The Daily2 Jul 2025

The Republicans’ $3 Trillion Vanishing Act

With a tiebreaking vote from Vice President JD Vance, the Senate has adopted President Trump’s giant domestic policy bill, which now heads back to the House for a final vote.

The legislation is defined by the staggering amount of debt it will create: more than $3 trillion.

Andrew Duehren, who covers tax policy, and Colby Smith, who covers the economy, talk about how Republicans have rewritten the rules to make that debt vanish, and why the world is less and less convinced that the United States can handle its debts.

Guest:

Andrew Duehren, who writes about tax policy for The New York Times from Washington.
Colby Smith, a New York Times reporter covering the Federal Reserve and the U.S. economy.

Background reading:

The Senate bill would add at least $3.3 trillion to the national debt, the budget office says.
The bill puts the nation on a new, more perilous fiscal path.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Photo: Ken Cedeno/Reuters

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(2854)

Thursday, Dec. 7, 2017

The Arab world was agreed that by officially recognizing Jerusalem as the capital of Israel, President Trump has sabotaged the chance of peace between Israel and the Palestinians. But had Arab leaders...

7 Des 201724min

Wednesday, Dec. 6, 2017

President Trump has said that a peace plan for Israelis and Palestinians would be the “ultimate deal.” But he is now putting that prospect at risk for the sake of a campaign promise. We also look at t...

6 Des 201731min

Tuesday, Dec. 5, 2017

A baker in Colorado refused to create a wedding cake for a same-sex couple. After he was charged with discrimination, he argued that his First Amendment right to free speech was being violated. The ca...

5 Des 201718min

Monday, Dec. 4, 2017

With less than a month from proposal to passage, the Republicans rushed their tax plan through the Senate with a flurry of last-minute side deals and a 2 a.m. vote. What else made it into the bill, be...

4 Des 201721min

Special Edition: Flynn Pleads Guilty

Michael Flynn pleaded guilty this morning to lying to the F.B.I., and said he’s cooperating with the Mueller investigation. What does it tell us that prosecutors have a former senior member of the Tru...

1 Des 201714min

Friday, Dec. 1, 2017

On Thursday, the Republican tax bill seemed to have all the momentum it needed. But a vote was delayed after a report found the calculations were off by a trillion dollars. Also, the White House has a...

1 Des 201720min

Thursday, Nov. 30, 2017

President Trump is playing a major role in shaping the Republican tax plan. So what is a businessman who ran as a populist fighting for? Also, the president shared videos on Twitter from a fringe ultr...

30 Nov 201722min

Wednesday, Nov. 29, 2017

The United States government set aside $5 million for the families of civilian casualties from the war on the Islamic State. There have been thousands of civilian casualties. So why has the money gone...

29 Nov 201719min