Senate Pulls All-Nighter on Tax Bill; Trump Takes Aim at Musk
Bloomberg Daybreak: US Edition
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Divided Senate: Tax Cuts and Trade Talks
This chapter explores the contentious debates in the Senate surrounding President Trump's $3.3 trillion tax and spending cut bill, emphasizing the disparity in benefits for wealthier individuals versus lower-income Americans. It also highlights emerging conflicts between Trump and Elon Musk over clean energy subsidies and discusses tensions in U.S.-Japan trade relations, particularly concerning tariffs. Additionally, the chapter touches on the latest market performance and ongoing central banking discussions amid fluctuating global interest rates.
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