The Republicans’ $3 Trillion Vanishing Act
The Daily
2025/07/02
The Republicans’ $3 Trillion Vanishing Act
The Republicans’ $3 Trillion Vanishing Act

The Daily
2025/07/02
Shownote
Shownote
With a tiebreaking vote from Vice President JD Vance, the Senate has adopted President Trump’s giant domestic policy bill, which now heads back to the House for a final vote. The legislation is defined by the staggering amount of debt it will create: more....
Highlights
Highlights
In a closely watched legislative move, the U.S. Senate approved a major domestic policy bill backed by former President Trump, using a procedural maneuver to push forward a sweeping agenda that includes permanent tax cuts and significant changes to federal spending. The bill now heads back to the House for a final vote, but its financial implications have sparked debate among economists and policymakers.
Chapters
Chapters
How a Tie-Breaking Vote Cleared the Path for a Controversial Policy Bill
00:00Can Creative Accounting Make Debt Disappear?
06:36Is Congress Rewriting the Rules of Fiscal Responsibility?
13:19What Happens When the World Doubts U.S. Debt Safety?
16:55Are We Entering a Cycle Where Debt Feeds More Debt?
23:09Transcript
Transcript
Colby Smith: We are living in interesting times, a turning point in history.
Andrew Duehren: Are we entering a dark, authoritarian era?
Michael Barbaro: Or are we on the brink of a technological golden age? Or the apocalypse?
Colby Smith: No one really ...