Trump's Budget Bill, Trade Deals, and Global Events | CBS News 24/7

Trump Administration's Legislative Priorities

• 🏛️ President Trump is meeting with House Speaker Mike Johnson to discuss a large legislative package, referred to as the "big beautiful bill," aimed at covering his priorities.
• 💰 Key provisions in the bill include no taxes on tips, overtime, or social security, tax deductions on auto loans, and increased funding for the border wall and defense.
• 🗓️ A new deadline of July 4th has been set for the passage of this legislation, presenting a significant challenge for House and Senate Republicans to align their priorities.
• 🗣️ Trump acknowledged reporting about a makeup room at the Pentagon for Defense Secretary Pete Hegseth, stating he had a positive but direct talk with him and believes Hegseth will "get it together."

Immigration Policy and Executive Orders

• 🚫 President Trump is expected to sign two executive orders, one targeting sanctuary cities by directing the attorney general and secretary of homeland security to publish a list of jurisdictions that obstruct federal immigration law enforcement.
• ⚖️ This follows a previous executive order that attempted to withhold federal funding from sanctuary cities, which was blocked by a federal judge.
• 👨‍👩‍👧‍👦 The administration is facing criticism over the deportation of US-born children with their undocumented mothers, with the White House stating the mothers chose to take their children with them and that US citizenship does not grant immunity from laws.
• ⚖️ Advocates argue the administration is acting too aggressively, potentially sacrificing due process, and a federal judge noted that the deportation of a two-year-old child appeared to lack meaningful process.

Economic and Market Updates

• 📈 Wall Street saw minimal volatility, with the Dow closing in the green, as investors await progress on trade deals and upcoming big tech earnings reports.
• 📉 Consumer sentiment and confidence in the economy have declined, with nearly 50% of Americans feeling Trump's policies are making them worse off, despite falling inflation and mortgage rates.
• 🌾 American soybean farmers are concerned about the impact of tariffs on their trade with China, which imports about half of all US soybeans, warning that farms could go under.
• 🇨🇦 In Canada, the election is heavily influenced by the country's relationship with the US, with President Trump's rhetoric about Canada becoming the "51st state" playing a significant role.

International and Domestic Incidents

• 🇪🇸 A massive power outage affected Spain, Portugal, and France, causing widespread disruption to transportation and leading to panic buying, with full restoration potentially taking a week.
• 🚢 In Florida, a boat and ferry collision resulted in one death and ten hospitalizations, with authorities investigating the recreational vessel's driver for a potential hit-and-run.
• ✈️ An FA 18 fighter jet was lost at sea after falling from the USS Harry S. Truman aircraft carrier in the Red Sea, with one minor injury reported.
• ⚖️ Opening statements began in the state trial of three former Memphis police officers charged in the death of Tyrie Nichols.
• 🔥 A historic landmark in Memphis, Clayborn Temple, with ties to Dr. Martin Luther King Jr., caught fire, with the cause under investigation.
• 💔 A paramedic in Kansas City was fatally stabbed while trying to help a woman who is now facing murder charges.

Weather Forecast

• ⛈️ Severe thunderstorms are expected across the Midwest, bringing damaging winds, large hail, and the potential for tornadoes, particularly along the Iowa-Minnesota border and into eastern Illinois.
• 🌧️ Widespread heavy rainfall, potentially up to six inches, is forecast for the eastern half of the United States, leading to concerns about flash flooding.
• 🌪️ The severe weather outbreak is expected to continue for at least 48 hours, with the risk increasing for the following day.