CBO Fact vs Fiction; A New Middle East 6/16/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 16 June 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As strikes between Israel and Iran continue, Atlantic Council President and CEO Frederick Kempe discusses a new era of geopolitics in the Middle East, including the relative balance of power between Iran and Israel. Congressional Budget Office Director Phillip Swagel shares his agency’s evaluation of the U.S. economy, in spite of pushback from Republican lawmakers. In Albert, CNBC’s Megan Cassella reports on the G7 and the various agenda at play during this year’s meeting. Plus, 23andMe founder Anne Wojcicki won the auction for reclaiming the bankrupt DNA database company. In this episode: Phill Swagel - 14:49 Frederick Kempe - 28:10

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.2	Today on Squawk Pod.
0:09.2	The big beautiful bill, President Trump's key legislative priority, comes with a big cost.
0:15.2	The Congressional Budget Office estimates this mix of tax cuts and investments could add more than $2 trillion to the U.S. deficit.
0:22.6	We talked to the head of the nonpartisan CBO, Phil Swigel, on mapping the math, no matter the politics.
0:29.6	There is a little bit of a strange thing being criticized for following the law, but that, you know, that's okay that I think we all here understand that that's just part of the process.
0:38.3	And the conflict between Israel and Iran stretches into a fourth day with the region on edge.
0:45.3	Once and for all, take that off the table.
0:48.3	If they had zero possibility of getting a new.
0:52.3	Israel has made the point that it is doing the work that lots of other nations probably
0:57.9	appreciate.
0:58.9	The Atlantic Council's Fred Kemp is optimistic.
1:01.7	This time is different.
1:03.4	Iran's in the weakest position.
1:05.2	It's been since the fall of Saddam Hussein, so 30 years or so.
1:09.1	Plus, the rest of today's news that got us squawking, from Congress to DNA databases, to the
1:14.6	mountains of Alberta.
1:15.6	Our Megan Casella at the G7 with the world's largest economies.
1:19.6	Canada, as the host country, because of how much disunity and how much fracturing this is this year,
1:24.6	they're trying to avoid some disagreements, and they're not pushing for a joint statement of any kind.
1:30.3	It's Monday, June 16th, 2025.
	...

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