Matt Gagnon discussed the progress of the “big, beautiful bill” through the Senate, aiming for a July 4 deadline. The Senate bill would add $3.3 trillion to the national debt from 2025 to 2034, compared to $2.4 trillion for the House bill, and could result in 11.8 million more uninsured Americans by 2034. Republicans are divided over cost-saving proposals, particularly on Medicaid and food aid. Gagnon criticized the Congressional Budget Office’s (CBO) scoring methods, arguing that extending tax cuts does not necessarily increase the deficit. He also noted the political implications of Thom Tillis’ decision not to run for reelection in 2026.
The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May – roughly double what forecasters had expected – and the unemployment rate remained at a low 4.3%.
A Colorado court reversed homicide convictions against two paramedics on Thursday in the death of Elijah McClain, a Black man who was pinned down by police and injected with a fatal dose of ketamine.
The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious risks.
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