logo
‘Great victory': Trump hails passage of ‘Big, Beautiful bill' in US Senate with narrow margin

‘Great victory': Trump hails passage of ‘Big, Beautiful bill' in US Senate with narrow margin

Indian Express21 hours ago

US President Donald Trump hailed the passage of the 'big, beautiful bill' in the Senate as 'great victory' after the Republicans sailed the bill with a narrow margin of 51-49 as they race to meet the president's deadline of July 4 for the passing of the bill in the House.
The narrow tally of 51-49 came in a special session of the Senate called on Saturday, with Vice President JD Vance at the US Capitol to break a potential tie. Voting in the Senate brought everything to standstill as tense Senators huddled for negotiations, and took private meetings off the floor in order for the bill to pass. At the end of it all, two Republicans opposed the motion to proceed and joined the Democrats.
Trump, in a post on Truth Social, praised the Republican senators for backing the bill. 'Tonight we saw a GREAT VICTORY in the Senate with the 'GREAT, BIG, BEAUTIFUL BILL,' he wrote. Trump further added 'Republican Patriots who voted for the Bill, are people who truly love our Country! As President of the USA, I am proud of them all, and look forward to working with them.'
'VERY PROUD OF THE REPUBLICAN PARTY TONIGHT. GOD BLESS YOU ALL!' –President Donald J. Trump pic.twitter.com/15E3zWD9aX
— The White House (@WhiteHouse) June 29, 2025
In his post, Trump listed out the features of the 'big, beautiful bill' which includes growing the economy, reducing wasteful spending, securing borders, fighting for the military, ensuring that the Medicaid system helps those who truly need it, and protecting the second amendment.
The Republicans have been using their razor thin majority in the Congress to push aside Democratic opposition and pass the 'big, beautiful bill' but the party has run into troubles due to political and policy setbacks. Due to proposals such as reducing spending on Medicaid, food stamps and other programs to cover the cost of extending $3.8 trillion in Trump tax breaks, not all GOP leaders are on board with President Trump's agenda.
Senate Majority Leader John Thune, ahead of the voting, said 'It's time to get this legislation across the finish line.' The bill has received criticism from billionaire entrepreneur and Trump's former advisor Elon Musk who called the 94-page revised version of the bill as 'utterly insane and destructive.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold falls to one-month low as trade optimism spurs risk appetite
Gold falls to one-month low as trade optimism spurs risk appetite

Economic Times

time28 minutes ago

  • Economic Times

Gold falls to one-month low as trade optimism spurs risk appetite

Gold prices declined to a one-month low. This happened because of reduced trade tensions between the United States and China. Synopsis Gold prices experienced a decline, reaching a more than one-month low due to easing U.S.-China trade tensions, which diminished safe-haven demand and encouraged investors to shift towards riskier assets. Adding to the market dynamics, President Trump's trade actions with Canada and comments on Federal Reserve interest rates influenced investor sentiment. Gold prices fell to their lowest in more than a month on Monday as easing trade tensions between U.S. and China dampened safe-haven demand and prompted investors to pivot toward riskier assets. ADVERTISEMENT * Spot gold was down 0.3% at $3,264.64 per ounce, as of 0055 GMT, after hitting its lowest level since May 29. * U.S. gold futures fell 0.4% to $3,275.30. * Asian shares firmed on Monday, while the benchmark 10-year Treasury yields edged higher. * The United States and China have resolved issues surrounding shipments of rare earth minerals and magnets to the U.S., Treasury Secretary Scott Bessent said on Friday, adding the Trump administration's various trade deals with other countries could be done by the Sept. 1 Labor Day holiday. * Meanwhile, U.S. President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting U.S. technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week. * The ceasefire between Iran and Israel after a 12-day conflict also appeared to be holding, further reducing safe-haven demand. ADVERTISEMENT * Stable geopolitical and economic conditions often reduce demand for gold as a safe-haven asset, while non-yielding bullion's appeal further wanes in a high-interest-rate environment. * Trump said on Friday he would not appoint anyone to head the U.S. Federal Reserve who would not lower interest rates. ADVERTISEMENT * Elsewhere, Senate Republicans pushed forward President Trump's sweeping tax cut and spending bill on Sunday in a marathon weekend session even as a nonpartisan forecaster said it would add an estimated $3.3 trillion to the nation's debt over a decade. * Spot silver was down 0.4% at $35.84 per ounce, platinum firmed 0.4% to $1,344.63, while palladium fell 0.6% to $1,127.23. DATA/EVENTS (GMT) 0600 UK GDP QQ, YY Q1 1200 Germany CPI Prelim YY June 1200 Germany HICP Prelim YY June. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY

Iran nuclear programme set back years with strikes: CIA chief to lawmakers
Iran nuclear programme set back years with strikes: CIA chief to lawmakers

Business Standard

time28 minutes ago

  • Business Standard

Iran nuclear programme set back years with strikes: CIA chief to lawmakers

Ratcliffe also told lawmakers that the intelligence community assessed the vast majority of Iran's amassed enriched uranium likely remains buried under the rubble at Isfahan and Fordow AP Washington CIA Director John Ratcliffe told skeptical US lawmakers that American military strikes destroyed Iran's lone metal conversion facility and in the process delivered a monumental setback to Tehran's nuclear programme that would take years to overcome, a US official said on Sunday. The official, who spoke on the condition of anonymity to discuss the sensitive intelligence, said Ratcliffe laid out the importance of the strikes on the metal conversion facility during a classified hearing for US lawmakers last week. Details about the private briefings surfaced as President Donald Trump and his administration keep pushing back on questions from Democratic lawmakers and others about how far Iran was set back by the strikes before last Tuesday's ceasefire with Israel took hold. It was obliterating like nobody's ever seen before, Trump said in an interview on Fox News Channel's "Sunday Morning Futures". "And that meant the end to their nuclear ambitions, at least for a period of time. Ratcliffe also told lawmakers that the intelligence community assessed the vast majority of Iran's amassed enriched uranium likely remains buried under the rubble at Isfahan and Fordow, two of the three key nuclear facilities targeted by US strikes. But even if the uranium remains intact, the loss of its metal conversion facility effectively has taken away Tehran's ability to build a bomb for years to come, the official said. Rafael Grossi, head of the International Atomic Energy Agency, said Sunday on CBS' Face the Nation that the three Iranian sites with capabilities in terms of treatment, conversion and enrichment of uranium have been destroyed to an important degree". But, he added, some is still standing and that because capabilities remain, if they so wish, they will be able to start doing this again". He said assessing the full damage comes down to Iran allowing in inspectors. "Frankly speaking, one cannot claim that everything has disappeared, and there is nothing there," Grossi said. Trump has insisted from just hours after three key targets were struck by US bunker-buster bombs and Tomahawk missiles that Iran's nuclear program was obliterated. His defence secretary, Pete Hegseth, has said they were destroyed". A preliminary report issued by the US Defence Intelligence Agency, meanwhile, said the strikes did significant damage to the Fordow, Natanz and Isfahan sites, but did not totally destroy the facilities. As a result of Israeli and US strikes, Grossi said that it is clear that there has been severe damage, but it's not total damage". Israel claims it has set back Iran's nuclear program by many years". The metal conversion facility that Ratcliffe said was destroyed was located at the Isfahan nuclear facility. The process of transforming enriched uranium gas into dense metal, or metallisation, is a key step in building the explosive core of a bomb. Secretary of State Marco Rubio in comments at the NATO summit last week also suggested that it was likely the US strikes had destroyed the metal conversion facility. You can't do a nuclear weapon without a conversion facility," Rubio said. "We can't even find where it is, where it used to be on the map. You can't even find where it used to be because the whole thing is just blackened out. It's gone. It's wiped out. The CIA director also stressed to lawmakers during the congressional briefing that Iran's air defence was shattered during the 12-day assault. As a result, any attempt by Iran to rebuild its nuclear programme could now easily be thwarted by Israeli strikes that Iran currently has little wherewithal to defend against, the official said. Ratcliffe's briefing to lawmakers on the US findings appeared to mesh with some of Israeli officials' battle damage assessments. Israeli officials have determined that Iran's ability to enrich uranium to a weapons-grade level was neutralised for a prolonged period, according to a senior Israeli military official who was not authorized to talk publicly about the matter. Tehran's nuclear programme was also significantly damaged by the strikes killing key scientists, damage to Iran's missile production industry and the battering of Iran's aerial defence system, according to the Israeli's assessment. Grossi, and some Democrats, note that Iran still has the know-how. You cannot undo the knowledge that you have or the capacities that you have, Grossi said, emphasising the need to come to a diplomatic deal on the country's nuclear programme. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Iran has ‘serious doubts' over ceasefire with Israel, says ready to strike if truce broken
Iran has ‘serious doubts' over ceasefire with Israel, says ready to strike if truce broken

Hindustan Times

time32 minutes ago

  • Hindustan Times

Iran has ‘serious doubts' over ceasefire with Israel, says ready to strike if truce broken

Iran said it is not convinced and has "serious doubts" that a tentative US-brokered ceasefire with Israel will hold, signaling it is ready to strike back if hostilities resume. This handout picture provided by the Iranian foreign ministry shows Iran's Foreign Minister Abbas Araghchi mourning next to the coffin of Iranian Revolutionary Guards commander Hossein Salami, who was killed during Israeli strikes.(AFP) 'We have serious doubts about the enemy's commitment to its obligations, including the ceasefire,' the semi-official Fars News Agency quoted Iran's armed forces chief of staff, Abdolrahim Mousavi, as saying. 'We are prepared to deliver a firm response if aggression is repeated,' Abdolrahim Mousavi added. Mousavi made the comments in a Sunday phone call with Saudi Defense Minister Khalid bin Salman, addressing the fragile truce that began on Tuesday, June 24. The Iran-Israel conflict began on June 13 with Israeli strike that killed several senior Iranian military and nuclear officials, including Mousavi's predecessor — a move that shook global markets and raised fears of regional escalation. Alongside military and nuclear targets, the Israeli strikes also hit civilian areas in Tehran and other cities. The Donald Trump administration later joined the Israeli campaign with its own offensive, bombing three key nuclear sites in Iran— attacks President Donald Trump said had 'completely and totally obliterated' the Iranian atomic infrastructure. Iran-Israel ceasefire On June 24, Donald Trump announced on Truth Social that the two regional foes have agreed truce. Trump's post read: 'CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED! Officially, Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE and, upon the 24th Hour, an Official END to THE 12 DAY WAR will be saluted by the World. During each CEASEFIRE, the other side will remain PEACEFUL and RESPECTFUL. On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, 'THE 12 DAY WAR.' This is a War that could have gone on for years, and destroyed the entire Middle East, but it didn't, and never will! God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!' In another post, Donald Trump said, 'Israel & Iran came to me, almost simultaneously, and said, 'PEACE!' I knew the time was NOW. The World, and the Middle East, are the real WINNERS! Both Nations will see tremendous LOVE, PEACE, AND PROSPERITY in their futures. They have so much to gain, and yet, so much to lose if they stray from the road of RIGHTEOUSNESS & TRUTH. The future for Israel & Iran is UNLIMITED, & filled with great PROMISE. GOD BLESS YOU BOTH!' The ceasefire hit a setback briefly as both Israel and Iran accused each other of violating it, with Israeli strikes targeting Iranian cities again. The ceasefire resumed after Donald Trump's outburst, asking both countries, particularly Israel, to not drop bombs anymore. Iran reported 627 people killed in Israeli attacks, while Israeli emergency services cited 28 deaths and over 1,300 injuries from Iranian strikes. (with inputs from Bloomberg)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store