The following is the transcript of an interview with Sen. Bill Hagerty, Republican of Tennessee, on "Face the Nation with Margaret Brennan" that aired on Feb. 9, 2025. MARGARET BRENNAN: We go now to Tennessee Republican Senator Bill Hagerty, who joins us this morning from Palm Beach, Florida. Good morning to you, Senator. SEN. BILL HAGERTY: Good morning, Margaret, good to be with you.
Main Idea: Sen. Bill Hagerty backed President Donald Trump’s push to shrink the federal government, defend the Consumer Financial Protection Bureau overhaul, and press for changes at USAID.
Key Points:
Cuts to federal agencies like CFPB and USAID could reduce consumer protections and public services, while trade fights and budget fights may raise costs and uncertainty for households and small businesses.
Supporters say shrinking bloated agencies and reviewing spending could save taxpayer money and redirect funds to core programs.
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Repeatedly referenced as the driving political actor behind the administration actions Hagerty defends.
Major agency discussed as potentially being dismantled or consolidated.
Mentioned as part of the administration’s efficiency effort and in connection with a tweet about the Consumer Financial.
Mentioned in the context of congressional funding changes for the Consumer Financial Protection Bureau.
Interviewer and host who asks the questions, but the story is not about her.
Named Office of Management and Budget director whose conversations with Hagerty are cited on the Consumer Financial Protection.
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