The following is the transcript of an interview with House Speaker Mike Johnson, Republican of Louisiana, that aired on "Face the Nation with Margaret Brennan" on May 25, 2025.

Speaker Mike Johnson rejected concerns that the "big, beautiful bill" will add to the federal deficit. He called deficit forecasts from the Congressional Budget Office "dramatically overstated." The sweeping package narrowly passed the House last week and now heads to the Senate.

Speaker Mike Johnson, who oversaw the passage of President Trump's "big, beautiful bill" in the House, insisted to "Face the Nation with Margaret Brennan" that projections that nearly 200,000 people in his home state of Louisiana will lose Medicaid under the bill are actually targeting "waste,