House GOP Threaten to Sink Trump Megabill

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 2 July 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A.M. Edition for July 2. A day after its passage in the Senate, House Republicans are lining up to oppose the president’s “big, beautiful bill,” with fiscal conservatives and centrists leading the charge. Plus, Trump threatens Japan with tariffs as high as 35% ahead of a looming deadline to complete trade talks. And the U.S. stops delivery of key weapons for Ukraine as Moscow keeps up punishing air attacks. WSJ foreign correspondent Ian Lovett discusses the state of play as the war enters its fourth summer and what a pullback in foreign support might mean for Ukraine. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Americans love using their credit cards, the most secure and hassle-free way to pay.
0:04.0	But DC politicians want to change that with the Durban Marshall Credit Card Bill.
0:08.0	This bill lets corporate megastores pick how your credit card is processed,
0:13.0	allowing them to use untested payment networks that jeopardize your data security and rewards.
0:18.0	Corporate megastores will make more money and you pay the price.
0:22.1	Tell Congress to guard your card because Americans lose when politicians choose. Learn more at
0:28.1	guard your card.com.
0:34.0	President Trump ramps up pressure on Japan, threatening 35% tariffs ahead of a July 9th deadline for trade talks.
0:42.4	Plus, House Republicans threatened to sink the president's megabill, and the U.S. stops delivery of key weapons for Ukraine.
0:50.7	The U.S. is by far the biggest supplier of weapons to Ukraine and has been since the start,
0:55.1	and some of those weapons will not be easy to replace by other countries. It's Wednesday, July
1:00.3	2nd. I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,
1:05.9	the top headlines and business stories moving your world today.
1:18.6	President Trump has threatened to raise tariffs on Japan to as high as 35 percent,
1:22.1	a day after he appeared to cut off trade talks with Tokyo.
1:27.2	Trump has expressed anger that Japan would not agree to accept U.S. rice imports, and he told reporters
1:28.4	aboard Air Force One, it's unlikely the sides will reach an agreement ahead of a July 9th
1:33.3	deadline for trade deals set by his administration.
1:36.1	We've dealt with Japan. I'm not sure if we're going to make it deal. I doubt it with Japan.
1:39.9	They're very tough. You have to say they're very spoiled. I love Japan. I really like the new prime
1:46.2	minister to. Hobby was one of my closest friends, you know. The new prime minister is great. He's a very
1:51.6	strong guy. But they and others are so spoiled from having ripped us off for 30, 40 years
	...

Transcript will be available on the free plan in 24 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.