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The 11th Hour with Stephanie Ruhle

Biden's economic legacy in the final weeks of his administration

The 11th Hour with Stephanie Ruhle

MS NOW, Stephanie Ruhle

Politics, Washington, Congress, News, Ms Now, President, Versant Media, Policy, Msnbc, Versant, Government, Senate

4.43.6K Ratings

🗓️ 11 December 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

President Biden touts his 'fairly strong economy' and warns against Trump's tariffs and tax cuts. Plus, Tiktok's plans to fight back amid the potential ban in the U.S. next month. And, suspect Luigi Mangione is denied bail in the murder of insurance CEO Brian Thompson. Jeff Mason, Carol Leonnig, David Jolly, Bill Cohan, Roger McNamee, Dan Diamond, and Rob D'Amico join The 11th Hour this Tuesday.

Transcript

Click on a timestamp to play from that location

0:00.0

Tonight, Biden's economic legacy, the president celebrates a strong economy and warns the incoming administration against making a major mistake.

0:10.0

Plus, TikTok tries to stop a potential ban in the U.S. what it means for millions of American users.

0:17.0

And the suspect charged in the murder of insurance CEO Brian Thompson is denied bail.

0:23.3

Wright could take weeks before he's extradited to New York as the 11th hour gets underway on

0:28.2

this Tuesday night.

0:35.3

Good evening once again. I am Stephanie Ruhl.

0:38.0

And with Dustin six weeks left in office, President Biden today spoke about what he has been able to do for the economy since his presidency.

0:46.3

And he offered some important advice for his successor.

0:49.9

Watch this.

0:52.2

Most economists agree the new administration is going to inherit a fairly strong economy,

0:57.4

at least at the moment, an economy going through fundamental transformation. It's laid out a stronger

1:03.5

foundation and a sustainable, broad-based, highly productive growth. And it's my profound hope

1:09.9

that the new administration will preserve and build on this progress.

1:13.9

The incoming administration is determined to return the country to the round of trickle-down economics and another tax cut for the very wealthy.

1:20.9

That will not be paid for. Or if paid for it, it's going to have a real cost.

1:25.7

Once again, causing massive deficits,

1:28.2

or significant cuts in basic programs of health care education, veterans benefits.

1:33.4

On top of that, he seems determined to impose steep universal tariffs

1:37.2

on all imported goods brought to this country,

1:40.6

on the mistaken belief that foreign countries will bear the cost of those tariffs rather than the

1:46.5

American consumer. Who do you think pays for this? I believe this approach is a major mistake.

1:53.7

Of course, we cover it every night. Donald Trump has made some very big promises about all kinds of

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