Market Trends - Bitcoin hits a new high of $113,000 [1] - Bitwise Asset Management CIO believes Bitcoin could reach $200,000 [1] Economic/Political Impact - Senior columnist Rick Newman explains how the wealthy will benefit from President Trump's 'big beautiful bill' [1] Yahoo Finance Resources - Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, and advanced tools [1] - Yahoo Finance encourages users to download their app on Apple and Android [1] - Yahoo Finance encourages users to follow them on social media platforms like X, Instagram, TikTok, Facebook, and LinkedIn [1]

Bill Impact & Concerns - Republicans are concerned that the focus on Medicaid cuts, amounting to $1 trillion, overshadows the perceived benefits of the bill, such as extending the 2017 tax cuts [2] - A significant portion of Americans may not experience noticeable changes from the tax provisions, leading to concerns about the bill's impact [4][8] - Democrats risk losing momentum if they cannot sustain focus on the bill's perceived negative aspects, especially amidst other news [4] - The bill's Medicaid cuts and certain tax provisions have deadlines, potentially creating vulnerabilities for Republicans in future elections [13][14] - The primary concern is affordability, not tax rates, suggesting that the bill's impact on people's budgets is a key issue [15] Political Landscape & Strategy - The midterm elections typically favor the party not holding the presidency, posing challenges for Republicans [7] - Democrats are focusing on the potential job losses and economic hardship in specific states like Virginia, linking them to the current administration's policies [10][11] - There's an opportunity for moderate candidates who can appeal to independents, moderate Republicans, and moderate Democrats [16][19] - The actions of Elon Musk, including his potential involvement in funding candidates or creating a third party, could impact the political landscape [21][25] - Voters are seeking alternatives to traditional parties and candidates, indicating a desire for change and populism [23][26] Economic Factors - The economy's performance, including inflation and cost of living, will significantly influence the bill's perception and political outcomes [5][6]

Legislation & Policy - The bill includes a provision to expand funding for victims of nuclear waste [2] - Senator Hawley aims to ensure certain Medicaid cuts never take effect, despite voting for the bill [2][3] - The bill delays Medicaid cuts affecting Missouri until the 2030s [3][4] - Missouri is expected to receive $1 billion in increased rural hospital funds [4] Political Implications - Senator Hawley's vote was crucial for the bill's passage [7] - Republicans may face criticism for voting on a bill that could negatively impact rural hospitals [7][8] - The senator is facing scrutiny for voting for the bill while expressing opposition to its cuts to rural hospitals [9][10] Healthcare & Funding - The bill slashes rural hospital funding and healthcare funding [12] - Critics argue that tax cuts for billionaires and multinational corporations are linked to the slashing of healthcare spending [13][16] - Amendments could have been proposed to prevent healthcare cuts [15]

Tax Policy & Economic Impact - The 2017 Tax Cut and Jobs Act included progrowth elements through redesigning the tax code [5] - The corporate tax rate cut was considered a thoughtful and well-done aspect of the 2017 tax law [3] - Individual tax provisions were temporary due to affordability and lower priority for economic growth [3] - Letting the 2017 tax cuts expire would have resulted in a tax hike for everyone [6] Bipartisan Elements & Middle Class Tax Cuts - The middle class tax cuts, Main Street 20% tax deduction, and child tax credit were intended to be bipartisan [5] - A significant portion of tax cuts will accrue to those who pay taxes [5] Medicaid & Social Safety Net - Dramatic cuts to Medicaid could increase the number of uninsured by 12 million [8] - Medicaid is considered a cost-effective program because it pays providers so little [10] - Philosophical opposition exists to leaving individuals without treatment, suggesting upfront insurance coverage is preferable [11][12]

Healthcare Bill Impact - The bill is unpopular with Americans, with polls showing Republicans "underwater" on the issue [8] - The bill includes Medicaid cuts that are expected to cause hospital closures and have real-world effects [5] - Republicans are budgeting for people to be kicked off Medicaid to pay for tax cuts [2][13][14] - Work requirements for Medicaid eligibility are included, but their effectiveness and factual basis are questioned [2][6][7] Economic and Fiscal Implications - The bill is expected to increase debt and deficit [3][5] - Republicans argue that continuing tax cuts are critical for economic growth [9] - Democrats are labeling the bill as a cut to healthcare with tax cuts for the rich, increasing the debt [12] - The bill lacks fundamental reform in the healthcare system, focusing on cuts rather than improving health outcomes [17][21] Political Landscape - Democrats are likely to win the House in the midterm elections, partly due to the unpopularity of the bill [11][12] - Republicans face the challenge of countering the Democrats' narrative that the bill takes away healthcare [10] - The bill started as a tax policy exercise but became a healthcare conversation, for which Republicans were unprepared [24]

It was one in the morning when Trump was still watching the vote on the "Big, Beautiful" bill in the White House . This was to stop the "Big, Beautiful" bill. The Democratic leader Hakim spoke for 8 hours and 44 minutes in the House of Representatives until his voice was hoarse. "(I hope my Republican colleagues) can come to a conclusion" "That is, we serve the American people." After a fierce game, the bill was finally passed . Trump got what he wanted with "218 to 214 votes." "Motion passed", what exactly ...

President Donald Trump signed his $3.4 trillion budget bill into law Friday, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funding to crack down on illegal immigration. https://t.co/c0r2sVAlrN ...

President Donald Trump signed his $3.4 trillion budget bill into law Friday, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funding to crack down on illegal immigration: https://t.co/hNpGNH9gZF https://t.co/XJwyesV6Dh ...

Political Landscape & Protests - Protests against the Trump administration have tripled compared to the same period in 2017 [5] - Democrats in Congress have a 30% favorable impression and a 62% unfavorable opinion, leaving them underwater by more than 30 points [6] - The progressive caucus is launching an accountability summer after the passage of the "big billionaires bill" [8] Legislative Impact & Healthcare - The new bill cuts taxes for billionaires and Medicaid, while increasing funding for ICE [3] - The bill is considered worse than previous tax bills, negatively impacting working-class individuals by taking away healthcare and food security [9] - Ending ACA subsidies will increase premiums for those on the Affordable Care Act, and hospitals anticipating Medicaid cuts will raise prices for private insurance [14] Midterm Elections & Accountability - Key districts with large Medicaid recipient populations are targeted for accountability efforts [13] - Several Senate seats are considered competitive, including those in Texas, Iowa, and Nebraska [16][19] - The Democratic message should focus on opposing the transfer of healthcare and food assistance from the working class to provide tax breaks for billionaires [20]

President Donald Trump signed his $3.4 trillion budget bill into law Friday, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funding to crack down on illegal immigration. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and ...