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Marketplace Morning Report

Where the big tax cut and spending bill stands

Marketplace Morning Report

American Public Media

News, Business

4.5 β€’ 808 Ratings

πŸ—“οΈ 1 July 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

As part of the rules of reconciliation β€” which is what's letting the GOP pass its bill without Democratic votes β€” Senators can offer unlimited amendments. But the debate on each one is around 10 minutes. This gives senators a chance to change components of the bill, but it's also being used as a messaging tool to highlight policies some Senators feel are harmful. Also: a down dollar and a breakthrough in EV batteries.

Transcript

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0:00.0

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0:53.7

It's about keeping

0:54.4

everything secure. On this Tuesday morning, no big vote yet in the Senate on that

1:00.8

whopper of a tax cut and spending bill. I'm David Brancaccio in Los Angeles. In the Senate,

1:06.8

they've been churning through amendments like short-order cooks and a 24-hour greasy spoon.

1:12.4

Marketplace's senior Washington correspondent Kimberly Adams is following all this.

1:16.1

Good morning.

1:16.7

Good morning, David.

1:18.4

Again, voter Rama.

1:20.7

What have our senators been doing all night?

1:23.4

So as part of the rules of reconciliation, which is what's letting the GOP pass this bill without

1:28.3

Democratic votes, senators can offer unlimited amendments. But the debate on each one is really

1:33.5

short, like 10 minutes. So this gives senators a chance to change components of the bill,

1:38.4

but it's also used as a messaging tool. All right. So like speed dating, but with implications for 30 and 40 years, what are some of the

1:47.4

amendments that have come up, Kimberly? Democratic senators have been very clear that they're

1:51.6

offering amendments that even if they know they're going to fail, they will highlight

...

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