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The 11th Hour with Stephanie Ruhle

Tough day for Trump's megabill

The 11th Hour with Stephanie Ruhle

NBC News

Politics, Washington, News, President, Policy, Government, Senate, Congress, Msnbc

4.53.6K Ratings

🗓️ 5 June 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

Speaker Mike Johnson runs damage control after Elon Musk blasts of Trump’s megabill. Then, why there are new questions about the credibility of Trump’s economic data and what that means for markets. Plus, Trump speaks with Vladimir Putin this afternoon as the Russia-Ukraine war continues. Peter Goodman, John Avlon and Philip Bump join The 11th Hour this Wednesday.

Transcript

Click on a timestamp to play from that location

0:00.0

Tonight, a tough day for President Trump's mega bill, as Mike Johnson does damage control over Elon Musk's latest attacks on the legislation.

0:10.0

Then, can we trust economic data from the Trump administration?

0:13.0

Why it's crucially important to get accurate data.

0:17.0

Plus, Trump says Vladimir Putin told him he's planning to respond to Ukraine's drone attack on its bombers as the 11th hour gets underway on this Wednesday night.

0:31.2

Good evening. Once again, I am Stephanie Ruhl and welcome to the midweek nightcap. If you have been counting and you know we have been,

0:38.1

it is day 136 of the second Trump administration and the Congressional Budget Office has made it

0:44.4

official. They've unveiled their analysis of the GOP spending megabill. And according to the CBO,

0:50.9

Trump's bill will raise the deficit by more than $2 trillion over the next 10 years.

0:57.3

Right now, there are still some Senate GOP holdouts, but they don't seem as angry as a one Elon must.

1:04.3

Fresh out of Washington and far away from Trump, the former head of Doge is absolutely blasting the

1:10.2

administration over the bill,

1:11.9

demanding a do-over and leaving Speaker Johnson to do some serious damage control.

1:16.6

Watch this.

1:18.2

I talk to President Trump, you know, all the time, multiple times a day.

1:22.4

Obviously, we've talked about this.

1:24.1

As you know, he's not delighted that Elon did a 180 on that.

1:29.6

But look, I don't know what happened in 24 hours.

1:33.1

Everybody can draw their own conclusions about that, okay?

1:35.8

But I look forward to talking to my friend about it again, and I'm not upset about it.

1:41.0

Meanwhile, a new study from the New York Federal Reserve finds that businesses have rapidly hiked prices in response.

1:48.0

Can you guess to what?

1:49.2

Donald Trump's tariffs passing on the cost to us consumers.

...

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