Reuters World News SCOTUS rulings, tax bill, shadow Fed and Bezos wedding
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Jun 27, 2025 Tensions rise as the U.S. assesses Iran's nuclear ambitions alongside a looming tax bill challenge. Investors eye a potential 'shadow' Fed chair that could shake up the dollar's stability. Meanwhile, preparations for Jeff Bezos' opulent wedding in Venice are stirring protests concerning social issues and economic disparity. With a star-studded guest list, the event faces intense media scrutiny and security challenges. From geopolitical dilemmas to lavish celebrations, this discussion captures the pulse of current affairs.
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No Evidence of Uranium Movement
- US Defense Secretary Pete Hegseth says there is no intelligence that Iran moved its enriched uranium before last weekend's strikes.
- This contradicts Iranian claims dismissing US strikes' impact on its nuclear program.
Tax Bill Faces Senate Hurdles
- Senate Republicans want to pass Trump's tax bill by July 4 but face hurdles due to budget reconciliation rules.
- The Senate parliamentarian flagged Medicaid provisions that may delay the vote and push back the timeline.
Concerns Over Shadow Fed Chair
- Investors worry about a 'shadow' Fed chair potentially appointed early to influence markets.
- This undermines Fed independence, a key factor in the US dollar's strength, causing market nervousness.