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The party remains deeply divided over key issues such as state and local taxes and Medicaid. To give his so-called big, beautiful bill a push, people familiar with the matter say Trump is planning to speak to the broader House Republicans' conference on Tuesday morning on Capitol Hill.
The party remains deeply divided over key issues such as state and local taxes and Medicaid. To give his so-called big, beautiful bill a push, people familiar with the matter say Trump is planning to speak to the broader House Republicans' conference on Tuesday morning on Capitol Hill.
Congressional reporter Olivia Beavers says the bill is a key priority for Trump, with GOP members even calling it legacy-defining.
Congressional reporter Olivia Beavers says the bill is a key priority for Trump, with GOP members even calling it legacy-defining.
The newly accelerated timeline for the bill means the House Rules Committee is planning to meet shortly after midnight tonight to try to send the package to the House floor for a vote on Wednesday. Last night, House Speaker Mike Johnson sounded optimistic about reaching an agreement.
The newly accelerated timeline for the bill means the House Rules Committee is planning to meet shortly after midnight tonight to try to send the package to the House floor for a vote on Wednesday. Last night, House Speaker Mike Johnson sounded optimistic about reaching an agreement.
According to our reporting, there are still four GOP holdouts. Mike Johnson can only afford to lose three votes in order for the bill to pass. Construction on the massive Empire Wind energy project off the coast of New York is back on after an abrupt about-face by the Trump administration.
According to our reporting, there are still four GOP holdouts. Mike Johnson can only afford to lose three votes in order for the bill to pass. Construction on the massive Empire Wind energy project off the coast of New York is back on after an abrupt about-face by the Trump administration.
The project, run by Norwegian energy group Equinor, was halted a month ago, sending a chill through the renewable energy industry. Here's our climate change reporter, Ed Ballard.
The project, run by Norwegian energy group Equinor, was halted a month ago, sending a chill through the renewable energy industry. Here's our climate change reporter, Ed Ballard.
However, Ed says that worst-case scenario now seems less likely.
However, Ed says that worst-case scenario now seems less likely.
Equinor credited lobbying by New York Governor Kathy Hochul, New York City Mayor Eric Adams and other politicians and labor groups for the reversal. The company plans to start operations at Empire Wind in 2027. Turning to markets now, and Australia's central bank has cut interest rates for the second time this year.
Equinor credited lobbying by New York Governor Kathy Hochul, New York City Mayor Eric Adams and other politicians and labor groups for the reversal. The company plans to start operations at Empire Wind in 2027. Turning to markets now, and Australia's central bank has cut interest rates for the second time this year.
The economy is generally in a good place, thanks to easing inflation, but the central bank did warn of the potential impact of Trump's trade policies. As we've reported on this show before, those tariffs are already taking a toll on the Chinese economy, where policymakers today cut its benchmark lending rate by a further 10 basis points in a bid to stimulate domestic demand.
The economy is generally in a good place, thanks to easing inflation, but the central bank did warn of the potential impact of Trump's trade policies. As we've reported on this show before, those tariffs are already taking a toll on the Chinese economy, where policymakers today cut its benchmark lending rate by a further 10 basis points in a bid to stimulate domestic demand.
Shares of Chinese EV battery giant contemporary Amperex Technology, or CATL, have soared on their Hong Kong market debut. The company raised $4.6 billion in the secondary listing, making it the world's largest equity offering so far this year. Its shares are already listed in Shenzhen. And biotech firm Regeneron has agreed to buy 23andMe out of bankruptcy.
Shares of Chinese EV battery giant contemporary Amperex Technology, or CATL, have soared on their Hong Kong market debut. The company raised $4.6 billion in the secondary listing, making it the world's largest equity offering so far this year. Its shares are already listed in Shenzhen. And biotech firm Regeneron has agreed to buy 23andMe out of bankruptcy.
Regeneron is paying $256 million for the DNA testing company, a steep fall from the $6 billion valuation at 23andMe's peak in 2021. The acquisition raises privacy concerns. as Regeneron will take control of millions of people's genetic information. Regeneron said it would ensure compliance with 23andMe's privacy policy, which will be reviewed by a court-appointed ombudsman.
Regeneron is paying $256 million for the DNA testing company, a steep fall from the $6 billion valuation at 23andMe's peak in 2021. The acquisition raises privacy concerns. as Regeneron will take control of millions of people's genetic information. Regeneron said it would ensure compliance with 23andMe's privacy policy, which will be reviewed by a court-appointed ombudsman.