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Tax bill awaits final House vote, tariff pause nears: Market Catalysts
Yahoo Finance· 2025-07-03 17:46
On today’s Market Catalysts, host Julie Hyman covers key trending stories on Thursday, July 3. Yahoo Finance Washington Correspondent Ben Werschkul joins the show to discuss the latest on President Trump's tax bill, which is awaiting its final vote in the House as House Minority Leader Hakeem Jeffries delays the vote with his speech. Former Congressman Kevin Brady, architect of the 2017 Tax Cuts and Jobs Act, shares his insights on the bill's impact on Medicaid and US economic growth. Wells Fargo Investment ...
Watch CNBC's full interview with U.S. Treasury Secretary Scott Bessent
CNBC Television· 2025-07-03 16:50
The so-called big beautiful bill facing a final house approval vote in the coming hours. Joining us now is Treasury Secretary Scott Bessant. Mr.. Secretary, thank you so much for joining us. We're we're going on more than six hours now where Minority Leader Jeff is speaking. What What are you hearing.What's your expectation for when and whether this could pass. Uh, well, it's going it's going to going to pass and my expectation is that we'll get a vote around 130 today. Got it.You have said that this isn't ...
Treasury Secretary Scott Bessent: I expect we'll get a bill vote around 1;30pm today
CNBC Television· 2025-07-03 16:45
The so-called big beautiful bill facing a final house approval vote in the coming hours. Joining us now is Treasury Secretary Scott Bessant. Mr.. Secretary, thank you so much for joining us. We're we're going on more than six hours now where Minority Leader Jeff is speaking. What What are you hearing.What's your expectation for when and whether this could pass. Well, it's going it's going to going to pass and my expectation is that we'll get a vote around 1:30 today. Got it.You have said that this isn't a d ...
X @The Economist
The Economist· 2025-07-03 16:40
The big beautiful bill would have serious consequences for the American economy. It would extend lavish tax cuts, slash health care for the poor, boost defence spending—and add an estimated $4.5trn to the public debt https://t.co/8nPekT0Z4t ...
Megabill will make families 'go hungry so Musk can get another jet': Dem lawmaker
MSNBC· 2025-07-03 16:02
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 ...
Here's who will benefit from President Trump's tax bill
CNBC Television· 2025-07-03 14:54
Let's talk about the implications particularly on the tax side of this bill. Who's going to gain the most from it. Joining us, Robert Frank, here at Post 9 with some of those details.Robert, what what jumps out to you. Who's going to be the big beneficiaries. Well, the big beneficiaries, the ones who usually benefit, those those toward the top.In fact, about 80% of the benefits of this bill go to the top 10% of earners. Now, while the tax cuts by themselves help every income group, I want to be clear here, ...
President Trump mega bill clears key hurdle
CNBC Television· 2025-07-03 14:46
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 ...
'Truly immoral' legislation: House Dem rails against tax cuts in spending bill
MSNBC· 2025-07-03 13:52
One of the Democrats who spoke out overnight on the House floor was Congressman Brendan Bole of Pennsylvania. He's the ranking member of the budget committee. Here's a bit of what he had to say.The decision we have been entrusted by the American people to make will have ramifications for millions of our fellow Americans and indeed for our country for decades to come. There may not be a lot of people able to watch at 4:05 in the morning, but in just a few short hours, some of them on Medicaid will be waking ...
Miran Says Jobs Report Shows US Economy Normalizing
Bloomberg Television· 2025-07-03 13:49
When we see such a positive jobs report, 147,000 jobs and a lower unemployment level, what is this. What is driving this. Good morning.Thanks for having me. Look, you know, as you said a moment ago, you know, this report was better than 78 out of the 79 forecasts that came into into the Bloomberg consensus range, the Bloomberg forecast. And so what we see is an economy that continues to defy it, continues to defy expectations, continues to defy, you know, all the doom and gloom that's out there, whether it' ...
Rep. Ro Khanna: Trump's bill will add $4 trillion to national debt, take deficit to 8% of GDP
CNBC Television· 2025-07-03 12:52
pulling a bit of a Cory Booker the last couple of hours. We'll see when that finishes. Congressman Ro Khanna of California has been listening to Hakeem Jeffries, the minority leader, but just popped out for Squawk Box.Good morning to you, sir. >> Good morning. It's been a long night. >> It's been a long night.You're on the losing end of this situation. What do you think the implication is here. >> There are two major problems I have with the bill.One that Larry Summers and Bob Rubin pointed out. This bill i ...