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House Republicans Threaten to Sink Trump’s Megabill Before July 4 Deadline | WSJ News
WSJ News· 2025-07-02 21:23
When you have a piece of legislation that is this comprehensive and with so many agenda items um in involved, you you're going to have lots of different priorities and preferences among people because they represent different different districts and they have different uh interests. But uh we can't make everyone 100% happy. It's impossible.This is a deliberative body. It's a legislative process by definition. All of us have to give up on our personal preferences.House will be in order. The Senate bill moved ...
Bryan Kohberger Pleads Guilty in University of Idaho Killings | WSJ News
WSJ News· 2025-07-02 20:55
- Are you pleading guilty because you are guilty. - Yes. - [Judge] Then it is possible that your statements today could be used against you later at trial.Do you understand that. - Yes. - [Judge] All right.Thank you. (pensive music) (pensive music continues) - [Reporter] Are you staying outside as a form of protest, sir. - Yeah.This isn't our agreement. We didn't agree to this. (pensive music continues) (pensive music continues) (pensive music continues) (pensive music fades). ...
Sean ‘Diddy’ Combs Acquitted of Racketeering and Sex Trafficking | WSJ News
WSJ News· 2025-07-02 18:30
Heat. Heat. We're hopeful that ultimately he receives a substantial sentence for what he's done.And you know, we're pleased that Cassie's brought to light um everything that has happened in this trial. I just spoke with her um and with the US Attorney's Office team and um she's in a good place. She's uh she's pleased that again that the jury has found him liable, actually guilty of um two federal crimes. ...
Dalai Lama Outlines Succession Plans Ahead of 90th Birthday | WSJ News
WSJ News· 2025-07-02 16:01
Tibetan spiritual leader the Dalai Lama says his successor will be chosen by a trust after his death. Photo: Ashwini Bhatia/Associated Press ...
Trump Announces a New Gaza Cease-Fire Proposal. But Can it Succeed? | WSJ News
WSJ News· 2025-07-02 14:11
- I think President Trump very much wants this war to end. I think he's trying to show that there's a deal out there and putting pressure on Hamas to agree to the deal. It also puts pressure on Israel in a way, because they don't wanna look like they're the ones who are going against the President.So on some level it kind of raises expectations for all the parties to come to the table and agree to something. - I think we'll have a deal next week, that's what I think. - Trump said in his post that Netanyahu ...
Trump Stands Firm on July 9 Tariff Deadline | WSJ News
WSJ News· 2025-07-02 07:19
Mr. . President, are you thinking of extending the pause on terrorists beyond July 9th. No. No, I'm not. I'm not thinking about the pause.Uh I'll be writing letters to a lot of countries and I think you're just starting to understand the process. We've dealt with Japan. I'm not sure if we're going to make a deal.I doubt it with Japan. They're very tough. You have to understand they're very spoiled.I love Japan. I I really like the new prime minister, too. Hobby was one of my closest friends, as you know.The ...
A Visual Breakdown of the Senate Loophole Used to Pass the Megabill | WSJ News
WSJ News· 2025-07-01 22:51
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]
Trump Visits ‘Alligator Alcatraz’ Migrant Facility in Florida | WSJ News
WSJ News· 2025-07-01 20:25
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 ...
Fed Chair Powell Weighs in on Potential July Rate Cut, Trump’s Criticism | WSJ News
WSJ News· 2025-07-01 18:37
- 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 ...
Watch: Senate Narrowly Passes Trump’s Megabill After Vance Breaks Tie | WSJ News
WSJ News· 2025-07-01 18:16
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]