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Treasury Secretary Bessent Says Budget Bill Will be Ready to Sign by July 4
Bloomberg Television· 2025-06-30 14:22
Just as the Senate has begun voting on what's known as the big, beautiful bill. You look at the latest version of the tax bill. The big question that remains is the GOP holdouts.What kind of deal can be cut with those holdouts. And what are you and the president prepared to offer for support. Well, I'm confident that the bill is going to progress, as is over the next few hours, and it'll be on the president's desk to sign on July 4th.So the Senate Senate will vote, pass it over to the House. We've seen incr ...
'Utterly insane and destructive': Elon Musk steps up attacks on massive bill for Trump's agenda
MSNBC· 2025-06-30 12:39
Let's turn now to Washington where later this morning the Senate is expected to begin what's known as voterama only in Washington DC on President Trump's sweeping domestic policy package. It comes after late on Saturday the Republican le Senate advanced the package following a dramatic drawn out process that spanned hours bringing it one step closer to passage. It narrowly advanced after Majority Leader John Thoon and Vice President JD Vance struck a deal with the holdouts.Trump also stayed in Washington ov ...
Trump’s ‘big, beautiful bill’ clears key Senate hurdle after high drama
CNBC Television· 2025-06-30 10:55
Tax and Spending Bill Overview - Senate is poised to vote on President Trump's tax and spending bill, facing potential amendments [1][2] - Updated bill retains the $40,000 limit on state and local tax deductions (SALT cap) until 2030 and reinstates Medicaid cuts [4] - Wind and solar industries face a bleak outlook due to shorter tax credit qualification runways and potential additional taxes related to supply chains in China [5] Budgetary Impact - The bill is projected to increase the debt by $3.25 trillion over the next ten years, according to the Congressional Budget Office [6] Political Challenges - House Freedom Caucus expresses concerns that the Senate bill violates their agreement to keep spending low [6][7] - Republican Senators Rand Paul and Thom Tillis initially voted against proceeding with the bill, indicating potential opposition [3][4] - Securing enough votes in the Senate is challenging, as losing more than one vote could jeopardize the bill's passage [4] Key Senators to Watch - Moderate senators like Lisa Murkowski and Susan Collins could be alienated if Ron Johnson's concerns regarding Medicaid are addressed [13] Industry Concerns - Elon Musk and others criticize the bill for favoring industries of the past over future industries, particularly regarding clean energy tax credits [17][18] - The Chamber of Commerce supports the tax provisions but expresses concern about the impact on wind and solar energy [18][19] Medicaid Implications - The bill includes Medicaid cuts, including a cap on provider taxes that states charge healthcare providers [4] - Concern exists that changes to the federal and state Medicaid match could reduce the number of people able to access Medicaid [14] Timeline and Potential Outcomes - The Senate aims to complete votes on amendments, potentially extending into Tuesday, with the House needing to act quickly to send the bill to Trump by July 4th [7][8] - The bill's passage depends on whether those who oppose it are willing to stand their ground and continue to vote no [11][12]
Sen. Bernie Sanders: Trump’s budget bill cuts to Medicaid “is a death sentence” for Americans
MSNBC· 2025-06-30 10:24
Right now, the Senate is debating over Trump's big, beautiful bill as Senate Republicans push to pass it ahead of their July 4th deadline. Late this afternoon, Senate clerks wrapped up a nearly 16hour long marathon reading of the 940 page bill, laying out what senators will be voting for and the stakes for Americans nationwide. Last night, the bill passed a key procedural hurdle to begin debate with all Democrats voting no along with two Republican holdouts, Senators Tom Tillis and Ran Paul.This comes as th ...
'Bad news for all Americans': Sen. Maggie Hassan on Trump’s megabill
MSNBC· 2025-06-30 10:21
The Senate is still debating over President Trump's mega bill after Democrats held a nearly 16-hour line by line reading of the 940page legislation in protest. This week, Senator Maggie Hassan of New Hampshire called the bill bad and said if it passes, more than 43,000 people in her state will lose their healthc care coverage. Let's bring in Democratic Senator Maggie Hassan of New Hampshire.She sits on the Senate Finance Committee. Senator, thank you for joining us this evening. So, paint a picture for us o ...
X @The Wall Street Journal
The Wall Street Journal· 2025-06-30 09:41
Exclusive: The Centers for Medicare and Medicaid Services is reviewing its authority to kick hospitals out of Medicaid if they don’t stop providing gender surgeries for minors https://t.co/KrdcMPmaNM ...
Nightly News Full Episode - June 29
NBC News· 2025-06-30 02:00
[Music] Breaking news tonight. Firefighters under attack in Idaho. Officials saying an active shooter situation is happening near Cordelane.At least two people dead, multiple others shot while responding. A shelter in place order now in effect. We've got the latest on this late breaking story here in Washington.The Senate set for an allnighter debate over what President Trump calls his big beautiful bill. What's been added to get more people on board. what it means for you, your taxes, your healthcare, and ...
GOP Sen. Tillis not seeking re-election after opposing Trump-backed bill
NBC News· 2025-06-30 00:00
Legislation & Policy - The bill under discussion could increase the deficit by over $3 trillion over the next 10 years [2] - Proposed changes to Medicaid funding involve reducing state tax revenue and establishing a $25 billion fund for rural hospitals [3] - The bill includes specific allocations, such as $85 million for moving the retired space shuttle Discovery [4] - The bill proposes creating $1,000 Trump saving accounts for newborns and imposing a $100 asylum application fee [5] Political Implications - Senator Tom Tillis initially opposed the bill due to Medicaid cuts, facing potential primary challenges [2] - Senator Tillis later announced he would not seek re-election, citing gridlock in Washington [3] - Laura Trump is reportedly considering running for Tillis' Senate seat in the 2026 midterms [7] Public Opinion & Impact - Concerns exist that changes to Medicaid funding could lead to hospital closures in rural areas [3] - The bill is described as unpopular and morally objectionable by some, while President Trump views it as popular [4][5]
Senate Debates Trump’s Big Beautiful Bill: What’s in It and What’s at Stake? | WSJ News
WSJ News· 2025-06-29 23:35
The Senate is now considering President Trump's one big beautiful bill. The legislation passed a key procedural hurdle late on Saturday night. The A's are 51, the nays are 49.The motion is agreed to. It's a 940 page piece of tax and spending legislation that came out Friday and now they're trying to go through this process of making some final changes, some final amendments. As the Senate Republicans are trying to figure this out, they're dealing with the splits in their own group over things like Medicaid, ...
Meet the Press full episode — June 29
NBC News· 2025-06-29 18:00
This Sunday, decision time. The Supreme Court imposes limits on the power of federal judges, handing more power to the White House. It only takes bad power away from judges as Senate Republicans rush to get President Trump's massive tax and spending bill to his desk before the July 4th deadline.Call your senators. Call your congressmen. We have to get the vote up.At the end of the day, this is a um a process whereby um not everybody's going to get what they want. What programs will be funded and which will ...