Balance of Power1 Jul 2025

Trump Lands ‘Big Beautiful Bill’ Win

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US Senate handed President Donald Trump a major political victory with its Tuesday passage of a sweeping domestic policy bill, bringing him one step closer to a signature legislative achievement in an administration that has largely governed through executive power.

The Senate’s narrow approval of the $3.3 trillion package, which likely has set the stage for the bill to be signed into law later this week, extends the tax breaks that were a centerpiece of Trump’s first administration while delivering on key 2024 campaign promises such as a no-tax-on-tips measure and funding for his border wall.

That the bill survived defections from only three senators — Susan Collins of Maine, Thom Tillis of North Carolina and Rand Paul of Kentucky — hints at the tight grip Trump continues to have on his party. It also offers some validation for his tactical gambit of pursuing one mega-bill as a vehicle for his agenda, rather than of a slate of smaller ones.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

Bloomberg Washington Correspondent Tyler Kendall.
Former Republican Congressman Charlie Dent.
Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
Yale Budget Lab Economics Director Ernie Tedeschi.
Bloomberg Tech Co-Host Ed Ludlow.
Bloomberg New York City and State Reporter Laura Nahmias.

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