This week marks one year since Congress passed the Republican tax and spending bill, also known as the “One Big Beautiful Bill Act.” Today, we'll delve into how individuals, small businesses, and corporations have taken advantage of tax cuts and what it all means for the revenue the federal government is bringing in. Also, we'll unpack the drop in unemployment. And, a July 1 deadline to renew the U.S.-Mexico-Canada trade agreement has passed. What comes next?Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:What happens after a missed North American trade deal deadlineTrump's tax and spending law, one year on

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“What did the council decide on item 42?” — answered with the speaker and the moment.