Trump's Deadline Duel: Capitol Hill Under Pressure

Money Explainers

Will Congress meet Trump's July 4th deadline? The pressure is on as lawmakers are barred from vacation until the "big, beautiful bill" passes. Discover the stakes for the national debt and key policy areas. #TrumpDeadline #CongressInSession #BigBeautifulBill

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00:00President Trump has declared war on summer vacation, ordering Congress to remain in Washington until his big

00:06beautiful bill is passed. With the July 4th deadline looming, the pressure is immense.

00:13Senate Majority Leader John Thune echoed the sentiment, stating failure is not an option.

00:19The pressure is on as lawmakers are barred from vacation until the big beautiful bill passes.

00:25Discover the stakes for the national debt and key policy areas. This high-stakes environment raises

00:31questions about how political rhetoric impacts workplace decisions and urgency. House Speaker

00:37Mike Johnson aims for deeper cuts than the proposed $1.50 to $2 trillion, striving to tackle the

00:45national debt, which recently surged past $36.2 trillion. Trump touts the bill as a historic

00:53present for America, promising unprecedented safety, security, and prosperity as the nation

01:00approaches its 250th birthday. However, projections estimate the bill could add $3 trillion, or even

01:08$5 trillion if made permanent, to the national debt. The nonpartisan Congressional Budget Office warns of

01:16a $2.4 trillion increase in primary deficits over 10 years. This massive spending package aims to address

01:23tax policy, border security, immigration, defense, energy production, the debt limit, and adjustments

01:32to SNAP and Medicaid. The urgency is clear, but the path to a deal remains contentious, with the nation's

01:39financial future hanging in the balance. Money Explainers

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