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The World in Brief from The Economist

Trump’s budget vote-a-rama; America to lift Syria sanctions, and more

The World in Brief from The Economist

The Economist

News, Daily News, News & Politics, Global News

4.11.2K Ratings

🗓️ 1 July 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

As debate time ended for Donald Trump’s “One Big Beautiful Bill”, the president’s tax-cutting package moved to a special session known as vote-a-rama.

Transcript

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0:00.0

Hello, you're listening to the free edition of the world in brief from The Economist.

0:11.2

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.1

If you're already an Economist subscriber,

0:22.6

visit Economist.com slash espresso or visit our espresso app to start listening. Here's today's

0:29.5

free edition.

0:35.3

This is the world in brief from The Economist.

0:41.5

Our top stories

0:43.4

As debate time ended for Donald Trump's one big beautiful bill,

0:49.4

the president's tax cutting package moved to a special session known as a voter-rama. Amendments proposed by senators

0:57.6

are voted on in succession. Mr. Trump's bill is on thin ice. Republicans can only lose the

1:04.4

support of three senators if the bill is to pass the Senate and appear to have already lost two.

1:11.7

The White House said that Mr. Trump will sign an executive order lifting sanctions on Syria.

1:18.7

The president first announced that he would roll them back in May and issued a 180-day waiver,

1:25.5

temporarily allowing business with Syria's government. With his executive order,

1:31.3

he will be able to terminate some sanctions. Repealing the most restrictive will take an act of

1:37.3

Congress. Mr. Trump took to letter writing to again demand that Jerome Powell, the chair of the Federal

1:44.6

Reserve, lower interest rates. In a note written on top of a chart displaying the rates of other

1:51.1

countries, the president accused Mr. Powell of costing America a fortune. Mr. Trump has repeatedly

1:57.9

pressured Mr. Powell, whose term as chair ends next year, to step down.

2:04.1

Mark Zuckerberg said META would create a new division focused on superintelligence, Bloomberg reported.

2:11.5

Alexander Wang, an AI Wonder Kid in whose startup META invested $14 billion billion this month will lead it. Mr. Zuckerberg also

2:20.8

announced new recruits poached from rivals, including OpenAI and Google. In an internal memo,

...

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