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The ReidOut with Joy Reid

Trump orders halt on federal funding as he talks about lowering taxes for billionaires

The ReidOut with Joy Reid

NBCNews

President, Washington, Msnbc, Government, Senate, Policy, Society & Culture, Congress, News, Nbc, Politics

4.53.1K Ratings

🗓️ 29 January 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

In this edition of The ReidOut, Joy Reid brings you two major interviews. Michigan Governor Gretchen Whitmer and New York Attorney General Letitia James join Joy to discuss Donald Trump’s reality TV-style immigration raids and his blatantly illegal federal spending freeze, as he moves quickly to consolidate power. Meanwhile, his administration is doubling down on regressive policies, with Trump asking for billions for immigration raids targeting Democratic cities and his Treasury secretary proposing tariff hikes that will burden everyday Americans. All this, while Trump champions permanent tax breaks for billionaires and corporations, leaving working-class Americans to shoulder the costs. Listen now.

Transcript

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0:00.0

I mean, thank you for joining us tonight.

0:02.1

Clearly, it has been a very busy, busy day, not just for protest songs.

0:05.8

And we have a lot to get in in just one hour in the next hour of the readout, including two very, very big interviews.

0:12.6

Michigan Governor Gretchen Whitmer and New York Attorney General Letitia James both join me tonight on Trump's reality TV immigration raids and his blatantly illegal

0:23.5

federal spending freeze as he moves quickly to consolidate his authoritarian power. But we begin

0:29.6

tonight with Chief Justice John Roberts, who just seven months ago granted Donald Trump sweeping

0:35.5

powers of immunity. And granting him immunity and impunity, Roberts explained that it was necessary because a

0:42.8

president must not be chilled from taking bold and unhesitating action required of an

0:48.9

independent executive. Mere laws be damned. President Trump took Robert's permission slip to heart, issuing an

0:57.3

unprecedented pause of all, I repeat, all federal grants and loans, which was supposed

1:02.9

to go into effect at 5 p.m. Eastern today, less than 24 hours after every agency was informed.

1:10.5

But because there is still a rule of law, at 4.59 p.m. of federal 24 hours after every agency was informed.

1:21.7

But because there is still a rule of law, at 4.59 p.m., a federal judge in Washington, D.C., temporarily halted the funding freeze until next Monday so she can review its legality.

1:39.3

Yesterday's news immediately plunged the country into chaos because the directive could affect trillions of dollars that Congress has already approved for things like Head Start, cancer research, special needs kids, local law enforcement, opioid treatment, and a myriad of other initiatives.

1:45.8

And not to step on the judge here, and I am clearly not a lawyer, but yeah, the funding freeze is unlawful on its face.

1:51.2

Because, you know, Congress. Congress is the one that has the power of the purse.

1:55.1

And they already approve the money to be spent.

2:14.4

I guess bold and unhesitating action means ignoring the Constitution or ignoring the Supreme Court and that other law banning TikTok or ignoring a 222 law requiring the president to give a rationale and a 30 days notice to Congress before firing the inspecting general's that he already fired.

2:22.4

Maybe you can be bold and unhesitating when you hire the folks from the Heritage Foundation who wrote Project 2025.

2:30.4

You know, the ones who told us the federal government should stop funding pretty much everything except tax cuts for the super rich corporations.

2:36.4

Like Russell Vout, the soon-to-be director of the Office of Management and Budget OMB,

2:40.1

who wrote in the Project 2025 manifesto, quote, the president should use every possible tool to propose and impose fiscal discipline on the federal government.

...

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