Letters from an American June 29, 2025
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Jun 30, 2025 Dive into the tumultuous political landscape marked by President Trump’s tariff war and its chilling effect on consumer spending. Explore heated battles among senators over a vital budget reconciliation bill, highlighting intense bipartisan negotiations and disagreements on tax cuts. Gains and losses in military communications add another layer of intrigue, revealing the complexities within party lines as they tackle immigration and welfare funding. It's a whirlwind of economic and political drama!
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US Economy Contracts More Than Expected
- Trump's tariff war and weaker consumer spending caused a 0.5% contraction in the US economy in Q1 2025.
- This decline was larger than the 0.2% economists had predicted, showing unexpected economic challenges.
Trump Allowed Iran to Bomb US Base
- Trump admitted he allowed Iran to bomb a U.S. airbase in Qatar, coordinating timing and evacuation to avoid casualties.
- This surprising revelation received little media attention but raised serious concerns about presidential duty.
Republican Budget Cuts Hurt Poor
- Republicans' budget reconciliation bill proposes the largest cuts ever to programs aiding low-income Americans.
- This caused hesitation among GOP lawmakers and led Senator Tom Tillis to retire, fearing Trump-backed primary challenges.