Bloomberg News Now Trump Urges for Mideast Deal, Tax Bill Heads to House, More
Jul 2, 2025
President Trump announces a ceasefire in Gaza, warning Hamas amid legislative changes in his tax and spending bill. Attention shifts to immigration policies and enhanced deportation efforts. Meanwhile, labor market trends play a crucial role in the Federal Reserve's decision-making. A music mogul's ongoing trial raises questions about legal strategies and the potential for a mistrial. Lastly, a technology glitch affects a major UK retailer, showcasing the importance of proactive troubleshooting for efficiency.
AI Snips
Chapters
Transcript
Episode notes
Trump on Gaza Ceasefire
- President Trump announced Israel's agreement to finalize a 60-day ceasefire to work towards ending the Gaza war.
- He warned Hamas to accept the terms before the situation worsens, highlighting diplomatic pressure for peace.
Senate Tax Bill Passed Amid Opposition
- The Senate passed a tax and spending bill with $4.5 trillion in tax cuts and $1.2 trillion in spending cuts by a narrow 51-50 vote.
- Senate Minority Leader Schumer warned the public will feel impacts like hospital closures and job losses due to the bill.
Debt Concerns on Tax Bill
- The national debt could increase by more than $4 trillion as a result of the new tax and spending bill.
- There is uncertainty whether the House will accept the Senate version or insist on negotiating further.