Republicans Triumph as House Passes Trump’s Megabill

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 3 July 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for July 3. House Republicans overcame some lawmakers’ resistance to narrowly pass the tax-and-spending bill ahead of President Trump’s July 4 deadline. WSJ reporter Jasmine Li discusses what’s in the final bill. Plus, U.S. stocks notch another closing high after the Labor Department’s June jobs report came in stronger than expected. We hear from WSJ investing columnist Spencer Jakab about what the report says about the economy, and what’s now on Fed officials’ minds ahead of their meeting later this month. And Journal science reporter Nidhi Subbaraman tells us how Harvard is already preparing to fill the gaps in its budget left by a loss of federal funding. Alex Ossola 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	Oh, that's my prime delivery.
0:01.6	What, already?
0:02.7	Only one thing can match the buzz of Prime's fast delivery.
0:06.2	And that's the buzz of Prime's entertainment.
0:09.0	What are we watching?
0:09.7	Heads of state, that new action comedy with Idris Elber as the Prime Minister,
0:13.3	John Sina as the president, and Priyanka Chopra Jonas, as their only hope.
0:17.0	It looks like a blast.
0:18.3	From fast delivery to explosive entertainment, it's on Prime.
0:22.5	For only 899 a month, join now. Content includes limited ads, subscription or to renews. For more
0:27.7	information, go to amazon.com.uker.U.K.S. Prime. On this vote, the Yeas are 218,
0:36.4	the nayser 214, the motion is adopted.
0:44.3	After an all-night session, the House passes President Trump's big, beautiful, tax and spending bill.
0:52.3	What does it mean for you?
0:55.4	Plus, U.S. stocks notch another closing high after the June jobs report came in stronger than expected.
1:00.7	And with less federal money available, Harvard has a plan to make up its budget shortfall.
1:06.3	It's Thursday, July 3rd. I'm Alex O'Sullough for the Wall Street Journal. This is the PM edition of
1:11.9	What's News, the top headlines and business stories that move the world today. The House narrowly
1:20.0	passed Republicans sprawling tax and spending bill today. It's a major second-term victory for
1:25.3	President Trump and again demonstrates his power to keep
1:28.4	GOP lawmakers in line. House Minority Leader Hakim Jeffries spoke for eight hours and 44 minutes,
1:35.3	setting a record for the longest floor speech as he read hours of stories of voters in GOP districts
	...

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