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CNN
26 minutes ago
- Politics
- CNN
Breaking down Trump's big bill, VA morale, polar explorer: Catch up on the day's stories
5 Things Donald TrumpFacebookTweetLink Follow 👋 Welcome to 5 Things PM! San Marino sits high on a hill in northeastern Italy, and it's one of Europe's smallest and most unusual countries. There are no checkpoints marking the border, just a sign along the highway welcoming arrivals to the 'Ancient Land of Freedom.' Here's what else you might have missed during your busy day. Seniors, students, taxpayers, children, parents, low-income Americans and just about everyone else will be affected by President Donald Trump's massive tax and spending bill that is being hashed out on Capitol Hill. We broke down what you need to know. ➕ The Senate passed the megabill after Vice President JD Vance broke a tie. Morale has plunged among doctors and nurses at Veterans Affairs hospitals across the US amid hiring freezes and fears of layoffs. Workers said they're running short of supplies — and they're worried these conditions are drying up the pipeline for future talent. In one of the coldest places on Earth, Alan Chambers searched for an invisible threat. He's teaming up with climate scientists to see if microplastics and nanoplastics have reached some of the most remote corners of the planet. Answers are just emerging. AlphaBot 2 wants to beat humans at their own game. Thanks to embodied artificial intelligence, it has the ability to understand instructions. The robot knows how to play dice — and eventually it could make you tea and do your dishes. Veils are one of the oldest elements of the wedding ensemble, dating at least as far back as Ancient Greece. Here's why they remain a staple accessory for even the most modern brides. GET '5 THINGS' IN YOUR INBOX If your day doesn't start until you're up to speed on the latest headlines, then let us introduce you to your new favorite morning fix. Sign up here for the '5 Things' newsletter. 🏢 Building the future: Researchers and students are exploring the potential of biodesign. By blending science, design and technology they're developing building materials that could be grown — with properties like self-coloring and healing. Judge tells jurors to continue deliberating in Combs trial after they reached partial verdict Trump says DOGE is a monster that may 'go back and eat Elon' Mamdani clinches NYC Democratic primary while Trump threatens arrest if he resists ICE as mayor 💸 That's how much the New York Mets are paying Bobby Bonilla each year even though he hasn't played a professional baseball game in more than two decades. 🍷 Boozy battles: Typically, a glass of wine is something to be savored — except in one quiet town in northern Spain, where it's used as ammunition. 'I will always show the good and hard bits of any journey I go through.' British singer Jessie J 💬 Highs and lows: The former coach on 'The Voice UK' shared some personal details about her breast cancer battle and thanked her caregivers, family and friends for their support. President Donald Trump toured a migrant detention center in Florida. What is its nickname?A. 'Everglades Stockade'B. 'DeSantis Detention'C. 'Alligator Alcatraz'D. 'Sunshine Slammer'⬇️ Scroll down for the answer. ⛽ Road trip! Drivers won't need to break the bank to fill their gas tanks this Fourth of July weekend. Prices are expected to average between $3.10 and $3.15 per gallon nationally, according to GasBuddy. That's down sharply from last year and the cheapest gas for the summer holiday since at least 2021. 👋 We'll see you tomorrow.🧠 Quiz answer: C. The compound, nicknamed 'Alligator Alcatraz,' is located on a remote airstrip surrounded by swamp and predators.📧 Check out all of CNN's newsletters. Today's edition of 5 Things PM was edited and produced by CNN's Kimberly Richardson and Emily Scolnick.
Time of India
28 minutes ago
- Business
- Time of India
"Biggest winner will be American people," says Donald Trump as Senate passes 'One Big Beautiful Bill'
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel As the US Senate passed the 'One Big Beautiful Bill' with Vice President JD Vance casting the tie-breaking vote, President Donald Trump called it a "major policy win", saying the American people would be the biggest beneficiaries of the described the bill as "everyone's bill" and highlighted its potential impact, lower taxes, higher wages, secure borders, and a stronger military, while asserting that the American people were the "biggest winner.""Almost all of our Great Republicans in the United States Senate have passed our 'ONE, BIG, BEAUTIFUL BILL.' It is no longer a 'House Bill' or a 'Senate Bill'. It is everyone's Bill. There is so much to be proud of, and EVERYONE got a major Policy WIN -- But, the Biggest Winner of them all will be the American People, who will have Permanently Lower Taxes, Higher Wages and Take Home Pay, Secure Borders, and a Stronger and More Powerful Military. Additionally, Medicaid, Medicare, and Social Security Benefits are not being cut, but are being STRENGTHENED and PROTECTED from the Radical and Destructive Democrats by eliminating Waste, Fraud, and Abuse from those Programs," Trump wrote on his social media platform, Truth the Bill is now set to be presented at the House of Representatives (lower chamber), Trump urged that the bill is presented to his desk before July 4 (Independence Day of the US)"We can have all of this right now, but only if the House GOP UNITES, ignores its occasional 'GRANDSTANDERS' (You know who you are!), and does the right thing, which is sending this Bill to my desk. We are on schedule -- Let's keep it going, and be done before you and your family go on a July 4th vacation. The American People need and deserve it. They sent us here to, GET IT DONE!" Trump also predicted a wave of economic expansion following the bill's enactment. "Our Country is going to explode with Massive Growth, even more than it already has since I was Re-Elected. Between the Growth, this Bill, our Tariffs, and more, 'THE ONE, BIG, BEAUTIFUL BILL' sets the United States down a fiscal path by greatly reducing our Federal Deficit, and setting us on course for enormous Prosperity in the new and wonderful Golden Age of America," he bill cleared the Senate in a 51-50 vote after days of intense negotiations. Lawmakers worked through the weekend before launching a 27-hour marathon of amendment votes, during which Republican leaders worked to win over dissenting its Senate passage, the bill now faces a tougher path in the House, where at least six Republican lawmakers have publicly opposed it due to proposed deeper Medicaid cuts, changes to clean energy incentives, and modifications to the SALT (state and local tax) deduction provisions originally approved in the House version. Representative Thomas Massie (R-Ky.) has also indicated he may vote against the bill, citing concerns over its projected USD 3 trillion addition to the national Mike Johnson now faces the challenge of rallying the House Republican majority to pass what could become one of the most ambitious and defining legislative achievements of Donald Trump's political legacy.
Malay Mail
an hour ago
- Business
- Malay Mail
Trump's massive spending bill clears Senate by razor-thin margin, heads to House
WASHINGTON, July 2 — The Republican-led US Senate approved President Donald Trump's mammoth domestic policy bill Tuesday by the narrowest of margins, despite misgivings over delivering deep welfare cuts and another US$3 trillion (RM12.6 trillion) in national debt. Republican leaders had struggled to corral support during a record 24-hour 'vote-a-rama' amendment session on the Senate floor, as Democrats offered dozens of challenges to the most divisive aspects of the package. But Senate Majority Leader John Thune was able to turn around wavering moderates to deliver a 50-50 vote, with Vice President JD Vance breaking the tie. The sprawling text now heads to the House of Representatives, where it faces unified Democratic opposition and multiple Republicans balking at the budget-busting costs, as well as slashed health care and food aid programs for poor Americans. Trump's bill proposes a US$4.5 trillion extension of his first term tax cuts, contentiously offset with US$1.2 trillion in savings mainly targeting the Medicaid health insurance programme, as well as federal food aid. The health care cuts could see an estimated 12 million low-income and disabled Americans lose coverage. The package also rolls back billions of dollars in green energy tax credits while providing a US$350 billion infusion for border security and Trump's mass migrant deportation programme. The president made clear that the goal remains to get the bill through the House in the coming days and sign it into law by Friday's July 4 Independence Day holiday. 'It's going to get in, it's going to pass, and we're going to be very happy,' Trump told reporters ahead of the vote. 'Utter shame' Polls show the bill is among the most unpopular ever considered, and Democrats hope to leverage public anger ahead of the 2026 midterm elections when they aim to retake the House. Backed by extensive independent analysis, they say the bill's tax cuts would disproportionately benefit the wealthy at the expense of social safety net programs for the poorest Americans. 'Today, Senate Republicans betrayed the American people and covered the Senate in utter shame,' said Chuck Schumer, the leader of the Senate Democratic minority. 'In one fell swoop Republicans passed the biggest tax break for billionaires ever seen — paid for by ripping away health care for millions of people and taking food out of the mouths of hungry kids.' A handful of senators in the Republican majority had threatened to upset the apple cart, voicing concerns that the bill would add more than US$3.3 trillion to the nation's already yawning budget deficits over a decade. The most high-profile opposition came in the shape of tech billionaire and estranged former Trump aide Elon Musk, who balked at the bill's debt implications and stripping of clean energy subsidies. A furious Trump on Tuesday said he would consider deporting Musk — whose electric car company Tesla gives him extensive interests in green energy — and ending federal funds for his companies. 'Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,' Trump posted on social media. Focus on House Although the House of Representatives has already passed its own version of the bill, it will have to come back to the lower chamber for a final rubber stamp before it reaches Trump's desk. House Republicans were watching anxiously from the sidelines to see if their Senate colleagues would adopt changes that would be hard for Speaker Mike Johnson to sell to his lawmakers. Fiscal hawks in the lower chamber are furious at what they say is US$651 billion of extra deficit spending in the Senate's tweaks. A House vote could come as early as Wednesday but even with full attendance, House Republicans can only afford to lose three votes. 'The House will work quickly to pass the One Big Beautiful Bill that enacts President Trump's full America First agenda by the Fourth of July,' Johnson said after the vote. 'The American people gave us a clear mandate, and after four years of Democrat failure, we intend to deliver without delay.' — AFP
Globe and Mail
an hour ago
- Business
- Globe and Mail
What's really in Trump's ‘beautiful' bill?
The One Big, Beautiful Bill Act squeaked through the U.S. Senate by a single vote Tuesday – requiring Vice-President JD Vance to break the tie – bringing the central legislation of President Donald Trump's agenda one step closer to meeting his self-imposed July 4 deadline for passage. The bill would fund mass deportations and tax cuts by taking away health coverage and food stamps from millions of low-income Americans, ending programs to fight climate change, and racking up debt. The Senate version of the prospective law made some changes compared to the earlier legislation passed by the House of Representatives, which means the two chambers must hash out their differences before sending a final version to the White House. With all Democrats vehemently opposed and the Republicans holding only narrow majorities in both houses, the next two days are almost certain to see some down-to-the-wire legislative manoeuvring. Here is what is in the bill. Deportations, the wall and the military The bill would pay for the centrepiece of Mr. Trump's political program by allocating nearly US$30-billion to his effort to round up and deport immigrants and US$46.5-billion to continue construction of the wall on the U.S. border with Mexico. The President is aiming to deport all 11 million people who are in the country without legal status as well as millions more who came legally under immigration programs that he is cancelling. The White House has ordered Immigration and Customs Enforcement to step up deportations with the goal of arresting 3,000 people per day. This has led agents to raid farms, restaurants, factories, warehouses and other workplaces. The bill would also add US$153-billion in military spending, including US$25-billion to start Mr. Trump's promised 'Golden Dome' missile defence system, which Canada is negotiating to join. The spend on taxes The legislation contains a long list of tax changes. At the centre are measures that would make permanent a series of temporary tax cuts Congress passed during Mr. Trump's first term. These include cuts to corporate tax rates, personal income tax rates, a larger standard deduction and a cut to taxes on pass-through entities such as limited liability companies. In addition, the bill would add a new tax deduction of up to US$25,000 for tips and US$12,500 for overtime pay until 2028, increase the child tax credit from US$2,000 to $2,200, with later adjustments for inflation, and raise the cap on the deduction for state and local taxes to US$40,000 from US$10,000. According to modelling by the University of Pennsylvania's Wharton School, Mr. Trump's alma mater, 70 per cent of the benefits of the tax cuts would flow to the top 10 per cent of income earners. Cutting Medicaid, Obamacare and food stamps To partially offset the cost of the tax cuts, the bill would cut over US$1.3-trillion in spending from the country's social safety net, the largest such reduction in more than a generation. To save US$930-billion, for instance, it envisions adding additional red tape for people applying for Medicaid, a government program that pays for health care for the poorest Americans. In theory, the new rules are designed to press people on Medicaid who are not currently working to find a job or go back to school. In practice, they will likely take away health care from a range of low-income Americans who do not comply with the new paperwork requirements. The bill would also make cuts to Medicare – the program that provides health care to senior citizens and younger people with certain disabilities – and not renew some subsidies for people buying private insurance through the Obamacare system. According to an estimate by the non-partisan Congressional Budget Office, these measures combined would take health insurance away from nearly 12 million Americans. Meanwhile, 4.7 million people would lose access to Supplemental Nutrition Assistance (SNAP), colloquially known as food stamps, because of a US$285-billion cut, according to the CBO. Ending climate policy In a partial rollback of former president Joe Biden's signature climate policies, the legislation ends US$488-billion in tax credits for electric vehicles and subsidies for new wind and solar projects that come online after 2027. On the flip side, it offers a subsidy for some coal production. What happens now Even with all of these cuts, the bill would still require a US$3.3-trillion increase in government borrowing and therefore also raises the country's debt ceiling by US$5-trillion. And this is why, despite its centrality to Mr. Trump's agenda, the legislation remains so contentious within his own party. On one side, moderates are balking at the cuts to social spending. On the other, deficit hawks argue the plan is far too expensive. Republican North Carolina Senator Thom Tillis voted against the bill over its Medicaid cuts, as did moderate Mainer Susan Collins. Libertarian Kentuckian Rand Paul opposed it for raising the debt ceiling. Alaska Senator Lisa Murkowski, the final, key vote for the bill, came around after party leaders added money to a rural hospital fund and softened the SNAP cuts for her state. Now, a joint legislative committee will try to merge the Senate and House versions of the bill in a way that the slim majorities in both houses can live with. The Senate, for instance, rewrote a Medicaid tax provision in a way that could put more of the burden of paying for the program onto state governments, something House moderates are likely to be unhappy with. The upper chamber also passed a higher debt-ceiling increase, however, risking the support of the few remaining fiscal conservatives in Congress. Still, Mr. Trump holds an iron grip over his party. He is certain to be squeezing as hard as possible to fulfill his goal of signing the bill by Independence Day on Friday.
New York Times
2 hours ago
- Business
- New York Times
The Disaster That Just Passed the Senate
This is an edited transcript of an episode of 'The Ezra Klein Show.' You can listen to the conversation by following or subscribing to the show on the NYT Audio App, Apple, Spotify, Amazon Music, YouTube, iHeartRadio or wherever you get your podcasts. I'm taping this introduction on Tuesday, July 1. The Senate passed Donald Trump's 'big beautiful bill' just moments ago in a 50-50 vote, with Vice President JD Vance as the tiebreaker. This bill is a bad piece of legislation — trillions of dollars in tax cuts, very much tilted toward the rich, with savage cuts to Medicaid, nutrition assistance and green energy. Even with those cuts, we can expect more than $3 trillion to be added to the national debt over 10 years. And befitting a policy like that, the bill is hugely unpopular: A poll from late June found nearly two-to-one opposition to the bill. Vulnerable Republicans do not seem excited to run on the wreckage it's going to create. Thom Tillis, the Republican senator from North Carolina — a state Trump has won over and over again — just announced he's stepping down at the end of this term, in part over the Medicaid cuts. But bad policy only matters if people know about it, and a lot of people don't. Those of us hearing about this bill — even those of us covering it — can't keep the whole package in mind. The Times has a great list of nearly all the provisions, and a lot of them would be major policy fights on their own. But in part because of that — and because the Trump administration is flooding the zone with so many other major policy fights — it has been hard to focus attention on what is passing and what can actually be done about it. Want all of The Times? Subscribe.
