$3.3 trillion deficit buster: White House pushes for passage of Trump’s spending bill, as its price tag causes sticker shock

The 11th Hour with Stephanie Ruhle

NBC News

Politics, Washington, News, President, Policy, Government, Senate, Congress, Msnbc

4.5 • 3.6K Ratings

🗓️ 1 July 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Changes to Trump’s massive spending bill in the Senate raise red flags in the House as Republicans rush to meet July 4th deadline. Then, CBO analysis finds that Trump’s spending bill will increase U.S. deficits by $3.3 trillion and cut healthcare for millions. Plus, Senate Republican Thom Tillis announces he won’t be seeking re-election, shortly after Trump’s attacks. Melanie Zanona, Leigh Ann Caldwell, Susan Glasser, David Drucker, Justin Wolfers, Brooke Masters, Scott Bok and Reed Galen join The 11th Hour this Monday.

Transcript

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0:00.0	Tonight, crunch time in Congress for President Trump's massive spending bill.
0:06.0	Changes in the Senate are raising red flags in the House, and that could mean problems for the July 4th deadline.
0:13.0	Then money power politics will get a reality check on the numbers surrounding Trump's bill,
0:18.0	as the White House claims it's fiscally responsible.
0:21.6	Plus, a long-time Republican senator steps aside after Trump attacks, giving Democrats
0:27.6	an opening in the Senate as the 11th hour gets underway on this Monday night.
0:36.6	Good evening once again. I'm Stephanie Ruhl, and are you ready for this? 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
0:55.8	bill. Republicans are rushing to get the bill to Trump's desk in time for his deadline on Friday.
1:02.4	Donald Trump wants you to focus on his campaign promises that are in the bill, like extending the
1:07.3	tax cuts from his first term, billions of dollars for border security,
1:11.2	and eliminating taxes on tips and overtime.
1:14.6	But I want to level set with you about what else this bill will do.
1:18.8	It would also kick 12 million Americans off their health insurance thanks to one trillion
1:23.6	cut to Medicaid, according to the nonpartisan congressional budget office.
1:28.1	The bill also could cut the SNAP program by $300 billion by adding new work requirements.
1:33.5	And the bill could devastate clean energy companies by stripping away subsidies and funding
1:38.7	that was created during the Biden administration. And on top of all of that, the Senate bill would add, would add at least
1:46.3	$3.3 trillion to the national debt over the next decade. That is according to the analysis by,
1:53.5	I'll say it again, the nonpartisan congressional budget office. Now, Republicans Tom Tillis,
1:59.1	and Rand Paul have already said they plan to vote no,
2:03.2	which means the GOP can only afford one more no vote, and there are still a handful who are
2:08.6	undecided, at least publicly. Of course, to meet the president's deadline, the Senate bill still
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