EUR/USD surge slows down at multi-year peak due to tax bill and rising yields
The EUR/USD has dipped from 1.1830 as the US tax bill moves past the Senate and the Treasury experiences a rebound. Recent US data seems to back the Fed’s cautious approach. Powell remains undecided about a rate cut in July. ECB’s De Guindos indicated that EUR/USD exceeding 1.2000 could complicate matters. Economic data from the […]
Approval of Major Bill Realizes ‘Fifty-Year Dream’ for Border Security
Trump’s “One Big Beautiful Bill” Aims for Permanent Border Security President Donald Trump has introduced what’s being called the “One Big Beautiful Bill,” which aims to provide long-term funding for border security against illegal entry. Stephen Miller stated on Tuesday that this legislation represents “50 years of hopes and dreams for the American people to […]
Murkowski confronts reporter who asks about her vote on the Trump spending bill
Sen. Lisa Murkowski Faces Tough Questions After Supporting Spending Bill Alaska Republican Senator Lisa Murkowski experienced a heated exchange with NBC News reporter Ryan Nobles following her approval of the “One Big Beautiful Bill” (OBBB) on Tuesday. This spending bill, backed by President Donald Trump, amounts to $3.3 trillion. After the vote, Nobles approached Murkowski […]
Trump Calls on House GOP to Come Together for a Significant, Impressive Bill
Trump Urges House Republicans to Support Senate Bill On Tuesday, President Donald Trump called on House Republicans to rally behind the substantial bill recently passed by the Senate. In his appeals, Trump emphasized the need for unity, arguing that this legislation transcends party lines and belongs to all Americans. “Almost every major Republican in the […]
Trump’s ‘Big Beautiful Bill’ Cuts Medicaid Support for Undocumented Immigrants
The GOP Expense Bill’s Impact on Medicaid Access for Immigrants The GOP’s recent spending bill notably excludes approximately 1.4 million undocumented immigrants from the Medicaid program, despite some confusion stemming from Senate votes. Senator Eric Schmidt (R-MO) addressed the misunderstanding, stating, “Many rumors circulated yesterday regarding the Medicaid ban for illegal aliens being removed from […]
Speaker Johnson: Bad weather is ‘part of the issue’ for House votes on the large bill
Speaker Mike Johnson (R-La.) remarked that the inclement weather in Washington, D.C., is contributing to the challenges House Republicans are facing as they work to expedite “big and beautiful bills” this week. The House is set to convene for a procedural vote at 9 a.m. EDT on Wednesday regarding GOP tax cuts and spending legislation. […]
Trump and Musk’s conflict resurfaces over the ‘big, beautiful bill’
The ongoing feud between President Trump and billionaire Elon Musk reignited with Trump’s proposed “big, beautiful bill,” aimed to be finalized by Congress before Independence Day. Musk expressed his support for key challengers against Republicans backing Trump’s massive proposal and pledged donations to lawmakers like Rep. Thomas Massey, who previously irked the administration. In response, […]
House Conservatives Quickly Reject Senate Version of Major Bill
House Republicans are expressing skepticism about President Trump’s ambitious bill after it successfully passed through the Senate on Tuesday morning. Right away, some conservative representatives raised red flags about tax and immigration amendments that the Senate made. They quickly criticized the end of the Green Energy Tax Credit, claiming it strayed from the fiscal guidelines […]
Scott Jennings Points Out That Bill Clinton Supported Work Requirements for Medicaid
Republican Strategist Critiques Medicaid Reforms On Tuesday, Republican strategist Scott Jennings pointed out that Paul Vegara, a former civil servant from the Clinton administration, had previously advocated for job requirements for Medicaid recipients. The Senate passed a significant settlement bill that day with a narrow 51-50 vote, a decision that Vice President J.D. Vance cast […]
What the Senate Altered in the ‘Significant, Attractive’ Bill
Senate Passes Trump’s Budget Bill After Lengthy Negotiations The Senate approved President Donald Trump’s extensive budget law, dubbed “One Big, Beautiful Bill,” early Tuesday morning, after hours of negotiations over the nearly 1,000-page document. Some Republican senators, including Lisa Markowski from Alaska and Susan Collins from Maine, pushed for amendments related to Medicaid regulations and […]