Squawk Pod Build, Back, Passed -- and Moxie, Salad and TikTok
The House of Representatives has passed the largest expansion of the social safety net in decades, a $1.75 trillion bill that funds universal pre-K, Medicare expansion, renewable energy credits, affordable housing, a year of expanded Child Tax Credits and major Obamacare subsidies. Now President Biden’s Build Back Better Act heads to the Senate. CNBC’s Ylan Mui reports on the Congressional Budget Office estimate that the legislation would add $367 billion to budget deficits over a decade. Veteran CEO Richard Parsons, senior advisor at Providence Equity Partners and former CEO of Time Warner, tells Joe Kernen, Becky Quick and Andrew Ross Sorkin that the President hasn’t been showing enough “leadership moxie.” Scott Cohn reports on the end of the 11-week trial against Theranos founder Elizabeth Holmes. Plus, Sweetgreen has a sweet debut and the kids - they love TikTok.
In this episode:
Ylan Mui, @ylanmui
Scott Cohn, @ScottCohnTV
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie
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