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WSJ What’s News

Big, Beautiful Bill Nears Tense House Vote

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 20 May 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for May 20. Republican leaders plan to meet with President Trump Tuesday morning in order to shore up support for their tax bill, ahead of a potential House vote on Wednesday. Plus, an administration u-turn means construction of a massive wind farm in New York is back on. And WSJ reporter Te-Ping Chen explains how some companies in the trades sector are targeting high-school students to fill staff shortages. Azhar Sukri hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This podcast is brought to you by FTI Consulting.

0:03.5

When facing your greatest challenges and opportunities,

0:06.6

our industry-proven experts can help you anticipate disruption and stay ahead of change.

0:12.0

FTI Consulting, experts with impact.

0:18.1

President Trump heads to Congress today to push through his big, beautiful tax bill.

0:25.1

Plus an administration U-turn means construction of a massive wind farm in New York is back on.

0:32.5

And we look at how the trade sector is winning over high school students.

0:37.7

What we've seen from a lot of employers in recent years is just feeling of, look, we can't

0:42.8

find the talent we need out on the market. So we kind of have to grow our own.

0:46.8

It's Tuesday, May the 20th. I'm Azar Sukri for the Wall Street Journal, filling in for Luke

0:52.0

Vargas. Here is the AM edition of What's News, the top headlines and business stories moving your

0:58.7

world today.

1:01.8

House Republicans are on course to vote midweek, whether to pass President Trump's

1:07.4

agenda of tax cuts and spending reductions.

1:16.5

The party remains deeply divided over key issues such as state and local taxes and Medicaid.

1:29.2

To give his so-called big, beautiful bill a push, people familiar with the matter say Trump is planning to speak to the broader House Republicans' conference on Tuesday morning on Capitol Hill.

1:38.5

Congressional reporter Olivia Beavers says the bill is a key priority for Trump, with GOP members even calling it legacy-defining. This bill is extremely important for Republicans to get passed. It includes President Trump's top priorities from the border,

1:47.4

from his promises about energy, to even taxes, no tax on tips, extending his tax cuts from his first

1:55.2

administration. And so this is all wrapped up in one big, beautiful bill. They tried to put it all into one bill with the hopes that it would be more successful in terms of pulling a very kind of disparate wing party together to get this through.

2:10.3

The newly accelerated timeline for the bill means the House Rules Committee is planning to meet shortly after midnight tonight to try to send the package to the House floor for a vote on Wednesday.

2:22.2

Last night, House Speaker Mike Johnson sounded optimistic about reaching an agreement.

2:27.6

I've seen lots of conjecture out there, but I wouldn't put much stock in that.

...

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