On Capitol Hill, senators are debating President Trump’s 940-page so-called big, beautiful bill following an all-night session that stretched into Monday morning. Republicans are racing to meet a Trump-imposed July 4 deadline to sign the package into law. The Senate Republican version of the legislation makes deeper cuts to Medicaid and healthcare, with the Congressional Budget Office estimating some 11.8 million people will lose coverage as Republicans propose more than $1 trillion in cuts to Medicaid alone. The CBO also warns the current bill will increase the U.S. national debt by an estimated $3.3 trillion over the next decade. Meanwhile, the legislation not only ends subsidies for renewable power sources but would see a new tax applied to solar and wind projects. Senator Bernie Sanders spoke out against the bill in a social media post Sunday.
Sen. Bernie Sanders: “It is really quite disgusting that you give tax breaks to people who don’t need it, you throw 16 million people off the healthcare that they have, you cut nutrition programs for hungry kids, you make it harder for working-class young people to afford to go to college. This is really an obscene piece of legislation.”
We’ll have more on the Republican budget reconciliation bill after headlines.