Bloomberg Television
@markets·3.2M subscribers·95.6K videos
Summers: 'This is The Biggest Cutback in the US Social Safety Net in History'
Posted
July 27, 2025
Views
7,807
Likes
154
Comments
45
Engagement
July 27, 2025
7,807
154
45
2.55%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Episode Timeline
Every episode in order around the one you’re watching — click any card and the page flips straight to it.
9:17Now PlayingPresident Donald Trump’s “One Big Beautiful Bill” delivers sweeping tax cuts while slashing Medicaid and the social safety net - changes that Former US Treasury Secretary Larry Summers warns could lead to tens of thousands of premature deaths and widespread hospital closures. Critics argue the bill redistributes wealth from the most vulnerable to the most affluent, burdening the middle class with hidden long-term costs.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance
Visit for business news & analysis, uptotheminute market data, features, profiles and more.
Connect with Bloomberg Television on:
Connect with Bloomberg Business on:
More from Bloomberg:
Bloomberg Radio
Bloomberg Surveillance
Bloomberg Politics
Bloomberg Originals
Watch more on YouTube:
Bloomberg Technology
Bloomberg Originals
Bloomberg Quicktake
Bloomberg Espanol
Bloomberg Podcasts
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
