Medicaid Reform & Political Landscape - The potential passage of a rule concerning Medicaid is uncertain, with failure to pass potentially halting progress on related issues [1][2] - The House and Senate have differing approaches to Medicaid reform, particularly regarding waste, fraud, and abuse, requiring reconciliation [6] - Correcting expanded Medicaid roles implemented by the Biden administration is a key objective, aiming to reform the system for those truly deserving [7][8] - Political considerations and a limited timeframe necessitate prompt action on Medicaid reform [10] Waste, Fraud, and Abuse in Medicaid - Significant waste, fraud, and abuse exist within the Medicaid system at individual and hospital levels [11][12] - High CEO compensation in hospital systems primarily funded by taxpayer dollars is a concern [12][13] - Addressing abuses in the Medicaid system presents a "once-in-a-lifetime" opportunity for reform [13] Societal Issues & Medicaid Burden - In North Carolina, 52% of births are to mothers on Medicaid, highlighting a societal issue contributing to the Medicaid burden [14] - Systemic societal issues, such as young individuals having children and relying on Medicaid, strain the system's financial responsibility [15] State & Federal Responsibilities - States should bear more responsibility for issues currently funded by the federal government through Medicaid [5][24] - The federal government should not be bankrupted by issues that states should be addressing [24] Potential Senate Run - There is consideration for a potential run for Senate in North Carolina, driven by the need to maintain a Republican seat [25][27]

Market & Economic Outlook - President Trump's tax bill faces challenges in the House after a narrow Senate passage, potentially delaying the president's deadline [1] - Unexpected decline in private payrolls reported by ADP in June raises concerns about the economy's strength and consumer confidence [1] - Wall Street Journal's Nick Timiraos discusses the outlook for potential Federal Reserve rate cuts in light of the weak ADP report [1] Resources & Information - Yahoo Finance provides free stock ticker data, news, and portfolio management resources [1] - Yahoo Finance app available on Apple (https://apple.co/3Rten0R) and Android (https://bit.ly/3t8UnXO) [1] - Stay updated with Yahoo Finance on social media platforms like X, Instagram, TikTok, Facebook, and LinkedIn [1]

Market Focus - Traders are closely monitoring the tax bill and jobs data [1]

Here’s What The Senate Budget And Tax Bill Means For Colleges https://t.co/XKpeOTRMlP https://t.co/QsD71qK8iX ...

DANI: HERE IS WHAT YOU NEED TO KNOW. THE PRESIDENT TRUMP'S TAX BILL FACES REPUBLICAN RESISTANCE WITH A VOTE SCHEDULED TODAY. NO DELAY THE PRESIDENT SELECT -- STICKS TO HIS JULY 9 TARIFF DEADLINE THREATENING JAPAN WITH LEVEES UP TO 35% AND THE BIGGEST BANKS ON WALL STREET BOOST THEIR DIVIDENDS AFTER PASSING DEFENSE STRESS TESTS.MOMENTUM STARTS TO WANE. ALL-TIME HIGHS AND THEN WE FELL YESTERDAY. A BIG ROTATION INTO VALUE STOCKS THAT CONTINUES INTO THE FUTURE SESSION THIS MORNING.S&P HIGHER BY ABOUT 1/10. RUSS ...

The big, beautiful bill hitting some resistance in the House as lawmakers returned to Washington to vote on the Senate's version of the legislation. Joining us now from Washington is Bloomberg's Tyler Kendal. Now, Tyler, Speaker of the House Mike Johnson making this sound quite straightforward.I imagine this is not going to be straightforward through the next 24 hours. Yeah. Hey, Jon.Good morning. This is by no means a done deal, but we are only expecting President Trump to ramp up the pressure from here, w ...

Tax Bill Hits Republican Resistance, President Trump's Tariff Threats Continue and Banks Boost Payouts After Lighter Fed Stress Test. Get all the news you need to start your day on the Bloomberg Daybreak podcast https://t.co/h1KWfM4nSG ...

Here’s What The Senate Budget And Tax Bill Means For Collegeshttps://t.co/BJEw8afctv https://t.co/pGFruFN1el ...

Tax Policy Changes - The report breaks down key provisions in the latest version of Trump's tax bill [1] - The tax bill includes changes to the SALT cap, business breaks, and Medicaid cuts [1]

The tax bill's passage is a major political victory for Donald Trump, but it also poses risks for him and Republicans facing reelection next year as polling suggests the legislation isn't popular with voters https://t.co/5zMxTfmUN4 ...