Legislation & Policy - The Senate passed a bill with a 51-50 vote, using budget reconciliation to bypass the 60-vote threshold [1] - Budget reconciliation requires the bill not to increase the deficit outside a 10-year window [1] - The bill extends tax cuts from 2017, which previously expired to comply with the 10-year window [2] - Concerns arise as the bill cuts taxes more than it cuts spending, potentially violating budget reconciliation rules [2] Financial Implications & Accounting - The bill's math relies on a 2025 baseline, when 2017 tax cuts are still in effect [3] - Republicans claim the bill will reduce the deficit by $57 billion over 10 years through tax cuts and Medicaid reforms [3] - Critics argue that the bill uses "fake math and accounting gimmicks" to conceal its true cost [4]

It's known as Alligator Alcatraz, which is very appropriate because I looked outside and that's not a place I want to go hiking anytime soon. But very soon, this facility will house some of the most menacing migrants, some of the most vicious people on the planet. We're surrounded by miles of treacherous swamp land and the only way out is really deportation.I give the governor a lot of credit for using this piece of land. And in addition to that, it's on top of something that was already developed. It's an ...

- Ignore the tariffs for a second. Inflation is behaving pretty much exactly as we have expected and hope that it would. We haven't seen effects much yet from tariffs and we didn't expect to by now.We've always said that the timing, amount, and persistence of the inflation would be highly uncertain, and it's certainly improved that. So, we're watching, we expect to see, over the summer, some readings, higher readings, but we're prepared to learn that it can be higher or lower or later or sooner than we'd ex ...

Legislative Action - The bill, as amended, passed with the Vice President's tie-breaking vote of 50-50 [1] - Republicans are perceived to have passed significant tax breaks for billionaires [1] Political Commentary - The act is criticized as a betrayal, funded by cuts to healthcare for millions and food programs for children [2] - The bill is described negatively as not "big, beautiful" but a "big ugly betrayal" [2]

What happened to Elon Mus. Who. What happened to Elon Mus.Nothing. No, he's upset he's that he's lo losing his EV mandate and he's accept Yeah, he's very upset about things, but you know, he could lose a lot more than that. I can tell you right now, hey, Elon Elon can lose a lot more than that.I haven't been with We might have to put Doge on Elon. You know, you know what Doge is. Do is the monster that have that might have to go back and eat Elon.Wouldn't that be terrible. He gets a lot of subsidies, Peter. ...

The order will remove sanctions on Syria while maintaining sanctions on the former president Assad, his associates, human rights abusers, drug traffickers, persons linked to chemical weapons activities, ISIS and their affiliates, and Iranian proxies. Um, and this is again an action that the president promised and shocked the world with in Saudi Arabia because he's committed to supporting a Syria that is stable, unified, and at peace with itself and its neighbors. I will be ordering the cessation of sanction ...

The administration today formally accused Harvard of violating civil rights laws by not doing enough to fight anti-semitism. We know that the president has tal talked to us before about um Harvard potentially having a deal with administration in the coming days. Do you have an updated timeline for that.How's the negotiations going. And is more pressure needed for Harvard to take fighting anti-semitism seriously. Well, there was um quite a direct letter that was sent to Harvard this morning as you know.um th ...

It's been a long debate. I know people are weary, but at the end of the day, we want to get this done so this country is safer and stronger and more prosperous. [Music] The Medicaid proposal in this bill bears no resemblance to that kind of discipline and due diligence.It has no insights into how these provider tax cuts are going to be absorbed without harming people on Medicare. We're going to make sure that we fulfill the promise and then we can feel I can feel good about a bill that I'm willing to vote f ...

The Supreme Court ended its term on June 27th and we saw a number of key decisions. Our readers had some questions. Here are a few of them.Paul asks, "I am not clear on what the ruling on injunctions means. Does this not allow a president to create laws, limit rights, and impose measures unilaterally, giving the president dictatorial powers?" So certainly the court is giving the president wider discretion to act and making it more difficult for judges to limit the president's actions. That said, the preside ...

Israeli settlers in the West Bank attack Israeli security forces as they increase their raids on Palestinians, often without consequences. ...