Overview

• Senate Republicans pushed the package past a 51-49 procedural hurdle after more than three hours of debate, setting up a final vote before the July 4 target.
• On X, Musk warned the latest draft “will destroy millions of jobs” and denounced measures that terminate Biden-era clean energy tax credits.
• President Trump called Musk a “wonderful guy” in a Fox Business interview despite their recent public feud and acknowledged his past campaign support.
• The sprawling legislation aims to extend $3.8 trillion in Trump-era tax cuts by cutting Medicaid, food stamps and clean energy incentives while increasing deportation funding.
• Congressional Budget Office estimates show the bill could add roughly $2.4 trillion to the deficit over a decade, intensifying divisions among Senate Republicans.