Trump's Budget Cuts Face Tough GOP Road in Congress

The transcript discusses Republican concerns over budget cuts to entitlement programs and agriculture, which could affect areas that supported Trump. Critics, including Stan Collender and Paul Krugman, view the budget as a political document rather than a genuine fiscal plan. The budget suggests potential deregulation, with increased defense spending and cuts to various agencies. Notably, cuts to the NIH could impact Big Pharma, as these companies rely on NIH for trial support. While the budget is unlikely to pass Congress, it signals the White House's priorities.

What entitlement programs are Republicans concerned about in the budget?

How does the speaker describe the nature of the budget presented by the Trump administration?

What political signal does the speaker suggest is being sent by the proposed budget cuts?

What impact could cuts to NIH have on Big Pharma according to the speaker?

What does the speaker imply about the likelihood of the budget passing in Congress?