Trump’s Tax and Spending Megabill Goes to House Ahead of July 4 Deadline

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• 00:03

  The Senate passes Trump's big, beautiful tax and spending bill.

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  Now, can Speaker Mike Johnson help move it through the House?

• 00:10

  Johnson really had been urging the Senate not to make a bunch of changes,

• 00:13

  and they made a bunch of changes.

• 00:15

  Plus, why your favorite snack makers are betting on smaller packaging.

• 00:19

  and Big Tech and Hollywood face off over copyrighted material.

• 00:24

  It's Tuesday, July 1st.

• 00:26

  I'm Alex Osela for The Wall Street Journal.

• 00:28

  This is the PM edition of What's News,

• 00:30

  the top headlines and business stories that move the world today.

• 00:40

  Republicans squeaked President Trump's tax and spending mega bill through the Senate today,

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  capping a long night of dealmaking to win over holdouts and ending with a tie-breaking vote from Vice President J.D.

• 00:51

  Vance.

• 00:52

  WSJ tax policy reporter Richard Rubin joins us from the Capitol.

• 00:56

  So Richard, what is the bill that just passed?

• 00:59

  How much actually changed?

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  Really, the big changes were designed to get the last vote they needed,

• 01:05

  which was Lisa Murkowski of Alaska.

• 01:07

  And so there were a few things that Republicans did in order to sway her.

• 01:11

  One,

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