The Federal Deficit: Who Cares? 10/29/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 29 October 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A Donald Trump presidency could be worse for the federal budget than a Harris presidency, according to a new report from the Committee For a Responsible Federal Budget. Either way the election goes, CNBC’s Eamon Javers says the deficit will grow. CNBC’s Steve Liesman considers why neither politicians nor the broader public seem to care about America’s soaring debt, and shares his concerns about the deficit’s economic impact. A week out from election day, Axios co-founder Mike Allen says the MAGA-World is confident. While the election seems like a coin flip, it could end up a landslide for either candidate. Plus, Trump Media shares surged and Washington Post owner Jeff Bezos published an op-ed defending the newspaper’s decision against endorsing a presidential candidate this election cycle. Mike Allen - 30:35 In this episode: Mike Allen, @mikeallen Eamon Javers, @EamonJavers Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi, I'm C. NBC producer Katie Kramer, today on Squack Pod.
0:09.0	The dangerous game of the rising federal deficit,
0:12.0	spending more than we're making.
0:13.8	And we'll keep doing it after the election.
0:16.2	See and B. C. M.
0:17.2	Javers.
0:18.2	No matter who wins next week, it's going to be bad for the nation's fiscal
0:21.6	health likely.
0:23.2	It's a big deal, says our economics reporter,
0:25.9	Steve Leisman, but nobody seems to care.
0:28.7	Do people not care about the deficit
0:30.4	because politicians have not made an issue? Or do politicians not care because voters don't care.
0:35.0	One week out.
0:37.0	Point Flip America.
0:38.0	Mike Allen of Axios about life on the election's razor edge.
0:43.0	To the very last day, it could be a landslide.
0:46.0	One of these candidates could win five or more of these swing states.
0:50.0	Plus the market's October surprises,
0:52.0	and Jeff Bezos writing for his own paper about his decision that cost the Washington Post thousands of subscribers.
0:59.0	Do you think he regrets making that purchase? I don't know. It's Tuesday October 29th. It's
1:05.9	Tuesday and you know how fast weeks go they almost go like days. Squack pod begins
	...

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