Day 101: Big tests for Trump's economic agenda
The Daily Punch
Punchbowl News
4.3 • 707 Ratings
🗓️ 30 April 2025
⏱️ 8 minutes
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| 0:00.0 | And now, a message from Google. The spirit of innovation is deeply ingrained in America, |
| 0:06.9 | and Google is helping Americans innovate in ways both big and small. Central Texas Regional Mobility |
| 0:13.8 | Authority is using Google AI to create smarter tolling systems and improve traffic flow for Texans. |
| 0:23.1 | This is a new era of American Innovation. Find out more at G.co slash American Innovation. Good morning. I'm Jake Sherman and welcome to The Daily Punch, brought to you by Punch Bowl News. |
| 0:44.9 | It is Wednesday, April 30th, 2025. Let's get into the mix. Here are your Washington headlines of the day. |
| 0:51.0 | Number one, some tests for the Trump economic agenda. Number two, |
| 0:55.1 | with Connolly's illness, Democrats start sparring over the oversight post. And number three, |
| 1:00.4 | Guthrie is meeting with Medicaid-wary Republicans and the latest on salt. Let's get into it. |
| 1:06.3 | The top this morning. Economy, economy, economy. Republicans are bracing for several flashpoints today that |
| 1:12.0 | will tell us a lot about the economic and political ramifications for Donald Trump's |
| 1:17.0 | tariff regime. First up is the GDP for the first quarter. Then we'll see whether Senate |
| 1:22.1 | Republican leaders can hold the line on a key tariff vote expected this evening. The Trump |
| 1:26.7 | administration will receive its |
| 1:28.1 | GDP report card for the first quarter of 2025 at 8.30 a.m. That's in about three hours and |
| 1:33.6 | 40 minutes from right now. This comes from the Commerce Department's Bureau of Economic Analysis. |
| 1:39.7 | The period won't fully capture the onset of Trump's tariffs in early April, but expect plenty of headlines, |
| 1:45.5 | especially if the data shows the economy is contracting. |
| 1:49.5 | The U.S. economy grew by 2.4% in the last quarter of the Biden administration. |
| 1:53.3 | Estimates for today's GDP report range from 0.8% growth to a contraction of 0.4. |
| 1:59.3 | I can't tell you how devastating a contraction would be |
| 2:05.2 | for the Trump administration. If the economy is contracting, that is a massive problem. It will be a |
| 2:12.1 | massive problem for Republicans. They're already skeptical of the tariff regime, and it will be bad. At 10 a.m., |
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