Republicans Agree to Mask $3.8 Trillion of Trump Tax Bill Costs
GOP senators voted Monday in favor of the plan to count the extension of Trump's 2017 tax cuts as costing nothing, over objections from Democrats and despite concerns raised by economists about the US debt trajectory.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
30 minutes ago
- CNN
Senate GOP races to vote on Trump's agenda bill as Thune confirms deal with holdouts to cap record-breaking session
Senate Republicans are hurtling toward a final vote on President Donald Trump's agenda bill after more than 24 hours of painstaking negotiations on changes to the package to win over key GOP support. After hours of stalemate, Senate GOP leaders are now pushing toward their final set of votes in hopes of passing the multi-trillion-dollar bill out of their chamber in the next few hours. The legislation would lower federal taxes and infuse more money into the Pentagon and border security agencies, while downsizing government safety-net programs including Medicaid. Asked if GOP leaders had a deal to move ahead, Senate Majority Leader John Thune told reporters Tuesday morning, 'I believe we do.' He added: 'I'm of Scandinavian heritage. Always a bit of a realist. So we'll see what happens.' Republican Sen. John Hoeven of North Dakota said Vice President JD Vance – who arrived on Capitol Hill earlier Tuesday morning – is expected to cast a tie-breaking vote on several final changes to the legislation, including the massive package of negotiated changes from Senate GOP leadership known as the 'substitute' amendment. 'We'll need him on the actual substitute bill,' Hoeven said of Vance. The burst of movement from the Senate GOP comes after a full 24 hours of intense negotiating between Thune, Vance and the GOP holdouts, including Sen. Lisa Murkowski of Alaska. Vance had been the latest senior Republican to try to personally woo Murkowski, one of the party's critical holdouts, to back the giant package of tax and spending cuts. GOP leaders have spent days intensely lobbying the Alaska centrist with a lineup of policy sweeteners catered specifically to her state. On Tuesday, she suggested they finally reached a deal. 'It's in the hands of the people that operate the copy machine,' Murkowski told reporters when asked whether the vote was in the hands of the Senate parliamentarian. Earlier, the parliamentarian – the chamber rules referee – determined that a food stamps-related carveout meant to win over Murkowski could remain in the legislation without running afoul of the chamber's strict budget rules, while ruling that a provision meant to change federal cost sharing for Medicaid to benefit states like Alaska and Hawaii was not compliant, according to a Democratic source familiar with the ruling. Thune and his leadership team spent the weekend pushing ahead with Trump's agenda, though they didn't yet have the votes. Now, their chamber has been voting on amendments to Trump's bill for a full day — an unprecedented session that has frustrated Republicans and Democrats alike. And it's not even the final step before Trump can sign the bill: The narrowly divided House will need to pass the Senate's exact version of the bill, though dozens of their own members dislike the bill. House GOP leadership have been privately telegraphing to the Senate for weeks that they should have simply adopted the House version — rather than largely rewritten it. Still, if the Senate passes its version Tuesday, the House is expected to vote Wednesday on the measure, according to a GOP leadership source familiar with the plans. It's a rapid turnaround for House lawmakers, who are currently scattered across the country for the holiday recess, but multiple GOP sources said they believed they could get it done in the House this week and meet the president's end-of-week deadline. Both Thune and House Speaker Mike Johnson have been working furiously to deliver Trump his first major legislative win this week, so the president can sign it in a special ceremony on the Fourth of July.
Washington Post
31 minutes ago
- Washington Post
US job openings in May hit 7.8 million in a continuing display of labor market resilience
WASHINGTON — U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy. U.S. employers posted 7.8 million vacancies in May, The Labor Department reported Tuesday, up from 7.4 million in April. Economists had expected a slight decrease to 7.3 million. Openings were reported at hotels and restaurants and at finance companies. Vacancies at the federal government fell to the lowest level since May 2020, likely reflecting President Donald Trump's hiring freeze .
Yahoo
32 minutes ago
- Yahoo
Vaughn Hillyard To Join MSNBC As Network Taps Additional Correspondents In Advance Of Split From Comcast
Vaughn Hillyard will join MSNBC as senior White House correspondent, as the network has hired a group of journalists for its team in advance of its split from Comcast and sister network NBC News. Hillyard has been an NBC News White House correspondent but has contributed to MSNBC. More from Deadline Senate Strikes AI Moratorium From Donald Trump's "Big, Beautiful Bill" Donald Trump Talks Of Deporting Elon Musk And Unleashing DOGE On Him: "We'll Have To Take A Look" Senator Backs Away From Compromise Over AI Moratorium In Trump's "Big, Beautiful Bill" - Update Also joining MSNBC will be Laura Barrón-López as White House correspondent, David Noriega as MSNBC correspondent, and Marc Santia as an investigative correspondent. The split, expected to be completed later this year, has left questions of who will go where. Figures like Andrea Mitchell and José Díaz-Balart are staying with NBC News, while figures like Ken Dilanian are landing at MSNBC. MSNBC will be part of Versant, the newly branded entity of cable networks and other media properties formerly owned by Comcast. With NBC News no longer a sister network, MSNBC is building up its own news division. Hillyard has covered three presidential elections for the network, and landed interviews with figures like Steve Bannon, just before he served a four-month prison sentence. Hillyard also interviewed Vice President Mike Pence in 2018 following the Pittsburgh Tree of Life Synagogue shooting, among other high profile assignments. Barrón-López was White House correspondent for PBS NewsHour and a CNN political analyst. She also covered the Biden administration for Politico, and was part of the PBS team that won a Peabody for coverage of the Israel-Hamas war. Noriega will be based in Los Angeles. He was a national correspondent for NBC News and reported across the country and internationall on issues including migration. He received an Edward R. Murrow Award for his reporting from Mexico. Santia was a reporter on criminal justice, security issues and investigations for NBC4 in New York since 2012. He's covered national stories, including mass shootings and natural disasters, and won a regional Murrow award for a story on a former United Airlines flight attendant who honored friends and coworkers lost in the Sept. 11, 2001 terror attacks. Best of Deadline 'Poker Face' Season 2 Guest Stars: From Katie Holmes To Simon Hellberg Everything We Know About 'The Devil Wears Prada 2' 2025 TV Series Renewals: Photo Gallery
