President Trump set to meet with congressional leaders, including Senator Chuck Schumer and John Thune. Also Congressman Jeffries at the White House today to see if the Democrats and Republicans can hash out a short term spending bill and avoid a government shutdown with federal funding due to expire tomorrow. Bloomberg's karaoke machine joins us now from Washington.What do we know about what both sides want after the weekend. We know for sure that the deadline is fast approaching. Government funding is exp ...

House Republicans unveiled a spending bill that funds the government at current levels through mid-November but omits healthcare money sought by Democrats https://t.co/YfsH5JN2d6 ...

House Republicans unveiled a stopgap spending bill to keep the US government open past an Oct. 1 shutdown deadline, daring Democrats to vote against the measure, which does not contain health-care policies they have demanded. https://t.co/QBTvSnMgEA ...

Musk Gave $5 Million To MAGA PAC In June—A Day Before He Attacked Trump’s ‘Insane And Destructive’ Spending Billhttps://t.co/K9FMhKe9mM https://t.co/2F4D9w2QA5 ...

#BREAKING NEWS: Pres. Trump signed the “One Big Beautiful Bill,” the spending bill containing his signature policies, marking the culmination of months of negotiations that concluded just before the July 4 deadline Trump set to sign the bill into law.https://t.co/RBYXceC59Z ...

Good morning. Happy 4th of July. I'm Stephen Romo in for Joe and Savannah today.And we begin this morning with that major victory for President Trump and his agenda. The president's massive tax cut and spending bill is now on its way to his desk to be signed into law today. That legislation was narrowly passed on Thursday in time for that self-imposed July 4th deadline.But the bill's passage was far from smooth. Several Republican holdouts had to be persuaded to support it. In the end though, two GOP lawmak ...

Bitcoin breaks its 38% spending bill pattern. Next $4.5T won't pump prices. Supply is different. ...

Tax Policy Changes - Extension of 2017 tax cuts, initially set to expire at the end of 2025 [1][2] - Child tax credit increased to $2,200 and indexed to inflation [2] - Estate tax exemption increased to $15 million per person [2] - Elimination of tax credits for electric vehicles and clean energy purchases after September 30th [3] - State and local tax deduction capped at $10,000, with a temporary increase to $40,000 for certain income levels [3][4] - Potential $25,000 deduction for tipped workers, but payroll taxes still apply [4] - Deduction for seniors of $6,000 per person for those ages 65 and up [6] Government Spending and Budget Impact - Increased funding for agencies like ICE, Customs and Border Protection, Homeland Security, the Defense Department, and Missile Defense [7] - Medicaid work requirements implemented, projected to save $326 billion through 2034 [8][9] - Changes to premium tax credits under the Affordable Care Act, potentially leading to 11 million fewer people with health insurance by 2034 [10] - Creation of a $50 billion rural healthcare fund to address changes in healthcare access [11] - Projected increase in the deficit by $3.4 trillion over the next 10 years (through 2034) [13] Economic Impact and Political Considerations - Republicans argue that economic growth from tax cuts and deregulation will offset the deficit increase [15] - Economists express concerns about the drag of budget deficits on the economy, potentially leading to higher interest rates and increased debt [15] - Potential for Democrats to delay or change tax cuts if they win the House majority [12]

RT BBC Breaking News (@BBCBreaking)US Congress delivers major win for President Donald Trump by approving his huge spending bill https://t.co/VLeoYZW8El ...

House Passes Trump’s Signature Spending Bill, Meeting July 4 Deadlinehttps://t.co/kOs5X7UUkG https://t.co/udaChUsNXi ...