Republicans Triumph as House Passes Trump’s Megabill
P.M. Edition for July 3. House Republicans overcame some lawmakers’ resistance to narrowly pass the tax-and-spending bill ahead of President Trump’s July 4 deadline. WSJ reporter Jasmine Li discusses what’s in the final bill. Plus, U.S. stocks notch another closing high after the Labor Department’s June jobs report came in stronger than expected. We hear from WSJ investing columnist Spencer Jakab about what the report says about the economy, and what’s now on Fed officials’ minds ahead of their meeting later this month. And Journal science reporter Nidhi Subbaraman tells us how Harvard is already preparing to fill the gaps in its budget left by a loss of federal funding. Alex Ossola hosts.
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Megabill Set for Final Vote as GOP Holdouts Relent
A.M. Edition for July 3. President Trump’s tax-and-spending package is on course for a final House vote after Republican leaders overcome resistance from a handful of rank-and-file members. The WSJ’s chief economics commentator Greg Ip breaks down how the law could affect the national debt. Plus, the Pentagon estimates its attack on Iran set back the country’s nuclear program by up to two years. And we head to Wimbledon to find out why marquee sports events have become showrooms for Big Tech. Luke Vargas hosts.
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Is the U.S. Job Market Weaker Than It Looks?
P.M. Edition for July 2. The U.S. has been adding jobs at a respectable clip, though the pace has been slowing. But WSJ economics reporter Justin Lahart reports that the labor market is showing other signs of softness. Plus, Tesla reports disappointing second quarter numbers, following months of declining sales. WSJ reporter Becky Peterson discusses why investors are still optimistic about the company. And Sean “Diddy” Combs was found not guilty of racketeering and sex trafficking but was convicted of less serious offenses. Alex Ossola hosts.
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House GOP Threaten to Sink Trump Megabill
A.M. Edition for July 2. A day after its passage in the Senate, House Republicans are lining up to oppose the president’s “big, beautiful bill,” with fiscal conservatives and centrists leading the charge. Plus, Trump threatens Japan with tariffs as high as 35% ahead of a looming deadline to complete trade talks. And the U.S. stops delivery of key weapons for Ukraine as Moscow keeps up punishing air attacks. WSJ foreign correspondent Ian Lovett discusses the state of play as the war enters its fourth summer and what a pullback in foreign support might mean for Ukraine. Luke Vargas hosts.
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Trump’s Tax and Spending Megabill Goes to House Ahead of July 4 Deadline
P.M. Edition for July 1. After an all-night session of dealmaking, Senate Republicans pushed through the bill, which addresses many of President Trump’s priorities. Now, as WSJ tax policy reporter Richard Rubin tells us, the bill heads to the House, where GOP leaders will have to move quickly to meet their July 4 deadline. Plus, Federal Reserve Chair Jerome Powell said solid economic activity is allowing the Fed to keep its wait-and-see stance. And the companies behind popular snack brands are adding more, smaller packaging sizes. We hear from reporter Jennifer Williams about the upsides and potential downsides of the move. Alex Ossola hosts.
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What's News brings you the biggest news of the day, from business and finance to global and political developments that move markets. Get caught up in minutes twice a day on weekdays, then take a step back with our What’s News in Markets wrap-up on Saturday and our What’s News Sunday deep dive.
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