President Donald Trump's 'One, Big Beautiful Bill' is a sprawling megabill that includes a projected $4 trillion in tax cuts at the expense of many government program, such as Medicare, Medicaid and food stamp programs.

The bill continues tax cuts from President Trump's first stint in the White House, funds his border wall plan, and increases defense spending. The associated fiscal impact of this is offset by reducing federal support for key components of the social safety net,

Trump speaks with Putin about Ukraine in high-stakes call It comes after the Trump administration suspended shipments of some key weapons to Ukraine. July 3, 2025