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The Journal.

Trump 2.0: A Whiplash on Federal Spending

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 31 January 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

Ryan Knutson and Molly Ball round up the week’s news including nomination hearings, inspectors general firings and the airplane crash in D.C. Plus, they speak to WSJ’s Washington coverage chief Damian Paletta about the administration's freeze on potentially trillions of dollars in government financial assistance. Further Listening: - Trump 2.0: A Fast Start to a Second Term  - Trump’s Immigration Overhaul  Further Reading: - White House Budget Freeze Tried to Flip Script on Busted Budget Process  - Trump Blames DEI, Democrats for Deadly Plane Crash  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Molly Ball, Senior Political Correspondent.

0:09.3

How are you?

0:10.2

Pretty good, Ryan. How you doing?

0:11.7

Great.

0:12.4

So Donald Trump has been president for 11 days.

0:16.7

Is it just me or is it feel like he's's trying to do everything, everywhere all at once?

0:23.8

Just like the movie, which means we're also going to get a proliferation of like clones with weird appendages. Is that how this is going to go?

0:31.3

Yeah, with hot dog fingers. Is that coming soon? Yeah, that's right, the hot dogs. Uh-huh. That must be the next executive order we should all look out for.

0:40.0

How would you say overall

0:41.1

that things are going for him so far

0:43.0

with this strategy?

0:44.6

I would say mixed.

0:45.5

I mean, Republicans and people

0:47.0

in the administration

0:47.8

are pretty thrilled with how it's going.

0:49.7

They feel like he's racking up wins.

0:51.8

Democrats are also sort of getting

0:53.2

their moxie back because they see him

0:56.4

as doing too much too fast, and they feel like this is going to cause a backlash that's going

1:01.1

to bring them back to relevance. All right, well, there's a lot to cover here on the show today,

1:07.0

so let's get right to it. Let's do it.

1:12.8

From the journal, this is Trump 2.0.

...

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