We have breaking news that we have been expecting. We've been following what's going on on Capitol Hill. The House has just voted to pass President Trump's massive spending bill.The vote was 218 to 214 and that vote was just gave in within the last few minutes officially making moving it forward. NBC News Capitol Hill correspondent Melanie Zenona joins us once again. So Melanie, walk us through the final vote after a long long path to get here.It was it was a long night. It was a long few months. This has b ...

Let's bring in Democratic Congresswoman Debbie Wasserman Schultz of Florida. Thanks so much for stepping out to speak with us. Uh your leader Jeff utilizing this magic minute is what it's called to essentially filibuster now for hours um against this bill.We've seen a similar tactic previously with Senator Cy Booker filler bustering for 25 hours. Talking is one thing. Should Americans think Democrats have done all they could to stop this bill.Well, I am so proud of Leader Jeff who is our closer on this big ...

President Trump's massive tax and spending cuts bill is set up for a final passage vote. That said, House Minority Leader Hakee Jeff has been holding up the vote by speaking against the bill for about five hours now. Let's go to Emily Wilkins on Capitol Hill for the latest.So much drama, Emily. So much Sarah. I mean it, hey, it's a big drill bill. It's got big drama attached.Look, but the House is going to be passing this bill as soon as Jeff is done speaking. We know this because earlier this morning, we s ...

Our next guest is Republican House member uh who opposed President Trump's big bill as of late yesterday, but overnight he voted to move forward with the bill. Joining us right now is Congressman Ralph Norman, Republican of South Carolina. You were outspoken uh on the other side of this bill, sir.And here we are this morning. What has changed. Well, we we had a lot of problems with uh the Senate changing our bill up, mainly adding to the deficit to the tune of with interest right at 100 $1.2% trillion.We we ...

Joining us now is Congresswoman Katherryn Clark of Massachusetts. You just heard from her. She is the number two Democrat in the House serving as the Democratic whip.Welcome, Congresswoman. It's great to have you back at the table. So, I want to have a little fun with you uh at the beginning.U so so this great headline on NBC News um uh this morning talking about House Democratic leaders vowed to do everything they can can do to stop the GOP bill from passing. And the first thought I had was what. You mean ...

Political & Economic Analysis - The new bill is perceived as a reverse Robin Hood budget, transferring wealth from the poor to the rich [1][2] - Soft stagflation is anticipated, with rising inflation and a potentially softening labor market due to an economic slowdown [4] - Public opinion, even according to Fox News polls, is largely against the bill by 20 points, even before its effects are felt [7] - Democrats have an opportunity to capitalize on the bill's unpopularity and the Republican party's perceived lack of fiscal responsibility [8][10] - Economic populism is suggested as a counter-narrative to cultural populism, using the bill as an example [10] Midterm Elections & Political Strategy - The White House acknowledges potential blowback in the midterm elections, historically challenging for a president's first term [12][13] - The administration aims to fulfill campaign promises, including tax cuts, despite midterm election concerns [11][12] - Democrats are considering making JD Vance the face of the bill, particularly looking ahead to the 2028 presidential election, though focusing on Donald Trump and the Republican party as a whole may be more effective in the midterms [14][15][16] - The Republican party may struggle to credibly advocate for fiscal responsibility after Donald Trump's first term, during which the debt increased [8] - A past attempt to privatize social security under George Bush is cited as a cautionary tale of pursuing unpopular policies [17][18]

Um, you've been through the numbers. Uh, I know you've written about it, but the Senate has now sent its version back to the House. Just lay out the broad strokes for me.Absolutely. So, what this bill does at its core is it extends and amplifies a series of tax cuts that were first made by the Trump administration in 2017. And in order to try to fill that gap that they're blowing in the budget, it is absolutely decimating incentives for green energy and green energy programs, Medicaid, which is a program th ...

President's uh reconciliation bill is back in the House now with just two days left really until the self-imposed July 4th deadline. Our next guest is tasked with getting Republicans to vote for it. Joining us right now is House Majority Whip, Congressman Tom Emmer. Good morning to you. We just had a guest on who you know very well who said he's not voting for it and he's hoping that um maybe uh this can get pushed out to next week and that there's some kind of compromise to be had. But now that the Senate' ...

The tax cuts would give the wealthiest households a $12,000 annual increase, but would cost the poorest people 600 $1,600 a year. $1,600 a year. The CBO also estimates 11.8% million more Americans would be uninsured by 2034 if the bill becomes law and that 3 million more will not qualify for food stamps, also known as those SNAP benefits.So, um, Catty K, this is, uh, as David Ducker said, we over a decade of watching Donald Trump in national politics, now we kind of know where this goes. We'll hear some pro ...

Deficit and Spending - The analysis indicates authorization of $3.8 trillion in deficit increases without offsetting measures, potentially signaling an end to constraints on congressional spending [1] - Repeal of IRA tax cuts significantly impacts energy stocks [2] Consumer Impact - Tariffs are viewed as a tax on US consumers, generating approximately $400 billion for the US Treasury [3] - New stimulus to the US consumer amounts to $166 billion, resulting in a net loss for the consumer when compared to tariff revenue [3][4] Healthcare Sector - Medicaid cuts are expected to have a substantial impact on hospitals [2]