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The News Agents - USA

Trump's Big, Beautiful, Disgusting Abomination (Bill)

The News Agents - USA

Global

Politics, Government, News

4.3719 Ratings

🗓️ 4 June 2025

⏱️ 39 minutes

🧾️ Download transcript

Summary

For months, Donald Trump has been heralding his "Big, Beautiful" spending bill - a key piece of his agenda, containing tax cuts for the rich and benefits cuts for the vulnerable. It will also add trillions to America's debt - to the point that some are now sounding the alarm, warning of a "debt bomb" about to hit the US economy. What the White House didn't bet on was that one of those leading critics would be Elon Musk - who's turned fire on his former boss in spectacular fashion, calling the legislation a "disgusting abomination" and ominously warning Senators that voters will fire those politicians who "betray America". Will his words spook Republicans into defying Donald Trump? And how will the President react to Musk's missives?

Later, we speak to Evan Osnos, New Yorker writer and author of new book 'The Haves and Have-Yachts: Dispatches on the Ultrarich". It's a firsthand insight into the lives of America's new oligarchy now running America - what does it tell us about the forces driving voters and how can the Democrats respond?

The News Agents USA is brought to you by HSBC UK - https://www.hsbc.co.uk/

Transcript

Click on a timestamp to play from that location

0:00.0

The Newsagents USA podcast is brought to you by HSBC UK, opening up a world of opportunity.

0:09.3

This is a global player original podcast.

0:12.7

How mad do you think President Trump is going to be when he finds out that Elon Musk said,

0:16.9

I'm sorry, but I just can't stand it anymore.

0:18.9

This massive outrageous, port-filled congressional spending bill is a disgusting abomination.

0:23.6

Shame on those who voted for it. You know you did wrong. You know it.

0:27.6

Look, the president already knows where Elon Musk stood on this bill. It doesn't change the president's opinion.

0:32.6

This is one big, beautiful bill, and he's sticking to it.

0:35.6

That is Caroline Levitt, the president's spokesperson, utterly dismissing the criticism, the scathing

0:42.7

criticism, the excoriating criticism that has come from Elon Musk over the BBB, the big, beautiful

0:50.4

bill that Donald Trump wants to introduce that will cut taxes, but add massively to

0:56.3

the federal deficit of the United States. Yes, Trump's calling it a big and beautiful bill. That's

1:02.1

its real name. Elon Musk is calling it a disgusting abomination. Does he still have the political

1:08.6

clout to derail it? Welcome to the Newsagents USA.

1:18.9

It's John. It's Emily. And let's just take you back to where this all began with Trump's big beautiful bill, which he just passed through the House of Representatives

1:28.2

last month that still needs to be approved by the Senate if it's to become law. And in this

1:34.2

big beautiful bill, which will add an estimated $4 trillion to the US national debt, small change,

1:41.6

which will cut Medicaid for those at the bottom of America's ladder.

1:47.0

We'll cut social security payments as well, but will deliver huge tax cuts for the ultra-rich.

1:54.7

And Trump has imposed a deadline of July the 4th to pass this legislation. It may very well define his second term. It may very well

2:02.4

set the course for the US economy. And he's heaped pressure on Republican senators, essentially,

2:07.9

who are already starting to be nervous at what this package is going to do, particularly to the

...

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