USGovernment

Senate Republicans are facing an internal deadlock, unable to unify behind Donald Trump’s massive new tax and spending proposal. With less than a month until their self-imposed July 4 deadline, tensions are rising over how to handle a bill that could add $2.4 trillion to the federal deficit over the next decade.
According to The Wall Street Journal, Majority Leader John Thune is trying to push out a new version of the bill, but progress is slow as the GOP fractures over key provisions.
Trump’s so-called “big, beautiful bill” narrowly passed the House in May by just one vote. But in the Senate, Republicans are gridlocked — unable to agree on which federal programs to cut in order to fund Trump’s proposed tax breaks, border security expansion, and military upgrades.

Medicaid, Food Aid, and Energy Tax Credits Spark Division
📌 Main flashpoints:

🔹 Stricter work requirements for Medicaid recipients

🔹 Cuts to food assistance, requiring states to shoulder 5% of the cost

🔹 Rollback of clean energy tax incentives from the Inflation Reduction Act
Senator Lisa Murkowski summed it up: “Everyone’s pulling this Gumby in different directions — we don’t have a unified vision.”
The proposed Medicaid reforms have triggered sharp debate. The Congressional Budget Office warns that the changes could leave 4.8 million people without insurance by 2034. While some Republicans back the move, others worry about impacts on rural hospitals and vulnerable communities.

Tax Showdowns and Lobbying Pressure
More tension surrounds tax relief for businesses. Senator Steve Daines of Montana has drawn a red line: no permanent expensing provision, no support.
Senator John Curtis of Utah slammed the proposed repeal of clean energy incentives, warning it could hurt companies like Fervo Energy, which is building the world’s largest geothermal plant in his state. His colleague Mike Lee and others are angry over proposed changes to the SALT deduction cap — raising it from $10,000 to $40,000 — which they argue disproportionately benefits wealthy blue-state residents.

GOP Infighting Threatens Bill’s Survival
Deep rifts remain between GOP fiscal hawks demanding more cuts, and pragmatists protecting their states' interests. Trump is pressuring lawmakers to pass the bill quickly to showcase strong leadership heading into the election, but some senators remain unconvinced.
“I want Trump to succeed,” said Senator Ron Johnson of Wisconsin. “But I can’t support something that could blow up our budget.”
Without unity, even a few GOP defections could derail the legislation. And if the Senate amends the bill significantly, sending it back to the House could trigger another showdown.
As it stands, Trump’s “beautiful bill” risks collapsing under the weight of its own political contradictions.

#TrumpBill , #TRUMP , #USPolitics , #USGovernment , #worldnews

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While there was no direct conversation between Donald Trump and Elon Musk, their teams engaged in behind-the-scenes negotiations to ease rising tensions. According to Politico, both camps held talks on Friday in an attempt to deescalate the increasingly public and viral feud between the two powerful figures.
🔹 No direct communication occurred between Musk and Trump, but their aides stepped in to try to halt the conflict.
The backchannel efforts briefly paused the wave of viral attacks spreading across Trump’s Truth Social and Musk’s X platform, but the core conflict remains unresolved.

Trump Furious Over Musk: Epstein Mention and Campaign Cash Claims
The tensions escalated after Elon Musk posted a message that infuriated Trump. In it, Musk implied that the former president was connected to the infamous Jeffrey Epstein — the convicted sex offender with ties to many elites. Although Trump’s name appeared in documents from Epstein’s court cases, no allegations or charges were ever filed against him. Still, even the mention was enough to enrage Trump.
Musk then made matters worse by claiming that Trump wouldn't have won the election without his support. He stated he had contributed over $250 million to the campaign and insinuated he was a key reason for Trump’s success. After taking credit for the victory, Musk posted on X: “Such ingratitude.” That hit a nerve. Trump despises when others try to claim responsibility for his triumphs — especially those he doesn’t fully trust.

Musk Slams Key Bill Trump Is Banking On
As the online drama played out, Trump and congressional Republicans were pushing hard to pass a massive domestic spending bill — a cornerstone of Trump’s planned second term. But Musk didn’t play along. Instead, he slammed the legislation as “A MOUNTAIN OF DISGUSTING GARBAGE” and publicly criticized it while Trump worked behind the scenes to secure support.
White House Press Secretary Karoline Leavitt responded by saying, “As President Trump has said, he’s moving forward with the goal of passing One Big Beautiful Bill.”

White House Withdraws NASA Nomination, Tensions Explode
The relationship between Trump and Musk had already begun to unravel before the social media explosions. Trump had grown increasingly uneasy with Musk’s remarks about DOGE and his exaggerated promises to slash government waste.
The breaking point came when the administration withdrew the nomination of Jared Isaacman — Musk’s preferred pick to lead NASA. This move shattered one of the last threads holding their fragile alliance together. The decision came from Sergio Gor, the White House personnel chief, who had a tense relationship with Musk. Their friction peaked after a March cabinet meeting, where Trump publicly stated that government responsibility lies with his appointees — not with Musk, who was present in the room. That remark was seen as a clear boundary.
From then on, Musk refused to cooperate with Gor. His companies began mass layoffs. Government employees started receiving warnings from Musk-linked entities, which led to lawsuits. Lawmakers from both parties began criticizing Musk. But he didn’t care. He kept pushing his agenda, laying off workers and moving full steam ahead.

Clash of Titans: Trump vs. Musk
Donald Trump is not used to long-term opposition. He usually wins his battles. But Elon Musk is not an ordinary rival — he’s the wealthiest man on the planet and controls a media powerhouse in X. His voice reaches far and wide. And while Trump still holds tremendous influence, many now believe Musk possesses something no one else does: a megaphone capable of rivaling the president’s.

#ElonMusk , #TRUMP , #USPolitics , #NASA , #USGovernment

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🚨BREAKING: It’s official – Donald $TRUMP just had a meeting with Ripple CEO Brad Garlinghouse, as confirmed on Fox Business! This is huge news for the crypto space, especially , which is already reacting positively. $XRP is showing one of the strongest performances following the announcement, and this could signal major momentum ahead. The fact that $TRUMP
is engaging directly with top crypto leaders like Garlinghouse could mean big things for Ripple and the broader crypto market. We’re watching history unfold, and this meeting might be a game-changer for how XRP is viewed in the U.S. Stay tuned!
#MarketPullback #TrumpVsMusk #EDGENLiveOnAlpha #USGovernment

On June 7, 2025, the S&P 500—the benchmark index of the U.S. equity market—hit a historic milestone, closing above the 6,000 mark for the first time in history. The index ended the trading session at 6,000.36, gaining over 1% on the day. This achievement reflects a wave of investor optimism, strong macroeconomic fundamentals, and easing fears over global trade tensions.
🚀 Market Performance
The S&P 500 wasn’t the only index to rally. The Dow Jones Industrial Average surged by 1.05%, while the Nasdaq Composite climbed 1.2%. Investor enthusiasm was fueled by a strong U.S. labor report and positive signals from international trade developments.
🧑‍🏭 Labor Market Boost
The May jobs report played a major role in lifting market sentiment. According to the Bureau of Labor Statistics, U.S. employers added 139,000 jobs in May—beating expectations of 125,000. The unemployment rate held steady at 4.2%, signaling that the economy remains resilient despite prior concerns of a slowdown.
💼 Corporate Movers
Tech and growth stocks were among the top performers. Tesla rebounded nearly 4% after facing pressure earlier in the week. AI-focused firm Palantir Technologies saw a jump of 6.5%, reflecting continued enthusiasm for artificial intelligence investments. Meanwhile, semiconductor giant Broadcom saw a slight decline (~5%) despite posting strong revenue growth, indicating high investor expectations may already be priced in.
🌍 Easing Global Tensions
Markets also reacted positively to signs of reduced trade friction. With U.S.–China trade talks expected to resume in London next week, investors are hopeful for a more cooperative tone. While uncertainty remains around upcoming elections and policy shifts, the cooling rhetoric helped calm short-term volatility.
📊 Analyst Perspective
“This is a psychological breakthrough,” said Morgan Anders, equity strategist at Vanguard Global. “Crossing 6,000 reflects confidence in U.S. growth, low inflation pressure, and long-term strength in the tech and services sectors.”
🔮 What’s Next?
While today’s rally is a strong signal of investor confidence, analysts urge caution. Inflation readings, Federal Reserve policy signals, and international developments—especially in Asia and Europe—will continue to influence market direction. The next major test will be the Federal Open Market Committee (FOMC) meeting scheduled for later this month.
#TrumpVsMusk #USGovernment #BinanceAlphaAlert #wld $HUMA $WCT $BTC

Tensions between Donald Trump and Elon Musk have significantly escalated. What was once a seemingly friendly relationship between the former U.S. President and the Tesla CEO has turned into a public feud – all triggered by Trump’s controversial spending bill, which Musk bluntly labeled the "Debt Slavery Act."

📉 Elon Takes a Firm Stand Against the Bill
Musk sharply criticized the bill’s proposal to raise the debt ceiling by $5 trillion and slash multiple federal programs. On X (formerly Twitter), he urged his 220 million followers to contact lawmakers and demand the bill be rejected:
“Bankrupting America is NOT okay! Kill the bill.”
According to the Wall Street Journal, Trump is reportedly “losing patience” with Musk. Their once-aligned views across several political fronts are now crumbling under the weight of these public disagreements.

⚠️ Tensions Grow After NASA Nomination Fallout
The feud deepened after Trump’s administration withdrew the nomination of Jared Isaacman, a close Musk ally, to lead NASA. Sources say Elon saw this as a personal betrayal, especially after donating hundreds of millions to Trump’s reelection efforts.
Musk responded publicly, calling Isaacman “competent and kindhearted”, and pushed back against what he sees as politically motivated appointments. Some speculate that Musk’s criticism gave political cover to those withdrawing the nomination.

📊 What the Numbers Say
The Congressional Budget Office (CBO) estimates that Trump’s bill would, over the next decade:

🔹 Cut federal revenue by $3.67 trillion

🔹 Reduce spending by $1.25 trillion

🔹 Increase the national debt by $2.4 trillion
Additionally, CBO projects 10.9 million Americans could lose health insurance, including over 1.4 million people lacking verified immigration status.

🗳 Trump Holds His Ground as Opposition Grows
House Speaker Mike Johnson defends the bill, claiming that “no government in history has ever passed a $1.6 trillion budget cut in a single legislative act.” Meanwhile, the White House dismissed the CBO as “politically biased,” which only fuels further public distrust.
The bill has already passed the House but still awaits Senate revisions. Trump hopes to sign it by July 4, intending to frame it as a “patriotic victory.” Whether Elon Musk – with his massive influence – will derail that plan remains to be seen.

#TRUMP , #ElonMusk , #USPolitics , #USGovernment , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“