As President Trump’s tariffs dominate headlines, Senate Republicans are moving towards advancing his tax plans and domestic spending priorities. However, there are concerns within the GOP about their strategy, particularly regarding potential cuts to Medicaid and the budgeting for Trump’s tax cuts. Some senators are worried about the impact on programs like Medicaid, while others are questioning the budgeting strategies being used to extend Trump’s tax cuts.
Additionally, questions remain about Trump’s tariffs, including how they will be explained to the public, what the economic fallout will look like, and when Americans will begin to see the benefits. The administration’s trade policies have already rattled markets, prompting concerns about a possible recession. Some Republicans have suggested a need to reconsider the policies if they negatively impact the economy.
In other news, the deadline for TikTok’s owner to find a non-Chinese buyer has been extended, potentially avoiding disruptions to the app. In North Carolina, a court ruling requires a recount of votes in a contested race for the state Supreme Court, which could impact the outcome. Moreover, top officials at the NSA and FDA have recently left their positions, potentially affecting the agencies’ abilities to approve vaccines and drugs.
Lastly, Elon Musk serves as a “special government employee,” providing expertise on a part-time basis without drawing a salary. This position comes with conflict-of-interest rules and limits on the number of days worked per year.
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