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    Home » Trump Tax Law to Add $3.4T to US Deficit Says CBO | Balance of Power: Late Edition 7/21/2025

    Trump Tax Law to Add $3.4T to US Deficit Says CBO | Balance of Power: Late Edition 7/21/2025

    webmasterBy webmasterJuly 21, 2025 News 3 Mins Read
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    "Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Jared Bernstein, Former Chair of the White House Council of Economic Advisers, discusses whether or not anyone in the Biden Administration had an issue with the Federal Reserve building renovation project before signing off on it. Erin Covey, Cook Political Report US House Editor, discusses Texas Republicans planning to redraw congressional maps in the hopes of gaining more seats in the House during the Midterms. Rep. Becca Balint (D-VT) and Rep. Lisa McClain (R-MI) share their opposing viewpoints on how the Trump Tax Law may or may not effect the US deficit.

    Chapters:
    00:00:00 – Balance of Power: Late Edition Begins
    00:02:42 – Akayla Gardner on CBO Says Trump Tax Law Will Add $3.4T to US Deficit, EU Racing to Secure US Trade Deal
    00:06:00 – Michael McKee on Rep. Luna Refers Powell to DOJ for Criminal Charges, Pressure on Powell
    00:08:36 – Jared Bernstein, Fmr. Chair of the White House Council of Economic Advisers, on Trump Pressuring Powell, Will Interest Rates Be Cut
    00:16:43 – Julie Fine on Pres. Trump Wants Redistricting in Texas
    00:18:12 – Erin Convey, US House Editor at the Cook Political Report, on Will Redrawing Texas Congressional Map Benefit or Harm Texas GOP
    00:24:20 – Bloomberg’s Power Brief: Top Stories Watching Tonight
    00:25:43 – Erik Wasson on Pres. Trump’s Tax Law Will Add $3.4T to US Deficits According to CBO
    00:28:15 – Rep. Rebecca Balint (D-VT) on Whether or Not Tax Law Will Add to Deficit, Rescissions Package, Is a Govt. Shutdown to Come
    00:36:35 – Rep. Lisa McClain (R-MI) on CBO Score of Trump Tax Law, Potential Additional Rescissions Package, Potential Fed. Reserve Investigation
    00:42:03 – Political Panel Reaction to CBO Scoring of Trump Tax Bill, How Voters Will Feel About Tax Bill, Potential Government Shutdown
    ——–
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