The Senate is moving towards setting up President Donald Trump’s tax plans and other domestic spending priorities, but is facing internal divisions within the GOP over the strategy on tax cuts and potential cuts to Medicaid. Some Republicans are concerned about the budget change used to give a zero-dollar price tag to extending Trump’s tax cuts, which are estimated to cost $4.6 trillion over a decade.
Meanwhile, Trump’s tariffs have raised questions about their impact on the economy, including explanations to the public, economic fallout, and when Americans will benefit. The administration has yet to lay out a clear timeline for these benefits, with uncertainty surrounding potential price hikes and market disruptions.
In other news, Trump has extended the deadline for TikTok’s owner to find a non-Chinese buyer, and a court ruling in North Carolina may impact the contested race for the state Supreme Court. Additionally, the National Security Agency saw the ousting of its top officials, and further exits at the Food and Drug Administration could affect the agency’s ability to approve new vaccines and drugs.
A reader question about Elon Musk’s role in government was addressed, revealing that he is a “special government employee” without a salary, brought in to provide expertise on a part-time basis. Musk is required to follow conflict-of-interest rules and work for a limited number of days in a year.
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