The Megyn Kelly Show
Schumer Caves in Budget Battle, Putin Playing Hardball, Michelle Obama Podcast Flop: AM Update 3/14
Fri, 14 Mar 2025
AM Update for 3/14: Chuck Schumer caves on the budget battle, flipping his stance to avoid a government shutdown at the last minute. President Trump escalates the tariff war after the EU slaps a 50% tax on American whiskey. Vladimir Putin signals cautious openness to a ceasefire deal but insists on speaking with Trump first. Governor Kathy Hochul meets with Trump at the White House as he pressures her to reverse New York’s Green New Deal policies. And Michelle Obama’s new podcast launch does little to quiet the growing divorce rumors.Done with Debt: https://www.DoneWithDebt.com/We Heart Nutrition: Go to https://WeHeartNutrition.com/MEGYN for 20% off
Chapter 1: What are the key political updates for March 14th, 2025?
Good morning, everyone. I'm Megyn Kelly. It's Friday, March 14th, 2025, and this is your AM Update.
Allowing Donald Trump to take even much more power via a government shutdown is a far worse option.
Chapter 2: Why did Chuck Schumer change his stance on the budget bill?
Senate Minority Leader Chuck Schumer caving in the budget battle, announcing he will vote to allow the government funding bill to go forward, averting a shutdown.
Our position is based on the assumption that the ceasefire would lead to a long-term peace.
Chapter 3: What are Vladimir Putin's conditions for a ceasefire?
Russian President Vladimir Putin signaled tentative acceptance of a ceasefire deal, but says he has some concerns he would like to speak to President Trump about. President Trump inviting New York Governor Kathy Hochul to the White House, trying to pressure her into reversing New York's Green New Deal fanaticism. And Michelle Obama's podcast debut does little to squash swirling divorce rumors.
All that and more coming up in just a moment on your AM Update. Four years of crushing interest rates, runaway inflation, and reckless government spending, and who is paying the price? You are. You might have bills stacking up. You might have debt collectors on your back. You might barely be able to keep food on the table, and that's stressful. Done with debt can be a way out.
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That's donewithdebt.com. Senate Minority Leader Chuck Schumer caving on the budget battle, a complete reversal from his position just hours earlier, announcing on the Senate floor Thursday night he will not let the government shut down.
While the CR bill is very bad, the potential for a shutdown has consequences for America that are much, much worse. For sure, the Republican bill is a terrible option. But I believe allowing Donald Trump to take even much more power via a government shutdown is a far worse option.
Despite Senator Schumer's early assertions of unity, the Democrat Party remaining deeply divided on their spending bill strategy, some fearing a shutdown would be worse politically than passing the Republican CR. Punchbowl News reporting New York Senator Kirsten Gillibrand could be heard yelling loudly through the doors of the Senate Dems' lunch, arguing against shuttering the government.
Eight Democrats are needed to advance the bill in a procedural vote. They will not be required to vote on the actual bill itself, which only requires a simple majority, which the Republicans have. With Senator Schumer's support of the procedural move, the bill is likely to pass later today, just in the nick of time. The European Union announcing a 50% tariff on select U.S.
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Chapter 4: How is President Trump responding to the EU's tariffs on American goods?
Chapter 5: What strategies are being suggested to handle personal debt?
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That's donewithdebt.com. Senate Minority Leader Chuck Schumer caving on the budget battle, a complete reversal from his position just hours earlier, announcing on the Senate floor Thursday night he will not let the government shut down.
While the CR bill is very bad, the potential for a shutdown has consequences for America that are much, much worse. For sure, the Republican bill is a terrible option. But I believe allowing Donald Trump to take even much more power via a government shutdown is a far worse option.
Despite Senator Schumer's early assertions of unity, the Democrat Party remaining deeply divided on their spending bill strategy, some fearing a shutdown would be worse politically than passing the Republican CR. Punchbowl News reporting New York Senator Kirsten Gillibrand could be heard yelling loudly through the doors of the Senate Dems' lunch, arguing against shuttering the government.
Eight Democrats are needed to advance the bill in a procedural vote. They will not be required to vote on the actual bill itself, which only requires a simple majority, which the Republicans have. With Senator Schumer's support of the procedural move, the bill is likely to pass later today, just in the nick of time. The European Union announcing a 50% tariff on select U.S.
imports, namely whiskey, in direct response to Wednesday's U.S. tariffs on aluminum and steel. President Trump immediately responding on Truth Social, writing, quote, If this tariff is not removed immediately, the U.S. will shortly place a 200% tariff on all wines, champagnes, and alcoholic products coming out of France and other EU-represented countries.
Commerce Secretary Howard Lutnick on Bloomberg said, admonishing the European Union and Canada for not appreciating the gravity of the president's tariff strategy.
We need to have steel and aluminum domestically in America. In national security, you need metals to make bullets. You need metals to make munitions. You need metals to make everything. And Donald Trump is very focused on, let's make sure the key ingredients that are necessary to defend America are made here in America.
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Chapter 6: How is the tariff war affecting the U.S. economy?
trade policy on Truth Social, writing, quote, The U.S. doesn't have free trade. We have stupid trade. The entire world is ripping us off. Markets still spooked by the uncertainty of the tariff wars. The Wall Street Journal reporting the S&P 500 losing about $5.3 trillion from its mid-February peak, the Nasdaq down 14% from its December high, and the Dow dropping 9% from its record level.
Treasury Secretary Scott Besson on CNBC reassuring investors.
I'm not concerned about a little bit of volatility over three weeks, because if you look over the long term, the reason stocks are a safe and great investment is because you're looking over the long term. I can't tell you that the market is going to go up today, tomorrow, next week.
But I can tell you that if we put proper policies in place, it's going to lay the groundwork for both real income gains and job gains and continued asset gains.
Chapter 7: What are the economic implications of U.S. steel and aluminum production decline?
Secretary Besant saying markets will stabilize if Congress can work together to pass tax cuts for individuals and businesses. Russian President Vladimir Putin expressing at a Thursday news conference some reservations about the ceasefire proposal agreed to by the Ukrainians.
Mr. Putin saying the Russians agree with the ceasefire in theory, but they have additional concerns, and he would like to speak to President Trump before agreeing to anything.
Because we agree with the proposals for the ceasefire, but our position is based on the assumption that the ceasefire would lead to a long-term peace, something that would remove the initial reasons for the crisis.
Mr. Putin initially justified his invasion based on a number of reasons. The first on the list, Ukraine's push to join NATO. Mr. Trump as recently as Thursday reiterating that will not happen. Mr. Putin also claimed the invasion was intended to denazify Ukraine. The president of Ukraine, Volodymyr Zelensky, is Jewish.
Prior to the war, Ukraine was home to one of the largest Jewish populations in Europe. Mr. Putin also asserted without evidence the Ukrainian government was preparing a military offensive against Russian-backed separatists in the Donbass region. This region borders Russia, and it's home to primarily Russian speakers.
The Russian military currently occupies about 20% of Ukraine, including the Donbass region, its fate subject to further peace negotiations. Despite media reporting suggesting Mr. Putin's statement is an indication he will refuse this deal, President Trump responding with cautious optimism from the Oval.
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Chapter 8: How might U.S.-Russia relations affect the ceasefire proposal?
I hope Russia is going to make the deal, too. If President Putin agrees and does a ceasefire, I think we're going to be in very good shape to get it done. We want to get it over with. That's why it was very important what I instructed everybody, including Steve, what we're looking for, to discuss concepts of land, concepts of power plants, because it's complicated.
The power plant in question, Zaporizhzhia Nuclear Power Plant, is the largest in Europe. It's been under Russian control since 2022 and is not currently operational. In peacetime, the plant provides about 20% of Ukrainian energy. It is a key bargaining chip in Russian possession.
On CNBC, Treasury Secretary Scott Besson warning the president is prepared to fully ratchet up pressure on the Russians in order to get a deal done.
If we just take kind of a scale zero to 10, that I think the Biden administration sanctions on Russia were probably a three. On the way out the door, they took them to a six. And I can tell you, we wouldn't hesitate to take them up to 10.
Special Envoy Steve Witkoff is in Moscow. Long days of intense negotiations on all sides to come. Coming up, President Trump invites New York Governor Kathy Hochul to the White House, pressuring her into reversing New York's Green New Deal fanaticism. And Michelle Obama's podcast does little to squelch divorce rumors. So many people these days are focusing on getting healthy.
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New York Governor Kathy Hochul meeting President Trump at the White House this morning to discuss a pipeline project hinging on New York's approval. The Constitution Pipeline, previously killed by New York in 2020, would run 124 miles bringing gas from Pennsylvania to New York, where it could then be moved across New England.
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