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Senate narrowly passes massive Trump agenda bill
NBC News· 2025-07-01 16:51
Now to breaking news on Capitol Hill where senators just voted to pass the so-called big beautiful bill. That's right. It happened just moments ago and really it's been a marathon session there in the Senate as lawmakers race to get this bill passed uh by a self-imposed July 4th deadline.Julie Circin joins us now from her post. Uh Julie, what's interesting about this to me is is Vance broke this 50-50 tie, but but this is just to reset the scene for our viewers. is really the bulk of President Donald Trump' ...
'Fraud upon the American people': Trump officials claim spending bill will lower deficit
MSNBC· 2025-07-01 05:33
It is time for money power politics. The analysis by the nonpartisan CBO was crystal clear. Trump's spending mega bill will balloon the US deficit by $3.3% trillion and cut health care for millions.But White House officials are working overtime to convince Americans that it'll do the exact opposite. Watch this. This bill protects Medicaid, as I laid out for you, for those who truly deserve this program.the needy, pregnant women, um children, um sick Americans who physically cannot work. This bill strengthen ...
What's really in Trump's 'big, beautiful bill'
MSNBC· 2025-07-01 05:09
Tonight, all the focus is on the Senate floor. All day long, senators have been voting on amendments to Donald Trump's gargantuan tax and spending bill. Republicans are rushing to get the bill to Trump's desk in time for his Friday deadline.Now, Donald Trump wants you to focus on his campaign promises that are in the bill, extending the tax cuts from his first term, billions of dollars for border security, and eliminating taxes on tips and overtime. But let's level set about what else this bill will do. It ...
'Everyone in line': Senate GOP scrambles to please Trump by passing unpopular megabill
MSNBC· 2025-07-01 04:20
It is day 162 of the second Trump administration and tonight the focus is on the Senate floor. You are looking at it live right now. All day long, senators have been voting on amendments to Donald Trump's gargantuan tax and spending bill.Republicans are rushing to get the bill to Trump's desk in time for his deadline on Friday. Donald Trump wants you to focus on his campaign promises that are in the bill, like extending the tax cuts from his first term, billions of dollars for border security, and eliminati ...
'It's a nightmare': Top Dem slams GOP megabill's Medicaid, SNAP cuts
MSNBC· 2025-07-01 02:31
What does it mean for motans. Uh, this bill, it's a nightmare like every other state. One out of two people in my state is on Medicaid if they're in assisted living.So, think about that. So, this they are literally giving tax cuts to the wealthiest, $400,000 tax cut to multi-millionaires on the backs of people in assisted living, kids who are getting kicked off of food assistance. And it is, as just pointed out correctly, over $4 trillion in debt, which is going to mean increased mortgage rates.It's going t ...
X @The Wall Street Journal
Republicans are waving a $3.8 trillion magic wand over their tax-and-spending megabill, declaring that their extensions of expiring tax cuts have no effect on the federal budget https://t.co/6s9ZtLGJXl ...
‘This bill is a ripoff’: Sen. Amy Klobuchar on Trump Budget Bill
MSNBC· 2025-06-28 22:34
Joining me right now, we have Senator Amy Clolobashar, Democrat from Minnesota. Senator, I'm so glad you're here, and I know, ma'am, that you have a 3:20 p. m.uh speaking on the floor. So, we're going to get going right now for you. What is happening on the floor right now.And with the full text of the bill only released overnight, do your Senate colleagues really know what's in it. Uh that would be it is 900 plus pages. So, don't think so.But what we do know from some immediate analysis which Senator Schum ...
‘The clock is ticking’: Senate Republicans rush to save budget bill after blow to Medicaid cuts
MSNBC· 2025-06-27 10:57
EUGENE ROBINSON. >> GREAT GROUP. >> TO START OFF.>> A BUSY NEWS MORNING. >> AND WE. >> WILL DIVE RIGHT IN, BEGINNING WITH.REPUBLICANS NOW FACING A. >> MAJOR SETBACK. AFTER A.SENATE OFFICIAL RULED AGAINST. >> A SERIES. >> OF.HEALTH CARE CUTS. AND SAVINGS IN THEIR SWEEPING. DOMESTIC POLICY BILL.>> THE NONPARTISAN. >> SENATE PARLIAMENTARIAN, ELIZABETH MCDONOUGH, DISQUALIFIED SEVERAL PROVISIONS, INCLUDING. ONE THAT PROHIBITS FEDERAL FUNDING OF MEDICAID.>> AND THE CHILDREN'S HEALTH INSURANCE PROGRAM. >> FOR ADUL ...
CNBC Fed Survey: Majority believes the tax bill will significantly increase the deficit
CNBC Television· 2025-06-17 15:43
Market Outlook - CNBC's Fed survey participants show growing optimism about the outlook for markets, anticipating a bounce back in the economy and stocks in 2026 [1] - The survey projects the S&P 500 to reach 6133 by year-end, a 15% increase, and 6625 in 2026, nearly a 10% increase from yesterday's close [2] - Equity markets are near all-time highs, anticipating certainty on tariffs, extension of the 2017 tax cuts, deregulation, AI productivity, and Fed easing, potentially leading to economic reacceleration in the second half into 2026 [2][3] Interest Rates and Monetary Policy - The survey indicates no expectation for a rate cut next month, with the funds rate remaining above the long run neutral rate into 2026 [4][5] - The survey builds in two rate cuts for this year and one for next year [4][5] Fiscal Policy and Deficit - 82% of respondents believe the tax bill will increase the deficit [3] - Opinions are divided on the tax bill's impact on growth, with 29% more optimistic, 29% less optimistic, and 43% believing it doesn't matter [3][4] Inflation and Tariffs - A 43% to 32% margin believes tariffs will be one-time price increases rather than creating broader inflation [6] - 61% of respondents anticipate tariff inflation is yet to come in the months ahead [6]
Former New Hampshire Gov. Chris Sununu: There's a 'fiscal car crash' coming in about 8-9 years
CNBC Television· 2025-06-17 11:36
Our next guest is here to weigh in on the budget bill talks in Washington, US trade, and much more. Joining us right now is former New Hampshire Governor Chris Cenounu. And Governor, thanks for coming in today. Thanks for having me.All right, we've seen the House version. Now the Senate is out with its version, which is very different. I was going to say they did not leave things alone like the House Speaker had kind of been begging them, don't change this because we have such a thin majority.I'm not going ...