Overview

• Senate Republicans, led by John Thune, are working to deepen proposed $1.5 trillion in spending cuts as they revise the House’s One Big Beautiful Bill for a July 4 delivery to the president.
• Elon Musk lambasted the bill on social media, calling it a “disgusting abomination” for not cutting spending deeply enough despite his prior role at Trump’s Department of Government Efficiency, where he sought $2 trillion in waste reductions.
• The Congressional Budget Office projects the legislation would add $2.4 trillion to the deficit over ten years, a figure disputed by White House Advisor Peter Navarro who contends it omits projected tariff revenue.
• House GOP leaders, including Steve Scalise and Speaker Mike Johnson, insist the party remains unified behind President Trump’s agenda and will keep the bill on schedule.
• Democrats, led by Hakeem Jeffries, continue to condemn the measure’s Medicaid work requirements and food stamp cuts, warning of severe impacts on vulnerable Americans.