"This is the beginning": Shark Tank's Kevin O'Leary shares his thoughts on balanced budget, a cut in spending, and more

Shark Tank's Kevin O'Leary appeared in an exclusive interview with Global News Today, published on May 23, 2025. He shared his views on various trending financial and other news, including President Trump's push for crypto regulation, the Stablecoin Act, the future of digital finance, and more.

During the interview, he also shared his thoughts on a balanced budget, a cut in spending, and more. Shark Tank mentor faced the question regarding the national debt of the U.S. and how it is expected to rise to $3.3 trillion over the next decade.

When the host, Tom Burges Watson, asked about the potential implications of the debt, Kevin O'Leary stated:

"That's going to be what everybody's going to be watching. This is really sausage being made. You're actually seeing this occur. Because you've got a debt ceiling issue. You've got a lot of members that are not interested in increasing the deficit."

He added:

"You've got people within the administration that want to see a balanced budget, a cut in spending...it's rockus to say the least. And so this is the beginning."

Shark Tank's Kevin O'Leary discussed national debt, possible implications, the landmark tax bill, and more

In his May 23, 2025, interview with Global News Today's Tom Burges Watson, Kevin O'Leary talked about many essential aspects of the current economic situation.

When the host, Tom Burges Watson, asked about President Trump's new landmark tax bill, and asked Kevin to share his thoughts, he said:

"Well, it's still over an increase to the deficit of $3 trillion. So, it's going to get a lot of push back in the next phase of negotiations because there's a lot of fiscal hawks in the US that don't approve of this bill conceptually because there's not enough cutting of spending."

He added that they were at the "beginning" of the process. O'Leary Ventures chairman also said that he didn't anticipate that it would become law until July-August.

Hence, there's a lot of time for negotiations. He mentioned the balanced budget and how things have been working out since the recent downgrade.

"So, it's not over yet, it's the beginning of something. But it's...I would say it's really only in the second inning," he added.

Further in their discussion, the host asked Kevin O'Leary about the implications of increased national debt. The Shark Tank mentor mentioned that there would be a debate.

"Debate. That's what's going to happen here. There's a fraction within the Republican party that is not on board for this increase. And how to satiate those individuals so that they get on board for the final passage of this into law sometime in July or August," he responded.

Kevin discussed the debt issue and the fact that many members are not interested in increasing the deficit. He stated that everyone wants to see a balanced budget and a cut in spending.

They also discussed clean energy tax credits, the President's plans for "drilling," and other topics.

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To get more financial trends and updates from Shark Tank's Kevin O'Leary, fans can follow him via Instagram (@kevinolearytv).

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