A monumental $3.3 trillion tax and immigration bill, President Trump's top legislative priority, is teetering on the brink in Congress. Despite a marathon overnight session, Senate Republicans are still scrambling for the votes needed to pass the measure by a self-imposed July 4th deadline. #CongressCrisis #MedicaidCuts #NationalDebt
00:00A monumental $3.3 trillion tax and immigration bill.
00:05President Trump's top legislative priority is teetering on the brink in Congress.
00:11Despite a marathon overnight session, Senate Republicans are still scrambling for the votes needed to pass the measure by a self-imposed July 4th deadline.
00:20The bill aims to raise the debt limit, extend Trump-Pierre tax cuts, drastically cut Medicaid, and other health care programs by over $1.1 trillion and funnel billions into immigration, enforcement, and defense.
00:36The Congressional Budget Office estimates it will increase the national debt by dollar $3.3 trillion over the next decade and could strip nearly 12 million people of their health insurance.
00:47Republicans can only afford to lose three votes in the Senate.
00:52Key holdouts like Senator Tom Tillis, Senator Susan Collins, and Senator Rand Paul have voiced significant concerns, primarily over the Medicaid cuts and the substantial increase in the national borrowing limit.
01:05Efforts to appease wavering senators, such as Senator Lisa Murkowski, included special carve-outs for Alaska that were ultimately removed by the Senate parliamentarian.
01:15The bill's passage remains uncertain, highlighting deep divisions within the Republican Party on fiscal responsibility and the scope of government spending.
01:26Elon Musk, a former White House advisor now critical of the bill, has vowed to campaign against Republicans who support it, further complicating the political landscape for incumbents.
