2025-07-01
13 分钟Senators debate through the night in a marathon effort to pass their mega bill.
Plus,
President Trump threatens higher tariffs on Japan as trade negotiations stall and California dismantles a landmark environmental law to tackle its housing crisis.
This single law has really been the biggest impediment to really building enough housing to match what California needs.
And now it's basically been gutted.
It's gonna be a holy ballgame.
It's Tuesday, July 1.
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.
The sun has risen in Washington D.C. with members of the Senate continuing to debate amendments to President Trump's tax and spending package.
Republicans like South Carolina's Lindsey Graham see the bill as necessary to prevent a damaging tax increase,
while Democrats like Arizona's Mark Kelly have sought to highlight the law's tax cuts for top earners and reductions to social safety net programs.
Y'all will never do anything to make sure taxes go down.
So we're going to make sure they go down forever.
Current policy is good tax policy.
Stick with the bill we wrote.
Giving a tax break to the richest people and most profitable corporations is a choice.
And paying for it by kicking 17 million Americans off their health insurance is a choice.
Though voting began mid-morning yesterday,