump administration’s Medicaid, SNAP work requirements

PBS NewsHour - Politics

Play Episode Listen Later Jul 7, 2025 6:20


President Trump’s big tax law includes a major provision the GOP has endorsed for years: work requirements for Medicaid recipients and for food stamp benefits. The Congressional Budget Office estimates that 11.8 million Americans could lose medical coverage over the next decade and more than 3 million could lose SNAP benefits. Laura Barrón-López discussed the stakes with Pamela Herd. PBS News is supported by - https://www.pbs.org/newshour/about/funders

The Daily Brief
This is The Daily Brief for Monday, July 7, 2025.

The Daily Brief

Play Episode Listen Later Jul 7, 2025 6:36


MIDDLE EAST. Updates from regional conflicts: The status of a new Gaza cease-fire proposal remains unclear this morning ahead of Israeli Prime Minister Benjamin Netanyahu's meeting with U.S. President Donald Trump in Washington, DC. Reports say the proposal, which Israel has accepted, includes plans for a 60-day cease-fire, the exchange of Hamas-held hostages for jailed Palestinians, increased flow of aid into Gaza, and a withdrawal of Israeli forces to a buffer zone along Gaza's borders. Israeli forces and Yemen-based Houthi rebels exchanged airstrikes early today following an attack on a Liberian-flagged ship in the Red Sea yesterday that is thought to have been carried out by the rebel group. In a video address yesterday, Hezbollah leader Naim Kassem said the militant group would not disarm until Israel withdraws from all of southern Lebanon and halts airstrikes on Hezbollah targets. UKRAINE. Today is day 1229 of the Russian invasion of Ukraine. Here is your update: Hundreds of flights were disrupted at major Russian airports over the weekend, including those in Moscow and St. Petersburg, amidst Ukrainian drone strikes targeting multiple Russian regions. TEXAS. Amidst threats of further heavy rainfall, authorities in Texas say at least 82 people have died in flooding that struck central Texas along the Guadalupe River early Friday morning. Reports say the affected area received 12-14 inches of rain in the space of just hours late Thursday and early Friday, causing the river to rise 26 feet in just 45 minutes. Dozens of people, including at least 10 girls from an area summer camp, remain missing as search and rescue efforts continue. U.S. PROTESTS. A federal trial begins today in a case filed by several university associations that are challenging what they say is a Trump administration policy of arresting and deporting foreign university faculty and students who participated in pro-Palestinian demonstrations and other political activities. Plaintiffs say the government policy violates the First Amendment and the Administrative Procedure Act, a law that governs the process by which federal agencies develop and issue regulations. U.S. SPENDING AND TAX BILL. The House of Representatives on Thursday passed, and President Donald Trump signed into law Friday, the Trump-backed, so-called "one big, beautiful bill" of spending and tax measures that includes, among other things, tax breaks, spending cuts, a rollback of solar energy tax credits, and new money for national defense and immigration enforcement. In its latest analysis, the nonpartisan Congressional Budget Office says the measure will add nearly $3.3 trillion to the federal deficit and result in about 11.8 million more Americans becoming uninsured over the next 10 years. U.S. POLITICS. Amidst ongoing tensions with President Donald Trump over the passage of his sweeping tax and spending bill, former Department of Government Efficiency head Elon Musk has announced the formation of a new "America Party" political movement. BRICS. At the conclusion of a two-day summit, member nations of the BRICS coalition - Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates - condemned global tariff increases and the recent attacks on Iran. While the BRICS statement did not specifically mention him, U.S. President Donald Trump posted on social media late last night that any country that aligns itself with what he termed "the Anti-American policies of BRICS" would face an added 10% tariff. PAKISTAN. National emergency officials say at least 72 people have died, and more than 130 have been injured, in 10 days of heavy monsoon rains and flash floods across Pakistan. GREECE. Mandatory work breaks from midday to 5pm have been imposed today for outdoor workers in parts of Greece where temperatures are expected to reach as high as 104 degrees Fahrenheit (or 40 degrees Celsius). E.U. AND CHINA. China imposed new trade restrictions on European...

Think Out Loud
Oregon Democratic Rep. Maxine Dexter on Medicaid cuts in GOP tax and spending bill

Think Out Loud

Play Episode Listen Later Jul 3, 2025 16:42


After a marathon session on Wednesday night, Republican lawmakers in the U.S. House of Representatives are poised to pass a massive tax and spending bill which President Trump has said he wants to sign on July 4. On Tuesday, the U.S. Senate passed their version of the bill after a tie-breaking vote from Vice President JD Vance. The bill passed by the Senate is expected to add $3.3 trillion to the federal deficit, according to the Congressional Budget Office, while making steep cuts to Medicaid benefits to help pay for trillions of dollars in tax cuts.    In Oregon, roughly 1 in 3 residents get their insurance through Medicaid. According to Oregon Health Authority’s Medicaid director Emma Sandoe, an estimated  100,000 to 200,000 Oregonians could lose their Medicaid benefits under the bill. On Wednesday, Gov. Tina Kotek and former Gov. John Kitzhaber, the architect of Oregon’s state Medicaid program, urged U.S. Rep. Cliff Bentz of Oregon’s 2nd Congressional District to vote against the bill. Bentz is the sole Republican member of Oregon’s Congressional delegation and roughly 40% of the residents in his district are enrolled in the Oregon Health Plan. Democratic U.S. Rep. Maxine Dexter of Oregon’s 3rd Congressional District is a pulmonary and critical care physician by training who testified against the bill on Capitol Hill and introduced amendments to it which were blocked by Republicans. She joins us to talk about the impacts of the Medicaid cuts for Oregonians and the new work and recertification requirements for Medicaid enrollees. “Think Out Loud” also made multiple attempts to request Rep. Bentz to participate in this conversation.

The BradCast w/ Brad Friedman
'BradCast' 7/2/2025 (Encore: Dr. Brooke Nichols on More Than 300,000 Dead Since Musk, Trump Shutdown of USAID)

The BradCast w/ Brad Friedman

Play Episode Listen Later Jul 2, 2025 58:08


Marketplace
Time for a national debt history lesson

Marketplace

Play Episode Listen Later Jul 1, 2025 26:17


The Senate just narrowly passed the latest version of the GOP tax and spending bill, and the House will vote on it tomorrow. Nonpartisan experts at the Congressional Budget Office say the bill will add more than $3 trillion to the national debt, which is already a whopping $36.2 trillion. In this episode, a few economic historians tell us how we got here. Plus: Construction spending falls again, Home Depot goes after large-scale pros and the stock market rallies.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Marketplace All-in-One
Time for a national debt history lesson

Marketplace All-in-One

Play Episode Listen Later Jul 1, 2025 26:17


The Senate just narrowly passed the latest version of the GOP tax and spending bill, and the House will vote on it tomorrow. Nonpartisan experts at the Congressional Budget Office say the bill will add more than $3 trillion to the national debt, which is already a whopping $36.2 trillion. In this episode, a few economic historians tell us how we got here. Plus: Construction spending falls again, Home Depot goes after large-scale pros and the stock market rallies.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Elon, Inc.
Trump Suggests an Elon Deportation, Tesla Shakes up Management

Elon, Inc.

Play Episode Listen Later Jul 1, 2025 31:51 Transcription Available


The predictable second round of Elon Musk’s feud with Donald Trump began over the weekend as the Tesla CEO took aim at the GOP’s massive tax-and-spend bill. Specifically irking Musk (along with efforts to gut incentives to buy his cars) is the amount of money the bill would add to the $37 trillion national debt ($3.3 trillion over a decade, according to a new estimate from the nonpartisan Congressional Budget Office). Trump initially kept his replies to the richest man on Earth muted, but as the South Africa-native’s broadsides piled up, the notoriously thin-skinned Republican president could no longer help himself. Trump blew up and not only threatened to withdraw government subsidies from Musk’s companies but said he would mull whether to try and “denaturalize” Musk and deport him. Meanwhile, Musk suggested he’d support primary challenges to any Republican lawmaker who supported the bill, and returned to the idea of starting a third party—called the America Party (of course).To make sense of all the chaos, Bloomberg national correspondent Joshua Green joins David Papadopoulos on this week’s episode of Elon, Inc. Green argues that—despite Musk’s hundreds of billions of dollars and hundreds of millions of social media followers (and bots)—there isn’t a huge constituency out there for a third party. Green also outlines the roots of a mini-campaign within Trump’s ultra-right wing base to get Musk deported, discusses Musk’s chances of actually convincing any lawmakers in the House (now that the Senate has passed the bill) to change their vote on Trump’s tax bill and predicts how many more rounds are left between him and his (one-time) biggest campaign donor. Papadopoulos also calls up Musk reporter Dana Hull to talk about about fresh challenges for Tesla. With several recent high-profile leadership exits, a flawed robotaxi rollout and sagging sales, things aren’t looking rosy for the electric carmaker ahead of tomorrow’s quarterly sales numbers. “They might only sell like a million and a half units this year; that’s like a far cry from the 20 million that they once talked about” Hull notes. Finally, Trump wasn’t the only subject of a Musk feuds this week. Mexican president Claudia Sheinbaum recently threatened legal action against SpaceX due to debris from a rocket explosion sweeping in across the border from Texas. Is Musk’s space technology company ready for a spat with one of the few world leaders who has managed to tame Trump? Bloomberg Executive Editor Crayton Harrison joins for the full story. See omnystudio.com/listener for privacy information.

Just Politics
Kristen Whitney Daniels – The moral cost of losing Medicaid

Just Politics

Play Episode Listen Later Jul 1, 2025 22:19


This week on Just Politics, the hosts revisit a powerful conversation from last season that feels more urgent than ever. Kristen Whitney Daniels—a disability advocate, diabetes educator, and associate director of the U.S. Federation of the Sisters of St. Joseph—joins us to talk about the moral and social consequences of stripping people of access to health care. As budget negotiations in Washington put Medicaid and the Affordable Care Act on the chopping block, the Congressional Budget Office estimates that, by 2034, millions of people across the country risk losing the coverage that keeps them and their families secure. In this episode, Whitney Daniels shares her personal experience navigating a complicated health care system with chronic illness and reflects on why Catholics and other people of faith must demand a system rooted in dignity, justice, and the common good. LINKS:  Report on how many people risk losing their health insurance under the budget reconciliation bill: https://ccf.georgetown.edu/2025/06/29/congressional-budget-office-confirms-senate-republican-reconciliation-bills-medicaid-cuts-are-more-draconian-than-the-house-passed-bill/ More on Kristen Whitney Daniels: https://cssjfed.org/about-us/staff-and-leadership/ NETWORK's issue page on health care advocacy: https://www.networkadvocates.org/issues/health-care/  

The Mike Hosking Breakfast
Richard Arnold: US Correspondent on Trump's tax and spending bill

The Mike Hosking Breakfast

Play Episode Listen Later Jul 1, 2025 4:43 Transcription Available


The US President is facing questions over health coverage cuts in his tax and spending bill, which just passed the Senate The casting vote of Vice-President JD Vance was needed, but it still needs House approval before it can be signed by Donald Trump by July 4th. The Congressional Budget Office says 11.8 million people could lose health coverage if it becomes law. US Correspondent Richard Arnold told Mike Hosking that Trump originally said they wouldn't touch Medicaid, which has turned out to be a lie. LISTEN ABOVE See omnystudio.com/listener for privacy information.

What A Day
GOP Rushes To Pass Trump's Big Beautiful Bill

What A Day

Play Episode Listen Later Jun 30, 2025 26:34


It's make-or-break week for Congressional Republicans and their big policy and spending legislation, a.k.a. President Donald Trump's ‘One Big Beautiful Bill.' Trump says he still expects to see the final package on his desk by this Friday, even as new estimates from the nonpartisan Congressional Budget Office show the latest version of the bill could add more than $3 trillion dollars to the national debt over the next decade. Is that deterring members of the party that professes to care about federal spending? Not really. Senate Republicans are expected to vote on the measures, after narrowly advancing it to the floor for debate over the weekend. Elana Schor, senior Washington editor for the online news publication Semafor, gives us an update on where the bill stands now and the possible speed bumps ahead.And in headlines: Trump hints at a possible TikTok buyer, the Supreme Court hands the White House another huge win by limiting the powers of lower court judges, and the president pressures Israeli officials to drop Prime Minister Benjamin Netanyahu's corruption trial.Show Notes:Check out Elana's work – www.semafor.com/author/elana-schorSubscribe to the What A Day Newsletter – https://tinyurl.com/3kk4nyz8What A Day – YouTube – https://www.youtube.com/@whatadaypodcastFollow us on Instagram – https://www.instagram.com/crookedmedia/For a transcript of this episode, please visit crooked.com/whataday

Consider This from NPR
Why a GOP senator says the budget bill breaks Trump's promise

Consider This from NPR

Play Episode Listen Later Jun 30, 2025 8:05


The massive budget bill that Senate Republicans are debating pays for some of its tax cuts by slashing hundreds of billions of dollars in Medicaid spending. The latest report from the non-partisan Congressional Budget Office estimates nearly 12 million people will lose health insurance if the Senate version of the bill becomes law. Trump insists the cuts come from eliminating waste, fraud and abuse. Democrats have said they break Trump's promise not to touch Medicaid — and over the weekend, Republican Senator Thom Tillis of North Carolina agreed. "What do I tell 663,000 people in two years or three years when President Trump breaks his promise by pushing them off of Medicaid because the funding's not there anymore?" We asked Sarah Jane Tribble, the chief rural correspondent for KFF Health News, what the cuts will mean for rural residents of states like North Carolina — and the hospitals that serve them.For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org. Email us at considerthis@npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Apple News Today
How Medicaid work requirements have failed before

Apple News Today

Play Episode Listen Later Jun 30, 2025 15:44


Republicans are grappling with their big tax-and-spending bill, which the independent Congressional Budget Office estimates will add $3.3 trillion to the national debt over the next decade. As they debate Medicaid cuts and work requirements at the federal level, Jeanne Whalen with the Wall Street Journal explains why Medicaid work requirements at the state level have not worked out. Following the Supreme Court ruling on birthright citizenship, Politico reporter and former prosecutor Ankush Khardori tells us what comes next. Florida is seizing Everglades land with plans to open a migrant-detention center in a swamp as soon as the first week of July. Ana Ceballos with the Miami Herald has more. Plus, what to know about the ambush attack on Idaho firefighters, the U.N.’s assessment of Iran’s nuclear capabilities, and Beyoncé’s scare during her hometown Texas show. Today’s show was hosted by Shumita Basu.

PBS NewsHour - Segments
Who would be affected by health care cuts in Senate version of Trump’s budget bill

PBS NewsHour - Segments

Play Episode Listen Later Jun 30, 2025 6:30


Recent changes to President Trump’s tax and spending bill would cut roughly $1.1 trillion in health care spending over the next decade, according to the nonpartisan Congressional Budget Office. It also found the bill would result in 11.8 million people losing health insurance by 2034 with the majority of those cuts hitting Medicaid. Laura Barrón-López discussed the impact with Larry Levitt of KFF. PBS News is supported by - https://www.pbs.org/newshour/about/funders

PBS NewsHour - Politics
Who would be affected by health care cuts in Senate version of Trump’s budget bill

PBS NewsHour - Politics

Play Episode Listen Later Jun 30, 2025 6:30


Recent changes to President Trump’s tax and spending bill would cut roughly $1.1 trillion in health care spending over the next decade, according to the nonpartisan Congressional Budget Office. It also found the bill would result in 11.8 million people losing health insurance by 2034 with the majority of those cuts hitting Medicaid. Laura Barrón-López discussed the impact with Larry Levitt of KFF. PBS News is supported by - https://www.pbs.org/newshour/about/funders

On Point
Trump's budget bill and ballooning deficits

On Point

Play Episode Listen Later Jun 20, 2025 44:24


The Congressional Budget Office estimates the current budget bill will add $3 trillion to the federal deficit over the next decade. On Point wraps up a weeklong exploration of what Trump's budget bill tells us about government spending and our financial future.

Big Take DC
Doing the Math on Trump's Tax Bill

Big Take DC

Play Episode Listen Later Jun 19, 2025 14:54 Transcription Available


As the debate about President Trump’s tax bill — known as the “One Big Beautiful Bill” — plays out among lawmakers in Washington, there’s been increasingly heated criticism of the non-partisan Congressional Budget Office. It calculates the costs and savings from the bill — including from the White House. On today’s episode of the Big Take, host Saleha Mohsin sits down with CBO director Phillip Swagel to hear how his agency churns out economic forecasts from inside the center of a political storm. Further listening: Stephen Miran Explains Why There’s No Secret Dollar PactSee omnystudio.com/listener for privacy information.

The Last Word with Lawrence O’Donnell
Lawrence: Trump's ‘heartlessness' was outdone by Sen. Lee's ‘perverse' tweets

The Last Word with Lawrence O’Donnell

Play Episode Listen Later Jun 18, 2025 41:23


Tonight on The Last Word: Sen. Mike Lee deletes some posts about the Minnesota lawmaker shootings. Also, The Washington Post reports Sen. Tim Scott's 60-second video attacking the Congressional Budget Office contains nine errors. And the fight over Donald Trump's National Guard deployment in California continues in an appeals court. Norm Orstein and Lisa Rubin join Lawrence O'Donnell.

The FOX News Rundown
Hostage Families Remain Hopeful As Israel Fights Multiple Wars

The FOX News Rundown

Play Episode Listen Later Jun 18, 2025 35:03


On October 7th, 2023, Edan Alexander became one of the many Israelis kidnapped by the terror organization Hamas. Originally born in New Jersey, Edan was serving in the Israeli Defense Force when Hamas terrorists ambushed and captured him. For 584 days, Edan was a hostage in the Gaza tunnels until May 12th, 2025. Edan was freed, and his family says their "nightmare came to an end." Edan's father, Adi Alexander, joins the Rundown to describe the terror he and his family experienced while expressing the importance of hope in Israel. Despite the efforts of DOGE and President Trump, America's debt has continued to grow, and with it, the anxiety over paying it off. The President's “Big Beautiful Bill,” while praised by his supporters, has some within the GOP worried it could strain the debt ceiling even further. Former Director of the Congressional Budget Office and President of the American Action Forum Doug Holtz-Eakin joins to explain how everyday Americans are impacted when our government takes out loans in the trillions and what realistic options are on the table if we want to lower the deficit. Plus, commentary from FOX News Digital columnist David Marcus. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Squawk Pod
5 Things to Know Before the Opening Bell 6/18/25

Squawk Pod

Play Episode Listen Later Jun 18, 2025 3:06


The 5 things you need to know before the stock market opens today: Israel and Iran exchange airstrikes for a sixth consecutive day as President Trump weighs a potential U.S. strike, Amazon CEO Andy Jassy says generative AI will lead to a smaller corporate workforce in the future, New York City mayoral candidate Brad Lander is released after being arrested at an immigration court protest, the Senate passes the Genius Act to regulate stablecoins, and the Congressional Budget Office estimates Trump's tax cuts could raise deficits by $2.8 trillion over the next decade. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin.  Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. 

From Washington – FOX News Radio
Hostage Families Remain Hopeful As Israel Fights Multiple Wars

From Washington – FOX News Radio

Play Episode Listen Later Jun 18, 2025 35:03


On October 7th, 2023, Edan Alexander became one of the many Israelis kidnapped by the terror organization Hamas. Originally born in New Jersey, Edan was serving in the Israeli Defense Force when Hamas terrorists ambushed and captured him. For 584 days, Edan was a hostage in the Gaza tunnels until May 12th, 2025. Edan was freed, and his family says their "nightmare came to an end." Edan's father, Adi Alexander, joins the Rundown to describe the terror he and his family experienced while expressing the importance of hope in Israel. Despite the efforts of DOGE and President Trump, America's debt has continued to grow, and with it, the anxiety over paying it off. The President's “Big Beautiful Bill,” while praised by his supporters, has some within the GOP worried it could strain the debt ceiling even further. Former Director of the Congressional Budget Office and President of the American Action Forum Doug Holtz-Eakin joins to explain how everyday Americans are impacted when our government takes out loans in the trillions and what realistic options are on the table if we want to lower the deficit. Plus, commentary from FOX News Digital columnist David Marcus. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Newt's World
Episode 852: One Big Beautiful Bill Act

Newt's World

Play Episode Listen Later Jun 12, 2025 31:00 Transcription Available


Newt talks with Matthew Henderson, Interim Chief Government Affairs Officer at America First Policy Institute, about the "One Big Beautiful Bill Act," a reconciliation bill that aims to reduce taxes, increase spending on federal programs, and raise the statutory debt limit. Passed by the House with a narrow margin, the bill is now under Senate consideration and faces criticism from figures like Elon Musk. Henderson shares insights on the bill's journey and its implications. He reflects on his past efforts with the Save America Coalition to oppose the Biden “Build Back Better Bill” and how those experiences inform his current advocacy for the new bill. Their discussion highlights the bill's potential to accelerate economic growth, cut taxes, and create jobs, while also addressing issues like border security, education reform, and healthcare. They also discuss the challenges of passing the bill, including opposition from the Congressional Budget Office's economic growth projections.See omnystudio.com/listener for privacy information.

The Great America Show with Lou Dobbs
Thursday Update: June 12, 2025

The Great America Show with Lou Dobbs

Play Episode Listen Later Jun 12, 2025 5:18


John Fawcett breaks down the biggest stories of the day, including remarks made by Pete Hegseth regarding military funding and medical research, the economic impact of tariffs and the Congressional Budget Office's findings on household incomes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What the Health?
RFK Jr. Upends Vaccine Policy, After Promising He Wouldn't

What the Health?

Play Episode Listen Later Jun 12, 2025 42:57


Health and Human Services Secretary Robert F. Kennedy Jr. this week did something he had promised not to do: He fired every member of the scientific advisory committee that recommends which vaccines should be given to whom. And he replaced them, in some cases, with vaccine skeptics. Meanwhile, hundreds of employees of the National Institutes of Health sent an open letter of dissent to the agency's director, Jay Bhattacharya, accusing the Trump administration of policies that “undermine the NIH mission, waste our public resources, and harm the health of Americans and people across the globe.” Anna Edney of Bloomberg News, Sarah Karlin-Smith of the Pink Sheet, and Joanne Kenen of the Johns Hopkins Bloomberg School of Public Health and Politico Magazine join KFF Health News' Julie Rovner to discuss these stories and more. Also this week, Rovner interviews Douglas Holtz-Eakin, president of the American Action Forum and former director of the Congressional Budget Office, to discuss how the CBO works and why it's so controversial. Plus, for “extra credit,” the panelists suggest health policy stories they read this week that they think you should read, too: Julie Rovner: Stat's “Lawmakers Lobby Doctors To Keep Quiet — or Speak Up — on Medicaid Cuts in Trump's Tax Bill,” by Daniel Payne. Joanne Kenen: ProPublica's “DOGE Developed Error-Prone AI Tool To ‘Munch' Veterans Affairs Contracts,” by Brandon Roberts, Vernal Coleman, and Eric Umansky. Anna Edney: KFF Health News' “Two Patients Faced Chemo. The One Who Survived Demanded a Test To See if It Was Safe,” by Arthur Allen. Sarah Karlin-Smith: Wired's “The Bleach Community Is Ready for RFK Jr. To Make Their Dreams Come True,” by David Gilbert. Hosted on Acast. See acast.com/privacy for more information.

Steve Forbes: What's Ahead
Spotlight: This Is Why The Congressional Budget Office Should Be Abolished Or At Least Substantially Reformed

Steve Forbes: What's Ahead

Play Episode Listen Later Jun 11, 2025 4:57


Steve Forbes makes the case to abolish or at least substantially reform the Congressional Budget Office, calling out the agency's consistent patterns of error that have consistently misled policymakers and thrown a wet blanket on economy-boosting tax cuts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ralph Nader Radio Hour
The MAGA Murder Bill

Ralph Nader Radio Hour

Play Episode Listen Later Jun 7, 2025 91:18


Ralph welcomes Heidi Shierholz, president of the Economic Policy Institute, to break down the budget bill passing through Congress that is the largest transfer of wealth from the poor and working-class to the wealthy in United States history. Then, insurance expert, Robert Hunter returns to discuss the recent rise in auto insurance rates.Heidi Shierholz is the president of the Economic Policy Institute, a nonprofit, nonpartisan think tank that uses the power of its research on economic trends and on the impact of economic policies to advance reforms that serve working people, deliver racial justice, and guarantee gender equity. In 2021 she became the fourth president EPI has had since its founding in 1986.We've never seen a budget that so plainly takes from the poor to give to the rich… The nonpartisan Congressional Budget Office found that lower and lower middle-income people will actually lose out. They may get something of a tax break, but they lose benefits. So that on net, their after-tax income will be lower after this bill, while the rich just make out like bandits.Heidi Shierholz, President of the Economic Policy InstituteThe draconian cuts that we are seeing to the safety net are not big enough, because the tax increases are so huge that this bill also increases the deficit dramatically.Heidi ShierholzMany folks are calling this the MAGA Murder Bill. They're not wrong. People will die because of the cuts that we're seeing here.Heidi ShierholzRobert Hunter is the Director Emeritus of Insurance at the Consumer Federation of America. He has held many positions in the field, both public and private, including being the Commissioner of Insurance for the State of Texas being the President and Founder of the National Insurance Consumer Organization and served as United States Federal Insurance Administrator.Decide how much you need. Don't ask for more than you really need. And then once you have it, “I need this much for my car. I need this much if I hit somebody” and so on. And then you get that statistic, and you send it out to several companies and get quotes.Robert Hunter on buying auto insuranceThere isn't any program benefiting the American people that Trump is not cutting in order to turn the country over to the giant corporations and the super-rich. It's basically an overthrow of the government and an overthrow of the rule of law.Ralph NaderNews 6/6/251. On May 23rd, the Trump administration Department of Justice officially announced it had reached an agreement with Boeing to drop its criminal case against the airline manufacturer related to the 2018 and 2019 crashes that killed 346 people, NPR reports. The turnover at the federal government in recent years has prolonged this case; the first Trump administration reached a deferred prosecution agreement with Boeing in 2021, but prosecutors revived the criminal case under President Biden, and as NPR notes, “Boeing agreed last year to plead guilty to defrauding regulators, but a federal judge rejected that proposed plea deal.” Just before the deal was reached, Senators Elizabeth Warren and Richard Blumenthal penned a letter calling on the DOJ not to “allow [Boeing] to weasel its way out of accountability for its failed corporate culture, and for any illegal behavior that has resulted in deadly consequence,” but this was clearly ignored. Paul Cassell, a law professor at the University of Utah and former federal judge who, according to NPR, is representing the families of victims for free, said, “This kind of non-prosecution deal is unprecedented and obviously wrong for the deadliest corporate crime in U.S. history…My families will object and hope to convince the court to reject [the deal]."2. That same day, Trump signed a new executive order to “cut down on regulations and fast-track new licenses for [nuclear] reactors and power plants,” per Reuters. According to the wire service, “Shares of uranium mining companies Uranium Energy…Energy Fuels…and Centrus Energy…jumped between 19.6% and 24.2%” following this announcement. Sam Altman-backed nuclear startup Oklo gained 23.1%. The administration's new interest in the nuclear industry is spurred in part by increased demand for energy as, “power-hungry data centers dedicated to artificial intelligence and crypto miners plug into the grid.” The nuclear industry is also expected to retain many tax incentives stripped away from green energy initiatives in the so-called Big Beautiful Bill.3. In yet another instance of the Trump administration going soft on corporate greed, the Republican-controlled Federal Trade Commission has dismissed their case against PepsiCo. As the AP explains, “The lawsuit…alleged that PepsiCo was giving unfair price advantages to Walmart at the expense of other vendors and consumers,” citing the 1936 Robinson-Patman Act, which bans companies from “using promotional incentive payments to favor large customers over smaller ones.” Current FTC Chair Andrew Ferguson called the case a “dubious partisan stunt,” in a press release. Former Chair Lina Khan however, called the dismissal “disturbing,” and wrote, “This lawsuit would've protected families from paying higher prices at the grocery store and stopped conduct that squeezes small businesses and communities across America. Dismissing it is a gift to giant retailers as they gear up to hike prices.”4. Instead of utilizing the federal regulatory apparatus to protect consumers and the public, the Trump administration instead continues to weaponize these institutions to target progressive groups. According to Axios, the FTC is “investigating…Media Matters over claims that it and other media advocacy groups coordinated advertising boycotts of Elon Musk's X.” As this report notes, “X [formerly Twitter] sued Media Matters for defamation in 2023 for a report it publicly released that showed ads on X running next to pro-Nazi content. X claimed the report contributed to an advertiser exodus.” While it seems unlikely the social media platform could prevail in such a suit, the suit has effectively cowed the advertising industry, with the World Federation of Advertisers dismantling their Global Alliance for Responsible Media just months after the suit was filed. Media Matters president Angelo Carusone is quoted saying, “The Trump administration has been defined by naming right-wing media figures to key posts and abusing the power of the federal government to bully political opponents and silence critics…that's exactly what's happening here…These threats won't work; we remain steadfast to our mission.”5. On Thursday, Representative Alexandria Ocasio-Cotez endorsed State Assemblyman Zohran Mamdani in his bid for Mayor of New York City, POLITICO reports. This endorsement came the morning after the first mayoral primary debate, a rollicking affair featuring nine candidates and including a testy exchange in which the moderators disregarded their own rules to press Mamdani to say whether he believed in “a Jewish state of Israel?” Mamdani responded that he believed Israel has a right to exist “as a state with equal rights.” This from the Times of Israel. In her endorsement, AOC wrote “Assemblymember Mamdani has demonstrated a real ability on the ground to put together a coalition of working-class New Yorkers that is strongest to lead the pack…In the final stretch of the race, we need to get very real about that.” Ocasio-Cortez said she would rank Adrienne Adams, Brad Lander, Scott Stringer and Zellnor Myrie in that order after Mamdani.6. Turning to Palestine itself, the Times of Israel reports notorious Biden State Department spokesman Matthew Miller admitted in an interview that, “It is without a doubt true that Israel has committed war crimes” in Gaza. While Miller stops short of accusing the Israeli government of pursuing “a policy of deliberately committing war crimes,” and repeats the tired canard that Hamas resisted ceasefire negotiations, he admits that the Biden administration “could have done [more] to pressure the Israeli government to agree to…[a] ceasefire.” Hopefully, Miller's admission will help crack the dam of silence and allow the truth to be told about this criminal military campaign.7. Even as Miller makes this admission, the merciless bombing of Palestinians continues. The Guardian reports “On Sunday, at least 31 Palestinians were killed after Israeli forces opened fire at the site of a food distribution centre in Rafah…On Monday, another three Palestinians were killed by Israeli fire at the same site…And on Tuesday, 27 people were killed after Israeli forces opened fire again, say Gaza officials.” This report continues, citing UN human rights chief, Volker Türk, who said on Tuesday that “Palestinians in Gaza now faced an impossible choice: ‘Die from starvation or risk being killed while trying to access the meagre food that is being made available.'” Türk added that by attacking civilians, Israel is committing yet more war crimes.8. Some high-profile activists are taking direct action to deliver food to Gaza. Democracy Now! reports 12 activists aboard The Madleen, part of the Freedom Flotilla Coalition, have departed from the Italian port of Catania. This group includes Swedish climate activist Greta Thunberg, actor Liam Cunningham, and Rima Hassan, a French member of the European Parliament. Despite the previous ship being targeted by a drone attack, Thunberg is quoted saying “We deem the risk of silence and the risk of inaction to be so much more deadly than this mission.” Threats to the flotilla continue to pour in. South Carolina Republican Senator Lindsey Graham tweeted, “Hope Greta and her friends can swim!” In Israel itself, IDF spokesman Brigadier General Effie Defrin ominously stated “we will act accordingly," per FOX News.9. In more foreign policy news, Gareth Gore – a Washington Post reporter and author of Opus, an exposé of the shadowy Opus Dei sect within the Catholic Church – reports Pope Leo has given Opus Dei six months to “pass comprehensive reforms” and has told the group that if significant changes are not made by December, “necessary measures will be taken.” Gore further reports that in addition to the reforms, “[Pope] Leo has also demanded an investigation into abuse allegations…[including] human trafficking, enslavement…[and] physical and psychological abuse of members.” According to Gore, the reforms were first ordered by Pope Francis in 2022, but “Opus Dei dragged its feet – in the hope the pope would pass away first.” Upon his death, Pope Francis had been on the, “cusp of signing into canon law a huge reform of Opus Dei.” The Vatican was also moving to force a vote on a revised Opus Dei constitution, which was, “quietly cancelled” within hours of Francis' death. Perhaps most tellingly, Gore reports “The Vatican has privately reassured Opus Dei victims who have long campaigned for justice that they ‘won't be disappointed'”10. Finally, a political earthquake has occurred in South Korea. Listeners may remember the failed coup attempt by right-wing former President Yoon Suk Yeol, which culminated in his ouster and could ultimately lead to a sentence of life in prison or even death. Now, the country has elected a new president, Lee Jae-myung, by a margin of 49.4% to 41.2%. Lee, who leads Korea's Democratic People's Party, has “endured a barrage of criminal indictments and an assassination attempt,” since losing the last presidential election by a margin of less than 1 per cent, per the Financial Times. Lee is a former factory worker who campaigned in a bulletproof vest after surviving being knifed in the neck last year. The FT notes “Lee…grew up in poverty and suffered [a] permanent injury at the age of 13 when his arm was crushed in a machine at the baseball glove factory where he worked…in 2022 [he] declared his ambition to be a ‘successful Bernie Sanders'.” That said, he has pivoted to the center in his recent political messaging. Beyond the impact of Lee's election on the future of Korean democracy, his tenure is sure to set a new tone in Korea's relations with their neighbors including the US, the DPRK, China and Japan.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

Afford Anything
First Friday: The Dollar Is Weak, Bonds Are Expensive, and We Owe WWII-Level Debt

Afford Anything

Play Episode Listen Later Jun 6, 2025 56:13


#614: The US just added 139,000 new jobs in May. That beat expectations. But the real story isn't in the job numbers — it's in the bond market. Something unusual is happening in bonds. Treasury yields are spiking. The dollar is weakening. That combination almost never happens together. And it's signaling concerns about future inflation. Trade wars continue on. A federal court just struck down some tariffs. The administration will appeal. Meanwhile, the EU has until July 9 to cut a deal. If they don't, 50 percent tariffs kick in. As a result, many companies are playing defense instead of growing. The debt situation keeps getting worse. We owe $36.2 trillion. That's more than we owed at the end of World War II as a percentage of our economy. Moody's just downgraded our credit rating. We're not alone — Britain's bonds just hit their highest levels since 1998. The accredited investor rules could finally change. Right now you need an income of $200,000 ($300,000 as a couple) or $1 million in net worth to access private markets. Those numbers haven't changed since they were written in 1982, even though adjusted for inflation, that $200,000 would be $662,000 today.  The SEC might start loosening enforcement of the accredited investor rules. That could open up more investments to people who've been locked out for decades. Crypto is finding its footing. The SEC dropped cases against Coinbase. They're backing away from treating most crypto like securities. Bitcoin sits near all-time highs. The US keeps building its strategic Bitcoin reserve. The House just passed what's being called the "One Big Beautiful Bill." It extends 2017 tax cuts. Eliminates taxes on tips and overtime. The Congressional Budget Office says it'll add $2.4 trillion to the deficit over 10 years. That's sparked debate between deficit hawks and growth advocates —  including one particularly high-profile debate that has been plastered across the headlines. Consumer sentiment stays stuck at 2022 lows. People expect 6.6 percent inflation. The actual rate is 2.3 percent. That gap between what the data says and what people feel shows up everywhere. We cover all of this in today's First Friday economic update.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Pour Over
Travel Ban, Big Beautiful Bill Debate, Unanimous Supreme Court Rulings, & More | 06.06.25

The Pour Over

Play Episode Listen Later Jun 6, 2025 10:31


Today, we're talking about President Trump banning travel from 12 countries; the Congressional Budget Office's report on the Big Beautiful Bill; the Supreme Court issuing three unanimous rulings; and other top news for Friday, June 6th. Stay informed while remaining focused on Christ with The Pour Over Today. Want to support The Pour Over? Choose to pay at tpopod.com  Please support our TPO sponsors! Upside: https://links.thepourover.org/Upside Cru: give.cru.org/pour LMNT: https://links.thepourover.org/LMNT_Podcast CSB: https://links.thepourover.org/CSB_podcast The Table Podcast: https://links.thepourover.org/TheTablePodcast Heaven Meets Earth Podcast: https://links.thepourover.org/HeavenMeetsEarth World Relief: worldrelief.org/prayer MOSH: moshlife.com/TPO Stewardship Investments: stewardshipinv.com

So Money with Farnoosh Torabi
1836: Ask Farnoosh: Thoughts on FIRE Movement? Worth the Effort?

So Money with Farnoosh Torabi

Play Episode Listen Later Jun 6, 2025 23:00


In this week's Ask Farnoosh, we're diving into your money questions and breaking down the big headlines.First up: What the Trump-backed budget bill could mean for your wallet. Farnoosh unpacks the Congressional Budget Office's $2.4 trillion deficit projection and explains how the proposed tax cuts and spending reductions may impact interest rates, government programs, and your future taxes.Then, in the mailbag:Is the FIRE (Financial Independence, Retire Early) movement right for you? Farnoosh shares her personal take and how she's pursued financial freedom—without traditional retirement.How to create a gift-giving strategy that feels generous and sustainable, plus tips for teaching kids to be kind and money-wise.And: Adding bonds to your investment portfolio—why they matter, how to buy them, and how to hold them in your retirement account.For further reading on the Republican Budget Bill, check out NPR's coverage.

The Daily
The Big Ugly Battle Over the Big Beautiful Bill

The Daily

Play Episode Listen Later Jun 5, 2025 35:41


President Trump has called the sweeping domestic policy bill that recently passed in the House the most important piece of legislation in his second term — a single bill that would unlock his entire domestic agenda.But as that bill heads to the Senate, it's raising questions among Republicans about whom Trumpism is really for. Today, the New York Times congressional correspondent Catie Edmondson joins “The Daily” to talk about the big messy battle over what Republicans have named the One Big Beautiful Bill Act.Guest: Catie Edmondson, a congressional correspondent for The New York Times.Background reading: President Trump is pressuring Republicans to back his policy bill, but the measure's opponents have a powerful new ally: Elon Musk.Mr. Trump's policy bill would add $2.4 trillion to the national debt, the Congressional Budget Office said on Wednesday. That estimate was all but certain to inflame concerns over the fiscal consequences of the legislation.For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.Photo: Kenny Holston/The New York Times Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

Start Here
Trump's New Travel Ban

Start Here

Play Episode Listen Later Jun 5, 2025 33:05


President Trump says he's implementing a full travel ban on nationals from a dozen countries, while also directing an investigation into former Biden administration officials. The Congressional Budget Office says a Republican “mega-bill” would spend $2.4 trillion more than it saves. And federal agents arrest a man suspected of aiding an attack on an IVF center. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Last Word with Lawrence O’Donnell
Lawrence: Musk vs. Trump. Trump's silence on Musk's budget bill attacks proves who's afraid of whom

The Last Word with Lawrence O’Donnell

Play Episode Listen Later Jun 5, 2025 41:11


Tonight on The Last Word: Donald Trump enacts a new travel ban, restricting or limiting nationals from 19 countries. Also, the Congressional Budget Office estimates 16 million people will lose their health insurance under Trump's budget plan. And Ukraine strikes more than 40 bombers inside Russia. Governor Kathy Hochul, Amb. Michael McFaul, and Lt. General Mark Hertling join Lawrence O'Donnell.

Deep State Radio
The Daily Blast: Trump Turns Sharply on Musk as Harsh New Data Wrecks Case for GOP Bill

Deep State Radio

Play Episode Listen Later Jun 5, 2025 19:18


President Donald Trump appears to have finally turned on Elon Musk over his scalding criticism of the “big, beautiful bill.” At a presser, House Speaker Mike Johnson revealed that Trump told him he's displeased with Musk, which almost certainly wouldn't have happened unless Trump authorized it, confirming Trump's anger at Musk is serious. Meanwhile, the Congressional Budget Office just released brutal numbers showing that the House GOP bill will add even more to the deficit and kick many more people off health coverage than previously thought. We talked to Danielle Deiseroth, executive director of Data for Progress, which just released interesting new polling on the GOP bill. She explains why the bill could grow more toxic with the public, why the Trump-Musk rift and CBO score could help penetrate with voters, and why Democrats should act as if this is a debate they can win. Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

Deadline: White House
“The stakes don't get much higher than this”

Deadline: White House

Play Episode Listen Later Jun 4, 2025 85:47


Nicolle Wallace on the Congressional Budget Office's bleak assessment of Trump's megabill, how Trump's tariffs are hurting supply chain industries, and how Pete Hegseth is working to erase civil rights history.Joined by: Scott Horsely, Mitch Landrieu, Tim Miller, Jacob Soboroff, Sheryl Gay Stolberg, Alex Wagner, Ryan Nobles, Charlie Sykes, Iowa State Rep. J.D. Scholten, Paul Rieckhoff, and Ukraine National Baseball Team pitcher Andrii Boiko.

WSJ What’s News
Why Americans Are Turning to Discount Stores

WSJ What’s News

Play Episode Listen Later Jun 4, 2025 14:21


P.M. Edition for June 4. Dollar General and Dollar Tree have reported bumper first-quarter earnings. WSJ reporter Suzanne Kapner joins to discuss what that shows about consumers, and about the state of the U.S. economy. Plus, the Congressional Budget Office estimates that President Trump's tax-and-spending megabill would add $2.4 trillion to the U.S. deficit, as Republican senators are demanding changes that could alter its price tag. We hear from WSJ tax policy reporter Richard Rubin about how the bill might shift. And the Trump administration threatens Columbia University's accreditation. Alex Ossola hosts. What's News in Earnings: Retailers Scramble to Respond to Tariffs Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Young Turks
Cruel & Unusual - May 30, 2025

The Young Turks

Play Episode Listen Later May 31, 2025 62:37


The Supreme Court clears the way for Trump to revoke legal protections for over 500,000 migrants—while a 2-year-old U.S. citizen is deported with her undocumented parents to Brazil. A new Trump rant sends stock futures tumbling, and Elon Musk's drug-fueled chaos on the campaign trail adds another bizarre chapter. Speaker Mike Johnson flip-flops on the Congressional Budget Office, suddenly calling it partisan for warning Trump's “big beautiful bill” will explode the deficit—despite having used the CBO to attack Biden in the past. Meanwhile, the White House scrambles to correct formatting issues in RFK Jr.'s “MAHA Report.” Hosts: John Iadarola, Michael Shure, Wosny Lambre SUBSCRIBE on⁠⁠ YOUTUBE⁠⁠ ☞ ⁠⁠ https://www.youtube.com/@TheYoungTurks⁠⁠ FOLLOW US ON: ⁠⁠FACEBOOK⁠⁠  ☞  ⁠⁠ ⁠⁠⁠⁠https://www.facebook.com/theyoungturks⁠⁠ ⁠⁠TWITTER⁠⁠  ☞      ⁠⁠ https://twitter.com/TheYoungTurks⁠⁠ ⁠⁠INSTAGRAM⁠⁠  ☞ ⁠⁠ ⁠⁠⁠⁠https://www.instagram.com/theyoungturks⁠⁠ ⁠⁠TIKTOK⁠⁠  ☞ ⁠⁠         https://www.tiktok.com/@theyoungturks⁠⁠