One Big BS Bill
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 12 July 2025
⏱️ 59 minutes
🧾️ Download transcript
Summary
This week: Trump's supersized “One Big Beautiful Bill” is now one big BS act. Felix Salmon, Emily Peck and Elizabeth Spiers the economic ramifications of congress passing the controversial megabill. Then, Trump’s trade war continues to shock and confuse. The hosts discuss the logic, or lack thereof, of his latest tariff proposals. And finally, buried in the big ol’ spending bill is something called a Trump Account which includes $1,000 for newborns. Should you open one?
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Podcast production by Jessamine Molli.
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Transcript
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| 0:00.0 | Hello. Welcome to Slate Money, your guide to the business and finance news of the week. I'm Felix Salmon. I'm here with my former colleague, Emily Peck of Axios. |
| 0:22.7 | Hello, hello. I'm here with Elizabeth Spires, who's still got her New York Times gig. |
| 0:28.0 | Hello. And we have an unavoidably political slate money this week because the big beautiful |
| 0:35.5 | bill passed. It is now a big beautiful act we're going to talk |
| 0:38.6 | about what was in it what it all means we are also going to talk about the tariff situation |
| 0:43.9 | and what is going on with these brazy tariffs of Brazil and copper and all the rest of it |
| 0:49.3 | we have a whole segment on the trump accounts which is a thousand dollars going to your newborn if you're fortunate enough to have a newborn this on the Trump accounts, which is $1,000 going to your newborn. |
| 0:55.0 | If you're fortunate enough to have a newborn this year, it's all coming up on Slate Money. |
| 1:06.0 | Adobe Express is the quick and easy Create Anything app. |
| 1:11.6 | It has taken my content to the next level, |
| 1:14.6 | making it simple to create everything I need to promote my business. |
| 1:17.6 | From Instagram and TikTok posts to logos and flyers, |
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| 1:23.6 | Build your brand with Adobe Express. |
| 1:26.6 | Search for Adobe Express to find out more and get the app for |
| 1:29.5 | free. Adobe Express, the quick and easy create anything app. So Elizabeth, I'm going to start with you. |
| 1:39.2 | Is there a massive piece of legislation in the US right now called right now called one big beautiful act, and that's how |
| 1:47.1 | everyone has to refer to it in perpetuity. I don't think that we're required to, but given the |
| 1:52.1 | authoritarian state that we're marching into, maybe next year we'll have to. But like when people |
| 1:56.8 | talk about the TCJA, because they talk about the tax cuts and jobs act or whatever. |
| 2:02.7 | That is the name of the act. |
| 2:04.8 | If you talk about the Securities and Exchange Act, you refer to it by the name of the act. |
... |
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