Will Trump's big beautiful bill bankrupt America?
The News Agents - USA
Global
4.3 • 719 Ratings
🗓️ 2 July 2025
⏱️ 41 minutes
🧾️ Download transcript
Summary
Trump squeaked his spending bill through the Senate last night with the casting vote of his VP. Three Senators voted against it. Many more had threatened to vote against it but were either won round or scared into it.
Elon Musk says it will bankrupt America and wants to take the political fight to any vulnerable Senator who disagrees. Would he really start his own political party?
And who would Republicans fear more if so - Trump or Musk?
Later, would Trump have gone to jail if he hadn’t won the presidency? We speak to the lawyer at the side of special counsel Jack Smith today, Alex Whiting.
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. |
| 0:09.8 | This is a global player original podcast. |
| 0:13.5 | On this vote, the yeas are 50, the nays are 50. |
| 0:17.5 | The Senate being evenly divided, the vice president votes in the affirmative. The bill as amended |
| 0:22.7 | is passed. That is J.D. Vance, breaking the 50-50 tie in the Senate to approve President Trump's |
| 0:30.3 | flagship big, so-called, beautiful, so-called bill. But there are opponents still in the House of Representatives, and there is one |
| 0:40.8 | opponent in particular, in California, one Elon Musk, who thinks that the bill is a disaster. |
| 0:48.9 | Who is going to win in this arm wrestle? Donald Trump or Elon Musk. Welcome to the Newsagents USA. |
| 1:02.6 | It's John. It's Emily. And if you've listened to the mood music in the last few days from the president, |
| 1:08.5 | you will have realised that he wasn't entirely confident |
| 1:12.8 | this bill was going to get passed. It was very, very close on its first reading in the House |
| 1:18.2 | of Representatives. He wants it all done and dusted by Friday and last night was a real |
| 1:24.1 | legislative test. There were people who were adamant that they would not vote for it. |
| 1:30.2 | One of them, Tom Tillis, was so sure he could not vote for this bill that he decided he would |
| 1:36.3 | resign next year rather than try and fight his Senate seat again. And that is because it's incredibly |
| 1:42.8 | controversial. It adds three trillion dollars to the |
| 1:45.6 | national debt and it takes money away from some of America's poorest and gives to the richest. |
| 1:51.2 | So if you just go through the numbers on this particular piece of legislation, it takes health |
| 1:56.1 | care away from 17 million Americans, takes food assistance away from 3 million, eliminates school |
| 2:02.2 | meal access for more than 18 million children, adds nearly 4 trillion, as you've just said |
| 2:06.9 | to the national debt, sends electricity costs surging and substantially raises healthcare |
| 2:12.2 | costs for older adults who've got Obamacare, the Affordable Care Act coverage, and all of this to fund tax |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Global, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Global and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.