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Velshi

Trump’s Economy, Republican Infighting, and What Comes Next

Velshi

MSNBC

Msnbc, Politics, Weekend News, Ali Velshi, Government, News, News Commentary

4.8687 Ratings

🗓️ 17 May 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

What comes next in the budget battle now that members of President Trump’s own party blocked his ‘Big Beautiful Bill’; why the damage of Trump’s chaotic tariff rollout can’t be undone; and Stacey Abrams discusses being targeted by Trump, being investigated by Republicans, and a new potential run for governor of Georgia.

Transcript

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0:00.0

All right, it is Saturday, May 17th. We begin this hour with the latest setback for Donald Trump's sweeping second-term agenda.

0:14.3

Yesterday, the Republican-dominated House Budget Committee voted against sending the president's one big big beautiful bill to the floor for a full

0:23.7

congressional vote. By the way, the one big beautiful bill act isn't just Trump hyperbole. It's the

0:31.2

actual official name of the multi-trillion dollar reconciliation package that Republicans are trying

0:36.3

to pass in order to fund the

0:37.5

president's agenda.

0:38.6

And its momentary defeat came at the hands of members of Donald Trump's own party.

0:43.2

Ahead of the Budget Committee's meeting, President Trump took to social media to urge

0:47.2

Republicans to unite behind the bill, a sign that there was still some trouble ahead.

0:51.8

He wrote, quote, we don't need grandstanders in the Republican

0:54.9

Party. Stop talking and get it done. But that was not enough to sway a handful of holdouts for

1:01.0

Republican Congressman Chip Roy, Ralph Norman, Josh Breachan, and Andrew Clyde still voted no on

1:06.8

advancing the bill. A fifth Republican, Lloyd Smucker, supports the bill, but voted no for

1:12.4

procedural reasons in order to bring the bill back up for consideration at a later date.

1:17.5

But the four holdouts who tanked the version of the bill are deficit hawks. They're part of a

1:21.7

group of lawmakers in the House who are pushing the conference to make yet steeper spending cuts

1:26.0

to reduce the deficit and to extend

1:28.1

Trump's tax cuts, which by the way are kind of possibly mutually exclusive. But some other

1:33.4

members of the Republican conference are reluctant to go that far. Those spending cuts could come at

1:38.1

the expense of Medicaid recipients who could see major changes much sooner than initially planned.

1:43.3

The Budget Committee says it will reconvene to take up the bill tomorrow night.

1:47.2

The funding fight in Congress comes at a time when the outlook for America's economy remains uncertain.

...

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