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‘Vote-a-rama' drama as these 5 in GOP threaten McCain-like ‘thumbs-down' moment on Trump's ‘Big Beautiful' bill

‘Vote-a-rama' drama as these 5 in GOP threaten McCain-like ‘thumbs-down' moment on Trump's ‘Big Beautiful' bill

Independent2 days ago
The beginning of the Senate's marathon 'vote-a-rama' session is underway as the upper chamber debates final passage of the so-called 'one big, beautiful bill' addressing several of Donald Trump's legislative priorities.
It was still unclear by Monday morning whether the vote would pass.
Republicans have only 53 seats in the Senate, which is not enough to overcome a filibuster by the Democrats. As a result, they plan to use a process called budget reconciliation. This would allow them to pass the legislation with a simple 51-vote majority as long as the bill relates to the federal budget. Vice President JD Vance can cast a tie-breaking vote.
A massive piece of legislation increasingly representing the norm on Capitol Hill, the 'big, beautiful bill' is more than a simple budgetary package. It includes an extension of the 2017 Republican tax cuts, a costly proposition, as well as a surge in funding for Trump's mass deportation efforts. The legislation would fund the hiring of nearly 20,000 new immigration agents, including 10,000 new ICE personnel alone.
Republicans found funding for those measures through cuts to Medicaid and food stamps (SNAP). The imposition of work requirements in the bill is estimated by the nonpartisan Congressional Budget Office (CBO) to result in millions losing Medicaid coverage over the next decade if passed, and changes to the legislation in the Senate would also effectively end the expansion of Medicaid in states that chose to do so after passage of the Affordable Care Act — resulting in millions more losing coverage.
Democrats are hoping to pick up four Republican defections in an effort to defeat the bill.
The 'vote-a-rama' process allows for both parties to introduce amendments to the legislation, and it's possible that the bill could change significantly before the final vote — which was set for late in the afternoon.
And the continued debate over the budget reconciliation package — officially the 'One Big, Beautiful Bill Act' — leaves open a very real possibility for one or more Republican senators to have their own 'John McCain moment' later in the day.
In 2017, the late Sen. John McCain, who at the time had an aggressive form of brain cancer, ping-ponged back and forth between Democrats and Republicans as both competed for his vote before he famously went to the Senate well and delivered his literal thumbs down to kill Trump and conggressional Republicans' attempt to repeal the Affordable Care Act, better known as Obamacare.
His deciding vote shocked members of both parties, and firmly ended any political momentum for ACA repeal efforts through the rest of Trump's first term — a fact Trump never forgave of the late McCain. Even with twin majorities in Congress once again, Republicans have not yet floated a similar plan for ACA repeal.
As of Monday morning, meanwhile, two Republican senators looked to be hard "no" votes: Sens. Rand Paul and Thom Tillis.
Paul, the Senate's leading libertarian, is demanding steeper spending cuts in the budget package, while Tillis opposes the extent of cuts to Medicaid, including the rollback of the program's expansion. Tillis's home state of North Carolina began the expansion of Medicaid coverage in the state under the ACA's provisions in late 2023.
President Trump threatened Tillis plitically over the announcement that he would oppose the legislation in a Truth Social post. The senior North Carolina Republican then announced that he would not seek re-election next year.
Tillis, in turn, fired back in a tweet urging Trump not to endorse Mark Robinson, the state's scandal-plagued former lieutenant governor, for his seat upon his retirement. Robinson, Tillis said, would lose his election by 20 points.
Three other Republicans are thought to be on the fence. Sens. Susan Collins of Maine and Lisa Murkowski of Alaska are both publicly critical of calls for cuts to Medicaid; neither have announced how they will vote on final passage. Sen. Ron Johnson of Wisconsin is the last outlier, having expressed his own reservations about insufficient deficit reduction efforts though he seemed to get on the same page with GOP leadership Sunday evening.
With Vance set to break a tie, Collins and Murkowski are the likeliest candidates to block the bill — though they'd have to vote as a bloc to do so. To be successful, their votes would also require Paul and Tillis to remain in opposition, though Tillis at least seems immovable.
If Monday's vote succeeds, Republicans will still have to put the legislation through the House of Representatives one final time for passage. Several members of the lower chamber, where Republicans hold an equally thin majority, have already expressed reservations about changes made to the legislation in the Senate.
The scope of the legislation and disagreements within the disparate factions of the House Republican caucus have already caused their share of drama in the weeks and months leading up to Monday's vote-a-rama in the Senate.
The House narrowly passed the legislation after arguments between Speaker Mike Johnson and members of his caucus over raising the cap on deductions for state and local taxes (SALT), as well as the bill's Medicaid provisions. A major rift also erupted between the president and Elon Musk, formerly one of his chief advisers, over projections that the bill would add nearly $4trn to the national debt over a decade.
Musk, who spun out publicly and made accusations about Trump's involvement with the sex criminal Jeffrey Epstein before deleting them, criticized the legislation again on Saturday as voting neared.
'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!' he wrote. 'Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.'
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A day outside an LA detention center shows profound impact of ICE raids on families
A day outside an LA detention center shows profound impact of ICE raids on families

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  • The Independent

A day outside an LA detention center shows profound impact of ICE raids on families

At a federal immigration building in downtown Los Angeles guarded by U.S. Marines, daughters, sons, aunts, nieces and others make their way to an underground garage and line up at a door with a buzzer at the end of a dirty, dark stairwell. It's here where families, some with lawyers, come to find their loved ones after they've been arrested by federal immigration agents. For immigrants without legal status who are detained in this part of Southern California, their first stop is the Immigration and Customs Enforcement processing center in the basement of the federal building. Officers verify their identity and obtain their biometrics before transferring them to detention facilities. Upstairs, immigrants line up around the block for other services, including for green cards and asylum applications. On a recent day, dozens of people arrived with medication, clothing and hope of seeing their loved one, if only briefly. After hours of waiting, many were turned away with no news, not even confirmation that their relative was inside. Some relayed reports of horrific conditions inside, including inmates who are so thirsty that they have been drinking from the toilets. ICE did not respond to emailed requests for comment. Just two weeks ago, protesters marched around the federal complex following aggressive raids in Los Angeles that began June 6 and have not stopped. Scrawled expletives about President Donald Trump still mark the complex's walls. Those arrested are from a variety of countries, including Mexico, Guatemala, India, Iran, China and Laos. About a third of the county's 10 million residents are foreign-born. Many families learned about the arrests from videos circulating on social media showing masked officers in parking lots at Home Depots, at car washes and in front of taco stands. 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Asian stocks waver, dollar frail as Trump's tariffs, US rate path weighs
Asian stocks waver, dollar frail as Trump's tariffs, US rate path weighs

Reuters

time29 minutes ago

  • Reuters

Asian stocks waver, dollar frail as Trump's tariffs, US rate path weighs

SINGAPORE, July 2 (Reuters) - Asian stocks slipped on Wednesday and the dollar languished near 3-1/2-year lows as investors weighed the prospect of U.S. interest rate cuts and the scramble for trade deals ahead of President Donald Trump's July 9 deadline for tariffs. Trump said he was not considering extending the July 9 deadline for countries to negotiate trade deals with the United States, and cast doubts again that an agreement could be reached with Japan, although he expects a deal with India. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab eased 0.23% in early trading, inching away from the November 2021 top it touched last week. Japan's Nikkei (.N225), opens new tab fell 0.78%, dragged by tech stocks. Tech-heavy Taiwan stocks (.TWII), opens new tab and South Korea's Kospi Index (.KS11), opens new tab also fell after U.S. tech firms were hit hard following a strong rally in June. Data on Tuesday showed the U.S labour market remained resilient with a rise in job openings for May, sharpening the focus on the payrolls report due on Thursday as investors try to gauge when the Federal Reserve is likely to cut rates next. Fed Chair Jerome Powell, under fire from Trump to cut rates immediately, reiterated that the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates. Traders are pricing in 64 basis points of cuts this year from the Fed with the odds of a move in July at 21%. That maintained a bearish bias on the dollar. The euro last bought $1.1793, just below the three-and-half-year high it touched on Tuesday. The yen was steady at 143.52 per dollar. "Any disappointing economic data can prompt further dovish repricing of FOMC rate cuts and another round of USD selling," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "The 'One Big Beautiful Bill' Act (OBBBA) and trade developments also have the potential to further weaken the USD if they undermine investor confidence about the U.S. economy." Investor focus over the last few days has pivoted to the progress of Trump's massive tax-and-spending bill, which is expected to add $3.3 trillion to the national debt. The legislation heads to the House of Representatives for possible final approval after U.S. Senate Republicans passed it by the narrowest of margins. The bill has stoked fiscal worries but the reaction was relatively muted after it passed the Senate. The benchmark U.S. 10-year yields were steady at 4.245% having touched a two-month low in the previous session. Aninda Mitra, head of Asia macro strategy at BNY Investment Institute, said the legislation "hard wires" a steady deterioration of the fiscal position and the debt trajectory of the U.S. government. "The near-term impact is mostly in the price, but the uncertainty factor could keep term premia elevated. We don't think long-term yields will fall back materially in the 6-12 month horizon." The fiscal worries, trade uncertainties and the U.S. rate path trajectory have all led investors to flee U.S. assets and look for alternatives. Investors worry that Trump's chaotic trade policies could hit U.S. economic growth. That has left the dollar unloved, with the greenback down over 10% for the year in its worst first half performance since the 1970s. The dollar index , which measures the U.S. currency against six rivals, was at 96.649, near its lowest since March 2022. In commodities, spot gold eased to $3,332.19 per ounce, after surging 1% in the previous session. The yellow metal is up 27% this year on safe-haven flows.

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Federal judge blocks Trump administration from ending temporary legal status for many Haitians

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