I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab.

The Middle East has been dominating the headlines, of course, and I get it.

The latest in Iran

belongs squarely on the proverbial front page. But while this is happening, Trump's magnum

opus, his big beautiful bill, is still working its way through Congress. This is the big economic

bill that President Trump is hoping to get signed by the 4th of July. The last time I checked in on this,

on the show, the bill had been passed in the House and it was moving to the Senate, but it needed

some tweaks before it would be passed. Today, I'm going to tell you about those tweaks and what

would happen to your wallet if they are indeed made. In my first episode on this, I listed all the big economic changes in the bill

and how they would affect you. I linked it in the show notes if you need a no-frills breakdown

of what's in the bill. But the Cliff Notes version is that this bill would make the Trump

2017 tax cuts permanent, create savings accounts for babies born between 2025 and 2028,

my baby just missed it.

Slash Medicaid and SNAP benefits slash taxes on tips and overtime, increase salt caps,

and boost border security funding. The Senate's going to vote on this bill through a backdoor

type process called budget reconciliation. Budget reconciliation is this

special process that lets Congress pass bills with a simple majority, meaning 51 votes in the Senate

instead of the usual 60 needed to dodge a filibuster. But it only applies to bills that affect

spending, revenue, or the federal debt limit. If lawmakers try to sneak in something unrelated like new immigration rules or abortion policies,

it gets stripped out.

That's where the Senate parliamentarian comes in.

...