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Squawk Pod

The Shutdown Episode: Speaker Johnson & Minority Leader Jeffries 9/30/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 30 September 2025

⏱️ 49 minutes

🧾️ Download transcript

Summary

As a government shutdown looms in Washington, House Speaker Mike Johnson (R-Louisiana) discusses friction between the Republicans and Democrats that’s delaying progress on the Hill. House Minority Leader Hakeem Jeffries (D-New York) then responds to the Speaker, underscoring the Democrats’ priority in American health care. CNBC’s Emily Wilkins explains the points of contention between parties and the likelihood of a bipartisan agreement before tonight’s funding deadline. Plus, Boeing has reportedly started working on a replacement for the troubled 737 Max and both fintech Wealthfront and Jennifer Garner’s Once Upon a Farm have filed for an IPO. Emily Wilkins - 4:38 Speaker Mike Johnson - 18:10 Rep. Hakeem Jeffries - 37:59 In this episode: Mike Johnson, @SpeakerJohnson Hakeem Jeffries, @RepJeffries Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0

Hi, I'm CNBC producer Katie Kramer.

0:04.5

Welcome to Squawk Pod.

0:06.5

Today, it is the final countdown.

0:09.3

We are just hours away from a government funding deadline

0:12.7

that could keep federal workers unpaid, agencies closed,

0:16.1

and air travel possibly snarled.

0:18.2

So, where do we stand?

0:19.6

CNBC's Emily Wilkins on the Capitol Hill Scramble.

0:22.6

If we go into a shutdown, come out of a shutdown, who winds up getting the blame?

0:26.6

Republicans and Democrats.

0:28.6

Mr. Vice President, so just to be clear, is there room for negotiation here with Democrats?

0:32.6

And the White House, gearing up for a fight.

0:35.6

I think we're headed to do a shutdown because the Democrats won't do the right thing.

0:39.5

House Speaker Mike Johnson joins us and points across the aisle Democrats for holding up progress.

0:45.4

Hakeem Jeffries and I are friends. We have a great relationship of trust, okay?

0:48.9

But I'm telling you that their political position right now is pure politics.

0:52.4

And they're doing this for Chuck Schumer's backside,

0:56.2

not for the American people. The key health care tax credits that hang in the balance.

1:00.8

They're trying to make a December policy debate, the issue of the day, and that's not,

1:04.2

that's not true. Today, all we've got to do is keep the government open. And the response,

1:08.9

Minority Leader Hakeem Jeffries. It's not a bipartisan spending agreement.

1:13.6

It was a Trump partisan spending agreement. On the high stakes and quickly moving back and forth.

...

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