India’s sweeping consumption tax cut drove shoppers to splurge on items from cars to kitchenware during the month-long festival season, boosting the economy that was slammed with a 50% tariff by Trump https://t.co/xh718MZNJj ...

The President posting on Truth Social this evening after reviewing the details of what he calls the unserious and ridiculous demands from Democrats. I've decided that no meeting with their congressional leaders could possibly be productive. Is that the right move right now. Well right now.Well, look, what the Democrats are trying to do is undo everything that we got and did in the big, beautiful bill, you know, the tax cut for working families. And so, no, that's a it's a nonstarter. You know, the Democrats ...

2026 Midterm Elections in Iowa - Winning Iowa is crucial for controlling the House of Representatives [1] - Democrats aim to unseat incumbent Republicans Representatives Marionette Miller Meeks and Zack Nun [2] Trump's Tax and Spending Cut Bill (3.4 Trillion USD) - Candidates are discussing President Trump's 3.4 trillion USD tax and spending cut bill [3] - The bill includes provisions like cuts to taxes on tips and overtime, a boost in child tax credit, and tax breaks for investing in farm equipment [3] - Democrats highlight potential Medicaid cuts leading to rural hospital closures [4] - Democrats argue cuts to wind power subsidies will increase utility bills and harm Iowa's wind industry [4] Iowa's Economy and Trade - Trade, especially soybean exports to China, is a concern for voters [6] - Democrats argue tariffs will lead to higher prices and declining farm exports [7] - Republicans believe Trump will secure trade deals to improve market access for Iowa farmers and tax cuts will boost investment [7]

Political Commentary - The speaker claims some past supporters lost faith due to being "duped by the Democrats" [1] - The speaker criticizes the Democratic party, alleging they "almost destroyed our country" [1] - The speaker asserts Democrats "have nothing to show for what they" [3] Economic Claims - The speaker states that $25 billion has been found, with another $25 billion coming in, and "hundreds of billions of dollars" are pouring into the country [2] - The speaker mentions "the biggest tax cut in history" and "the biggest regulation cuts in history" [2] - The speaker promises "no tax on tips," "no tax on social security," and "no tax on overtime," among other things [2]

Market Overview - The stock market experienced a significant week with major events including the signing of a historic tax cut bill on July 4th and the release of monthly and weekly jobs reports [1][2] - Major indexes closed at weekly highs, reaching levels not seen since late February, with the Dow up 17%, S&P 500 up 20%, Russell 2000 up 21%, and Nasdaq up 27% from April 9th lows [2][4] Trade Policies - The deadline for U.S. trading partners to negotiate new trade policies has been extended from July 9th to August 1st, raising concerns about potential tariffs if no agreement is reached [2][3] - The situation indicates a potentially contentious trade issue, with significant tariffs set to go into effect if negotiations fail [3] Economic Indicators - The Federal Open Market Committee (FOMC) has maintained interest rates at 4.25-4.50% throughout 2025, with no major economic reports expected this week [6] - Upcoming economic reports include the Consumer Price Index (CPI), Producer Price Index (PPI), and monthly Retail Sales figures, which are anticipated to provide insights into economic conditions [7] Earnings Reports - Delta Air Lines is set to report Q2 earnings, marking the unofficial start of the Q2 earnings season, with major banks like JPMorgan, Citigroup, and Wells Fargo reporting the following week [8]

President Donald Trump signed the big bill. He calls it beautiful. The American people don't seem to agree.A bill that is so wildly unpopular, it screws many of the people who voted for Trump. And still, no one could really muster like a good actual affirmative account for it. It's going to cut Medicaid as it cut taxes for the rich. It's going to cut food aid like SNAP.While it throws billions of dollars the immigration, Customs, and Enforcement, it's bad all around. It it repeals all sorts of energy provis ...

These 26 Rich Private Colleges Just Got A Tax Cut From Republicans https://t.co/7jp1JPjrOb ...

These 26 Rich Private Colleges Just Got A Tax Cut From Republicanshttps://t.co/byWfFhB48T https://t.co/9tVWWs298p ...

Government Policy & Legislation - President Trump's tax cut and spending bill passed, heading to his desk to be signed into law [1] - The bill includes extending tax cuts, new military spending, and funding for a mass deportation plan, paid for partly by cuts to food aid, clean energy, and Medicaid [3] - The bill eliminates taxes on tips and overtime [7] - The nonpartisan Congressional Budget Office estimates the bill will cause nearly 12 million people to lose healthcare coverage and add approximately $3 trillion to the national debt [11][12] Political Landscape - The bill passed largely on party lines, with some Republican holdouts needing persuasion [2][4] - Democrats strongly opposed the bill, attacking its overhaul of social safety net programs [6] - Republicans view the bill as fulfilling campaign promises, including no taxes on tips and overtime pay [13] - The bill is expected to be a political football, with Democrats planning to campaign against Republicans in the midterms [12][13] Immigration & Border Security - The bill includes funding for border security [3][13] - A new immigration detention center in Florida, dubbed "Alligator Alcatraz," has opened, raising human rights concerns [18][19] - Lawmakers have been denied access to the facility, leading to concerns about inhumane conditions and environmental impacts [19][20] - The facility has approximately 3,000 to 5,000 beds to house migrants [21] Social Issues - The Supreme Court will review state laws banning transgender athletes from competing in girls' and women's sports [23] - The cases concern whether such laws violate the 14th amendment [24] Weather & Travel - Severe weather caused flight delays and damage in the Northeast, impacting holiday travel [30][32] - Federal agencies are not tracking any specific threats but are highly aware heading into the holiday [33] - Approximately 62 million people are driving to their holiday destinations [36] - New York will host its iconic fireworks display, with 80,000 shells, the biggest show ever in New York [37][38][39]

I want to bring in now Democratic Congressman Robert Garcia of California. He's the newly minted ranking member of the House Oversight Committee. Congratulations on that election, Congressman.I I wonder if Leader Jeff, as we continue watching him here on the floor, gave any of you a heads up about what this magic minute would actually become here. Yeah, I mean, look, for we're incredibly obviously proud of of of the leader. Uh I've been in that in that chamber.We've all been with him there. Uh he's been now ...