Business Rundown: Sticking Points Remain In The GOP Budget Bill

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 9 May 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Thursday’s news of a trade deal between the U.S. and the U.K. sent the stock index futures climbing, stoking hopes that trade tensions could de-escalate. Meanwhile, back in DC lawmakers are puzzling together how to keep President Trump’s 2017 Tax Cuts into the “one big, beautiful bill.” Ideas from cuts to Medicaid to a millionaire’s tax have been floated to make this budget reconciliation possible but sticking points from different coalitions of Republicans remain. FOX Business’ Gerri Willis breaks down the latest trade deal and obstacles left in the budget bill negotiations with former Director of the Congressional Budget Office and President of the American Action Forum, Doug Holtz-Eakin. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm Jerry Willis, and this is the Fox Business Rundown.
0:08.2	Friday, May 9th, 2025.
0:11.6	Thursday's news of a trade deal between the U.S. and UK sent the stock index futures climbing,
0:17.4	stoking hopes that trade tensions could de-escalate.
0:26.6	Meanwhile, back in D.C., lawmakers are puzzling together over how to accommodate President Trump's one big, beautiful bill.
0:28.6	We have seen many one big, beautiful bills, reconciliation bills for presidents over the many
0:34.6	years that I've been in D.C.
0:36.6	And two things always happen.
0:38.0	Number one, the deals are always falling apart. And the second thing we always see is the bill
0:42.9	passes. The United States signed their first trade deal after Liberation Day with the United Kingdom.
0:48.9	While the deal was limited in scope, it delivered a sign of good faith to U.S. consumers
0:53.7	that the Trump administration is hard at work landing newly negotiated trade deals.
0:58.9	Commerce Secretary Howard Lutnik said on Thursday that this deal was just the beginning, and the President echoed this positive sentiment on social media,
1:07.8	teasing that trade deals with many other nations were in the hopper.
1:11.8	The president even suggested he was considering moderating his position on tariffs on China
1:16.6	ahead of the Switzerland talks taking place this weekend.
1:20.5	Meanwhile, in Washington, GOP lawmakers have been tasked with crafting President Trump's one big, beautiful bill.
1:27.0	They are weighing how much they will need to cut
1:29.1	to accommodate the Trump 2017 tax cuts,
1:32.2	including potential changes to Medicaid.
1:35.1	Fox News Digital also reported that President Trump
1:37.7	had even floated to House Speaker Mike Johnson
	...

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