CSPAN - President Trump Visits the Federal Reserve Aired: 2025-07-24 Duration: 05:49 === Secure The Border First (05:32) === [00:00:00] were needed. [00:00:01] That was clearly not the case. [00:00:04] And that has always been from both parties step one, secure the border before we can talk about fill-in-the-blank, guest workers, reforming legal immigration, etc. [00:00:19] Step two are their efforts to expand deportation of the really unknown number of illegal aliens in the United States. [00:00:30] estimates range everywhere from 10 to 30 million, and they have been very aggressive about that. [00:00:37] We're going to leave this here and take you live to the Federal Reserve Building here in Washington, D.C., where President Trump is taking a tour of their facilities this afternoon. [00:00:46] Live coverage on C-SPAN. [00:01:01] Well, thank you very much. [00:01:02] We're looking at the construction, and we're with the chairman, as you know. [00:01:07] Chairman, come on over. [00:01:09] And we're just taking a look at what's happening. [00:01:11] You know, it's a tough construction job, building basements where they didn't exist or expanding them, and a lot of very expensive work. [00:01:19] There's no question about it. [00:01:22] And Tim has been with me for a long time, and you're in charge of the committee. [00:01:26] Indeed, one of the reasons I wanted to see it was the overruns of the expenses. [00:01:30] Wanted to figure out why. [00:01:33] Yeah. [00:01:34] So we're taking a look, and it looks like it's about 3.1 billion. [00:01:38] It went up a little bit, or a lot. [00:01:41] So the 2.7 is now 3.1. [00:01:44] I'm not aware of that. [00:01:45] Yeah, it just came out. [00:01:47] Yeah, I haven't heard that from anybody at the Fed. [00:01:51] Yeah, it just came out. [00:01:55] Armot said it about 3.1 as well. [00:01:58] 3.1? [00:01:58] 3.1, 3.2. [00:01:59] This came from us? [00:02:01] Yes. [00:02:02] I don't know who does that. [00:02:06] You're including the Martin renovation. [00:02:09] You just added in a third building, is what that is. [00:02:11] That's a third building. [00:02:13] It's a building that's being built. [00:02:15] No, it was built five years ago. [00:02:17] We finished Martin five years ago. [00:02:19] It's part of the overall work. [00:02:23] So we're going to take a look. [00:02:25] We're going to see what's happening. [00:02:27] And it's got a long way. [00:02:29] Do you expect any more additional cost overloads? [00:02:32] Don't expect them. [00:02:34] We're ready for them. [00:02:35] But we have a little bit of a reserve that we may use. [00:02:38] But no, we don't. [00:02:39] Expect to be finished in 2027. [00:02:42] We're well along, as you can see. [00:02:45] Nice to take these off every once in a while when we're not under too much danger. [00:02:50] So any questions? [00:02:52] Mr. President, as a real estate developer, as a real estate developer, what would you do with a project manager who would be over budget? [00:03:01] Generally speaking, what would I do? [00:03:03] I'd fire him. [00:03:04] Do you think this issue, Mr. President, usually co wants to do that? [00:03:07] Well, I'm here just really with the chairman. [00:03:10] He's showing us around, showing us the work. [00:03:12] And so I don't want to get that. [00:03:13] I don't want to be personal. [00:03:14] I just would like to see it get finished. [00:03:18] And in many ways, it's too bad it started. [00:03:20] But it did start. [00:03:21] And it's been under construction for a long time. [00:03:27] It's going to be a real long time because it looks like it's got a long way to go. [00:03:30] Yes, sir. [00:03:31] Mr. President, are there things the chairman can say to you today that would make you back off some of the earlier criticism? [00:03:38] Well, I'd love him to lower interest rates. [00:03:41] Other than that, what can I tell you? [00:03:43] The country is doing really well. [00:03:44] I just briefed the chairman on the deal we've made with Japan. [00:03:47] Japan is putting up $550 billion in order to lower their tariffs a little bit. [00:03:52] That way they have a little bit lower tariff. [00:03:54] And they also opened their country to free trade, which nobody thought was even a possibility. [00:04:01] And we get a zero tariff in the free trade. [00:04:05] We don't pay tariffs. [00:04:06] And they're going to pay 15% on everything they send into our country. [00:04:10] So it's great. [00:04:11] But they put up as you could call it seed money. [00:04:15] Let's call it seed money. [00:04:16] You could call it anything you want. [00:04:18] But it's a total of $550 billion. [00:04:22] So nobody thought any of that was possible. [00:04:25] And it's wonderful. [00:04:26] And we're doing pretty well with the European Union, likewise. [00:04:30] And we have some others. [00:04:31] They're all really big. [00:04:32] And our country is going to make a lot of money. [00:04:34] We would be helped if interest rates would come down, but we're going to see how the board rules on that soon. [00:04:40] I'd love to see them come down a lot. [00:04:42] But we have a country that's thriving. [00:04:45] We had a dead country one year ago. [00:04:47] Today we have the hottest country anywhere in the world. [00:04:50] And we'll get this one finished. [00:04:51] Mr. President, do you think it's your own house on that school? [00:05:17] Saturday is on C-SPAN 2, exploring the people and events that tell the American story. === 8 AM Eastern: Tensions Rise (00:31) === [00:05:22] This weekend, as the nation prepares to celebrate its semi-quincentennial, American History TV begins a year-long series, America 250, on the American Revolution and its impact on the country. [00:05:33] At 8 a.m. Eastern on Lectures in History, Ithaca College professor Michael Trotty on the escalating tensions between colonists and the British government before the American Revolution. [00:05:43] Then at 11 a.m. Eastern, we'll visit Fort Ticonderoga in upstate New York for a Revolutionary War reenactment.