Morning Wire Trump’s NATO Win & Senate Debates OBBB | 6.26.25
35 snips
Jun 26, 2025 Trump scores a victory by securing NATO allies' commitment to raise defense spending from 2% to 5% of GDP, positioning the U.S. favorably in international finances. Meanwhile, Senate Republicans grapple with a significant economic bill that could push the national debt up by $3 trillion. On the education front, a whistleblower from a therapy program exposes troubling biases in sexuality training, sparking debates about the need for diverse perspectives in academia.
AI Snips
Chapters
Transcript
Episode notes
NATO Allies Boost Defense Spending
- NATO allies agreed to increase defense spending to 5% of GDP by 2035 following President Trump's demand.
- This commitment means over a trillion dollars in new European defense spending, easing the U.S. burden.
Spain Resists NATO Spending Increase
- Spain resisted the 5% defense spending increase, planning to raise only from 1.2% to 2%.
- Trump threatened to impose higher tariffs on Spain due to their refusal to meet the commitment.
Economic Growth Reduces Deficit
- The 'one big, beautiful bill' aims to avoid the biggest tax hike in history by boosting economic growth.
- It includes incentives for investments and tariffs expected to reduce the deficit by up to $11 trillion over 10 years.