Trump’s Budget Advances & Rep. Ro Khanna 2/26/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 26 February 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Republican-controlled U.S. House of Representatives narrowly passed a multi-trillion-dollar budget plan late Tuesday, advancing President Donald Trump’s tax-cut and border security agenda. CNBC’s Emily Wilkins joins to outline the details of the bill. Then Rep. Ro Khanna discusses the budget’s passage, its impact on Democrats, who benefits from the Trump tax cuts, and his thoughts on proposed spending cuts. And Cava co-founder and CEO Brett Schulman weighs in on the company’s quarterly earnings, 2025 outlook, and the potential impact of tariffs. Plus, Trump floats a $5 million “gold card” visa as a new path to citizenship, the U.S. and Ukraine outline a deal to fund Ukraine’s future security and reconstruction through an investment fund backed by the country’s rare earth minerals, and McDonald’s pushes back against a proposed surcharge on egg-based meals. Emily Wilkins - 20:52 Rep. Ro Khanna - 24:11 Brett Schulman - 35:51 Emily Wilkins, @emrwilkins Rep. Ro Khanna, @rokhanna Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on SquawkPod.
0:09.6	House Republicans pass a big, beautiful budget blueprint by an inch.
0:14.8	Set to make good on President Trump's tax border and spending cut agenda,
0:19.6	Democratic Congressman Roeokana joins us.
0:22.2	It's not being done in a way that is rational.
0:25.2	It's just cut, cut, cut, cut, cut, cut.
0:27.8	Kava, the fast casual Mediterranean eatery stumbles on earnings and inflation concerns,
0:33.4	but CEO Brett Schulman says the chain is still on a growth path.
0:39.7	We're focused on the next decade, not the next quarter.
0:48.2	Plus, Trump branded visas for foreigners and Ukraine giving the U.S. access to rare earth minerals.
0:53.2	You've got to live in a real world where Russia's not going away, and Ukraine is not going to win this war.
0:57.3	All that today on the podcast and much more.
0:59.0	You got some egg.
0:59.6	Excellent.
1:01.1	On your face. No.
1:03.9	It's Wednesday, February 26.
1:06.9	And squawk begins right now.
1:10.3	Stand Becky by in three, two, one.
1:11.6	Cuea please. Good morning, everybody.
1:13.6	Welcome to Squawk Box right here on CNBC, live from the NASDAQ market site in Times Square.
	...

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