Welcome to the NewsHour. As Americans celebrate their freedom on this Independence Day, President Trump is celebrating a decisive win for his domestic agenda.

His second term legislative wish list, officially entitled, The One Big Beautiful Bill Act, is now law.

Given the gavel they used to cast the legislation, the president signed the sweeping

tax and spending cuts surrounded by congressional Republicans. He touted the bill as one having

a generational impact. It includes the largest tax cut in American history, the largest spending cut, $1.7 trillion,

and yet you won't even notice. It just waste, fraud, and abuse in American history. So you have

the biggest tax cut, the biggest spending cut, the largest border security investment.

The new law is unprecedented in many ways, extending the tax cuts of Mr. Trump's

first term, along with others to the tune of $4.5 trillion, adding another $1.4 trillion in spending

cuts, and according to the Congressional Budget Office, adding a record $3.2 trillion to the deficit over the next 10 years.

Across Ukraine last night, Russia unleashed an aerial assault of drones and missiles.

Officials say the all-out attack was the biggest so far of the war.

It came just hours after President Trump said little progress was made and a phone call

with Russian President

Vladimir Putin, which he said was disappointing.

The Ukrainian capital of Kiev was the primary target. The barrage of more than 550 drones

and missiles lasted more than seven hours, killing one person and injuring dozens.

Ukrainian leaders called it a brutal, sleepless night.

Daybreak revealed scenes of destruction, with the air still heavy with smoke.

Something was flying every minute.

The drones were descending, and then, bang, bang.

Then we realized that our building had been hit.

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