Senate GOP Tax Bill, Iran Nuclear Warning, and Global News Updates

Senate GOP Tax Bill

• 🏛️ The Senate is reading President Trump's nearly thousand-page tax bill in its entirety, a process expected to take up to 12 hours.
• 🗳️ Democrats demanded the reading after Republicans passed a procedural vote, allowing passage with a simple majority.
• 📉 The bill includes trillions in tax cuts but is projected to significantly increase the national deficit.
• ⚠️ Billionaire Elon Musk criticized the bill, stating it could destroy millions of American jobs and calling it political suicide for the Republican Party.

Iran Nuclear Program

• ⚛️ The head of the International Atomic Energy Agency warns that Iran could resume enriching uranium within months.
• 🏭 Raphael Grossi noted that while severe damage occurred to Iran's nuclear facilities, the country retains its industrial and technological capacities to restart enrichment.
• ⏳ This warning comes despite President Trump's claims that U.S. and Israeli attacks had set Iran's nuclear program back by years.

Global and Economic Updates

• ✈️ The FBI issued a warning about cyber criminals, specifically a group called Scattered Spider, targeting airlines by impersonating employees to steal sensitive information.
• ⛈️ Air travel is experiencing widespread cancellations and delays due to severe storms, particularly in the southeast.
• 💥 Ukraine reported Russia launched its largest aerial attack of the war, firing 537 missiles and drones overnight, with Ukrainian air defenses repelling 475.
• 📈 Minneapolis Fed President Neel Kashkari cautioned that tariffs could act as an inflationary force, increasing the price of imported goods.
• 🇺🇸 U.S. stocks reached new record highs on Friday, with the S&P and NASDAQ composite indices gaining.

Political and Social Events

• 🇭🇺 Approximately 100,000 people attended a pride event in Budapest, Hungary, defying a government ban.
• 🏳️ New York City is holding its Pride march today, with Democratic Socialist Zoran Mamdani encouraging voter turnout in November after his primary win.
• 🤝 Former Governor Andrew Cuomo and Mayor Eric Adams are running as independents, with Mike Bloomberg endorsing Cuomo.