Good evening from New York. I'm Chris Hayes. Well, Donald Trump got his bill.It's unclear whether he understands what's in it, but he got his bill. Republicans got on board. And now all that is left for those opposed to this monstrosity is to make the Republicans who voted for it pay a political price.Just hours ago, House Republicans voted by a very thin margin to approve Donald Trump's deficit busting, Medicaid slashing omnibus MAGA bill. Trump's expected to sign it into law tomorrow, the 4th of July, in ...

So far, though, it looks like we're going to boost deficits up to 7%. And you ran on this three, three, three plan. 3% deficit, 3% economic growth and 3 million barrels of oil, an increase of 3 million barrels of oil a day in the U.S..Do you expect to get to that by the end of President Trump's term. I do, and I'm not sure where the 7% number is coming from. Right.Because I reject the CBO scoring. But on the other side, the CBO also scored terrible income at 2.8% trillion. So, you know that that's substanti ...

🇺🇸 JUST IN: Treasury Secretary Bessent says the Big Beautiful Bill “will pass” with a vote expected at 1:30 PM, dismissing CBO’s $1T deficit forecast as inaccurate. https://t.co/I7ylBTSYMj ...

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 ...

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 ...

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 ...

Market & Economic Outlook - The bond market has largely priced in the current fiscal situation, suggesting that a massive bond bearish environment may be overstated [1] - The US is perceived to be moving towards fiscal consolidation, despite consensus views to the contrary [1] - The market is pushing for rate cuts, influenced by factors such as the labor market and potentially President Trump [3] - Dollar decline tends to be stimulative for the economy [3] Fiscal Policy & Deficit - The recent bill is expected to slightly increase the deficit over the next 10 years, but the impact may be offset by revenue from tariffs [1] - Extending the 2017 tax cut is estimated to cost $4.5 trillion and is not considered particularly stimulative [1] - Post-pandemic US fiscal spending was unprecedented, matching levels during World War II and exceeding other major economies by four times [1] Monetary Policy - The Fed potentially has 450 basis points worth of cuts to enact [4] - The market may respond more to anticipated future actions (the "shadow chair") than to the current Fed chair's actions [5] US vs UK - The US differs from the UK due to a wider international appetite for US bonds, contingent on trade negotiations [1]

Uh what can you tell us. What have we learned so far. Hey Kelly.Well, things are not looking great at this exact moment. So basically what house uh the House is doing right now is they are doing a vote. This is a three vote series that will ultimately tee up the the the process that will need be needed to then actually pass the Trump mega bill.So it's the vote before the vote. And what we're seeing right now is that there is a delay on the House floor at this point. 16 Republicans have not yet registered to ...

Legislation & Policy - The Senate passed a bill with a 51-50 vote, using budget reconciliation to bypass the 60-vote threshold [1] - Budget reconciliation requires the bill not to increase the deficit outside a 10-year window [1] - The bill extends tax cuts from 2017, which previously expired to comply with the 10-year window [2] - Concerns arise as the bill cuts taxes more than it cuts spending, potentially violating budget reconciliation rules [2] Financial Implications & Accounting - The bill's math relies on a 2025 baseline, when 2017 tax cuts are still in effect [3] - Republicans claim the bill will reduce the deficit by $57 billion over 10 years through tax cuts and Medicaid reforms [3] - Critics argue that the bill uses "fake math and accounting gimmicks" to conceal its true cost [4]

Important point — Dogecoin Deficit: 0 forever.. never tethered.REDWRITER (@The_REDWRITER):America's deficit increase is bad for the dollar, and by extension, beneficial for Dogecoin.Dogecoin has no debt. Dogecoin's minting (printing) is fixed and not infinite. Dogecoin isn't backed by a single state or entity. It belongs to everyone and anyone. ...