00:00A long night of tensions in the US Senate, ending with a 51 to 49 vote which pushed Donald Trump's proposed spending bill to the next stage.
00:10The US president hailed the victory after lashing out on social media at delays and threatening two Republican senators who joined the Democrats in voting against it.
00:21Tonight we saw a great victory in the Senate with the great big beautiful bill. I'm proud of them all and look forward to working with them.
00:30Trump's big beautiful bill, as he calls it, proposes a reduction in taxes on social security income, stricter eligibility requirements for the Medicaid program providing health care for elderly, disabled and low-income Americans, an increased deduction cap on state and local taxes, and Trump's signature campaign promise an end to tax on tips and overtime pay.
00:53It would also boost spending on military and border security.
00:57The Joint Tax Committee warns that the tax cuts would, however, reduce government revenue by over $4.5 trillion over the next 10 years, increasing the $36.2 trillion US debt by $5 trillion, which had caused tensions between Elon Musk and Donald Trump before the two fell out.
01:17The Democrats have criticized the bill, fearing that the tax cuts would benefit the wealthy at the expense of the social programs for lower-income families.
01:26Senate Republicans are scrambling to pass a radical bill, released to the public in the dead of night, praying the American people don't realize what's in it.
01:37If Senate Republicans won't tell the American people what's in this bill, then Democrats are going to force this chamber to read it from start to finish. I object.
01:47If the Senate passes the bill, the legislation will go to the House for a final vote before being sent to the White House. Republican senators are using their majorities in Congress to push aside Democratic opposition in their race to pass it ahead of the 4th of July deadline and get it signed into law.
