The Senate readies for battle on President Trump's tax and spending mega bill.
Plus, despite calls to invest locally,
the EU mulls buying American as it scales up defense spending.
European armies have a lot of work to do over many years to get battle ready and to be able to deter,
in particular, Russia.
So this agreement from the US is undoubtedly on the top of the list of some of what they need.
And stock futures rise as Canada drops a tax on tech in a bid to salvage US trade talks.
It's Monday, June 30th.
I'm Luke Vargas for the Wall Street Journal and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
It is shaping up to be a key day for President Trump's tax mega-bill after Senate Republicans narrowly advanced the measure in a procedural vote over the weekend,
securing the backing of 51 of the 53 Republicans in the chamber.
Not among them was Kentucky's Rand Paul,
who criticized a proposal to raise the debt limit by $5 trillion.
That doesn't sound at all conservative to me,
and that's why I'm a no. And North Carolina's Tom Tillis,
who expressed concern over cutting Medicaid spending and winding down clean energy tax credits he says are crucial to jobs in his state.
That drew strong public backlash from the president,
who said he would meet with Tillis' potential primary challengers.
And by Sunday, Tillis said he wouldn't run for re-election next year.