Latest news with #AllInPodcast
CNBC
7 days ago
- Business
- CNBC
Team Trump needs to "pump the brakes" on Crypto: Calacanis
The All In Podcast's Jason Calacanis suggests President Trump's moves in the crypto space are unpopular in his administration, and that the administration is risking undoing any positive moves it may make.
Yahoo
27-05-2025
- Business
- Yahoo
Trump Adviser Says the Quiet Part Out Loud on Medicaid Cuts
Oops! White House adviser David Sacks admitted over the weekend that the GOP's tax bill will include significant cuts to Medicaid, despite claims from his boss and other MAGA loyalists that it will not. Sacks, who is President Donald Trump's AI and crypto czar, said plainly on the All-In podcast: 'This bill cuts $880 billion from Medicaid over a decade.' That statement undercuts weeks of spin from the White House and House Speaker Mike Johnson. Each has repeatedly claimed that Trump's 'One Big Beautiful Bill' will not reduce funding to Medicaid, which provides free or low-cost health coverage to 85 million Americans. Despite objections from Democrats, the GOP bill passed Thursday with a narrow 215–214 vote. The admission from Sacks came as he defended Trump for not pushing for additional spending cuts in the bill, which the entrepreneur Jason Calacanis, the podcast's co-host, said he wanted to see done. Sacks said Trump did not have the House votes needed to push through for more cuts, but Calacanis countered that the president has never been shy about bullying his way into getting what he wants. Calacanis' co-host, Canadian-American venture capitalist Chamath Palihapitiya, was also puzzled that the bill's only cuts are to Medicaid. 'The level of financial illiteracy in this bill will come back to bite America in the a--,' he said. 'Period.' Sacks' comment was first reported by Rolling Stone, which noted that Johnson parroted his Medicaid line as recently as Sunday. He told CBS News then that Republicans 'have not cut Medicaid' and instead are merely 'working on fraud, waste, and abuse.' Trump spoke similarly when asked last week if working-class Americans, especially his supporters, would lose Medicaid benefits under the House GOP bill. He responded, 'They won't lose health insurance.' The GOP bill's cuts to Medicaid stem from a work requirement that is now attached to qualify for coverage—a change expected to strip health insurance from millions of Americans. The nonpartisan Congressional Budget Office estimates that 10 million people will lose their coverage by 2034 because of the proposed change. Specifically, the bill requires able-bodied adults younger than 65 to log at least 80 hours of work, schooling, or community service per month to be eligible for Medicaid. The requirement, which has exemptions for pregnant women, caregivers, and people with disabilities, was written to go into effect Dec. 31, 2026. The bill still has to pass the U.S. Senate, where it is likely to undergo changes. The bill does not have unanimous GOP backing. In addition to House Republicans who opposed it, Sen. Josh Hawley (R-MO) has denounced the Medicaid cuts and will be a Senate hurdle for the bill. Hawley, 45, has said the bill, as it is currently written, will harm 'working people and their children.' He wrote in a New York Times op-ed that voting in favor of Medicaid cuts is 'both morally wrong and politically suicidal.'
Bloomberg
20-05-2025
- Politics
- Bloomberg
Why Not Give a Green Card With Every Diploma?
As a presidential candidate, Donald Trump was so keen to retain foreigners who choose to study in the US that he made an unusual pledge: 'You graduate from a college, I think you should get automatically, as part of your diploma, a green card to be able to stay in this country,' he told the All-In podcast last June. 'And that includes junior colleges.' It was a surprising promise, not only because of Trump's long history of anti-immigration rhetoric and policy but also because, well, it made sense. Foreign students attend college in the US on temporary visas. Unless they can persuade an employer to hire them upon graduation, they typically have only a few months to leave the country.
Forbes
04-05-2025
- Business
- Forbes
Trump's Crypto Czar Issues Surprise Prediction As The Bitcoin Price Suddenly Soars
Bitcoin and crypto prices are awaiting the next catalyst after surging into May (though Apple might have just quietly created it). Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has surged almost 30% since falling to April lows and is nearing $100,000 per bitcoin as the market braces for a $10 trillion Wall Street earthquake. Now, as "major" U.S. dollar warnings are priming bitcoin for a 'geopolitical fragmentation megaforce" shock, U.S. president Donald Trump's crypto czar David Sacks has predicted a coming 'Trump boom.' Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run "We've ended the war on crypto, and I think we're trying to stop the regulatory capture that benefits large incumbents," Sacks, who worked with Tesla billionaire Elon Musk in the early days of PayPal and advised him on his takeover of Twitter and its rebranding to X, said during an episode of the All In Podcast. 'I do think that this sets us up for a Trump boom in the future," Sacks said, pointing to 'other things that that have been done on the economy as well," and predicted 'a lot of these changes take time to to play out.' Last week, the Federal Reserve quietly rolled back Biden-era rules that prevented Wall Street from fully embracing crypto, while the Trump administration is fast tracking stablecoin legislation that's expected to rewire the global financial system. The bitcoin and crypto market has lost steam since Trump's inauguration, with the bitcoin price dropped from its January all-time high of almost $110,000 per bitcoin, plummeting along with the stock market as the Trump administration embarked on a global trade war. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious However, the bitcoin price, which has somewhat supported the wider crypto market, has held up better than many had expected, helped by growing fears swirling around the future of the U.S. dollar and bitcoin's reputation as 'digital gold.' 'This renewed risk-on mood is setting the stage for bitcoin to make a run at $100,000,' Matt Mena, crypto research strategist at 21Shares, said in emailed comments. 'The $95,000 level had been a key resistance zone in recent weeks, and once bitcoin cleared it with strong volume, momentum accelerated quickly. With equities pushing higher and liquidity expectations rising, bitcoin is behaving like a high-beta macro asset–closely tied to investor appetite for risk and reflation trades.' Other bitcoin and crypto investors have cheered the latest bitcoin price rebound, emboldening them to double-down on their bullish bitcoin price predictions. 'I definitely would not be surprised [to see bitcoin reach] 'If the price gets going soon and breaks a new all-time high, I think things could get really crazy, [and] actually go parabolic... all the narratives are set, the macro conditions are great.'
