3 hurdles for Trump's 'big, beautiful bill' ...Middle East

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It’s Wednesday. Can someone please explain to me why these Labubu key chain plush toys have gone so viral? It’s giving 1998 McDonald’s Beanie Baby toy.

In today's issue:

⏱️ON CAPITOL HILL

3 hurdles for advancing Trump’s agenda:

Republicans are desperately hoping to pass President Trump’s “one, big, beautiful bill” by July 4, but the flow of negative headlines is piling on, making this increasingly difficult. Here are three things getting in the way:

1 — That’s a doozy of a number:

The Congressional Budget Office (CBO) score came out this morning. President Trump’s “one big, beautiful bill” would add $2.4 trillion the national deficit over the next decade, according to the nonpartisan bill scorer’s estimate.

How it landed on that number: Extending Trump’s 2017 tax cuts and other measures would add more than $3.6 trillion to the deficit. To offset those costs, cuts to Medicaid and the food assistance program would reduce spending by roughly $1.2 trillion.

Plus: The CBO estimates that roughly 10.9 million people would lose health insurance under the House Republican bill.

There's a bit of good news for the Trump team, though: The CBO also found Trump's tariffs would reduce deficits by $2.5 trillion — a point that is sure to aid the administration's efforts to convince lawmakers to back Trump's overall agenda. (Check TheHill.com this afternoon for more on that.)

? Why this matters: Senate Republicans are already concerned about two implications of passing this bill into law: Adding to the deficit and Medicaid cuts. The giant price tag in this CBO report, plus the health insurance loss estimate, underscore and magnify their concerns.

2 — Republicans are having second thoughts:

House Republicans pushed President Trump’s wide-ranging legislative agenda through the House right before the Memorial Day recess, passing the megabill with just one vote to spare.

But now, as the dust settles and it moves to the Senate, some House Republicans are admitting they didn’t read the whole bill. They have realized there were provisions tucked into the bill that they hadn’t noticed — and are regretting their “yes” votes. Specifically:

➤ Marjorie Taylor Greene (R-Ga.) didn’t realize the bill will block states from regulating artificial intelligence for 10 years. “Full transparency, I did not know about this section,” she posted on X.

➤ Mike Flood (R-Neb.) has admitted he didn’t know the bill would strip judges’ power to hold people in contempt. Keep in mind, this could protect Trump and his administration from any legal consequences for violating court orders.

? Why this matters: This will likely anger constituents. Their elected leaders are voting for bills without reading them in their entirety. However, this is how Congress works these days. Lawmakers have such a hard time passing bills, so they often cram unrelated priorities into one big megabill. The text is more than 1,000 pages, and lawmakers are under enormous pressure from leadership and the president to stay in line and vote “yes.” However, there are big ramifications for both provisions.

Read The New York Times’s explaineron the two hidden provisions.

? Follow today’s live blog

3 — Elon Musk is giving political cover to the holdouts:

Tech billionaire Elon Musk has been raging against congressional Republicans’ bill to advance President Trump’s priorities, throwing a wrench into Senate Majority Leader John Thune’s (R-S.D.) goal of passing it by July 4.

Musk has called it a “disgusting abomination” and “pork-filled,” just to highlight a few of his descriptors.

How does Trump feel about Musk these days, you ask?: Speaker Mike Johnson (R-La.) just said Trump is “not delighted that Elon did a 180” in opposing the bill. Are we seeing a crack in Trump and Musk’s friendship?

?Why this matters: Musk is no longer working in the White House, so his influence shouldn’t be as relevant. But he’s giving political cover to the Senate Republicans — such as Sens. Ron Johnson (Wis.), Mike Lee (Utah) and Rand Paul (Ky.) — who already oppose the bill.

^Plus: There is another group of Republicans with different concerns about the bill. Sens. Susan Collins (Maine), Lisa Murkowski (Alaska), Josh Hawley (Mo.) and Jerry Moran (Kan.) are worried about the Medicaid cuts.

Read more on how Musk has thrown a wrench into the GOP plan, via The Hill’s Alexander Bolton.

➤ HOW THE WHITE HOUSE IS COMBATING THE OPPOSITION:

Trump’s deputy chief of staff Stephen Miller pegged the “big, beautiful bill” as “the most MAGA bill ever passed by the House.” ? Read his full defense

Trump has also been meeting with Senate Republicans to get them on board.

?️️ IN THE WHITE HOUSE

Hope you don’t need any steel or aluminum:

President Trump's steel and aluminum tariffs doubled to 50 percent today. The executive order went into effect at 12:01 a.m. and applies to nearly all steel and aluminum imports.

Keep in mind: The United Kingdom is exempt from the new tariff and will remain at its 25 percent tariff rate. That’s because of the trade deal the U.S. and the U.K. reached last month.

? Read the executive order

➤ ‘WHY TACO TRADE GETS UNDER TRUMP’S SKIN’:

Remember when a reporter asked Trump about the acronym “Trump Always Chickens Out” or TACO, coined by a Financial Times columnist, referring to the president’s tariff policies? Well, The Hill’s Brett Samuels reports that this comment “has struck a particular nerve with the president, who built his brand on his business acumen and presents himself as a master dealmaker.”

How some are poking at this nickname: Democrats parked a taco truck outside the Republican National Committee’s headquarters Tuesday. The Drudge Report’s front page last week showed the president covered in Mexican food. ? Read more

➤ IT’S A PARTY ON THE WHITE HOUSE LAWN:

Trump is hosting more than 3,200 political appointees for a “summer soiree” on the White House lawn, per Fox News.

COMING UP

The House and Senate are in. President Trump is in Washington. (All times EST)

1:30 p.m.: First House votes. Last votes are expected at 4:30 p.m. ?Today’s agenda

2 p.m.: Trump receives his intelligence briefing.

2 p.m.: White House Budget Director Russell Vought testifies on the 2026 budget request. ?Livestream

2 p.m.: The Senate votes. More votes are expected at 6 p.m. ?Today’s agenda

2 p.m.: The Hill is hosting an “open mic” event with two former Senate majority and minority leaders Tom Daschle (D) and Trent Lott (R).?Livestream

3 p.m.: Trump signs proclamations.

7 p.m.: Trump holds a summer soiree on the South Lawn.

? INTERNET BUZZ

? Celebrate: Today is National Cheese Day!! Some restaurants are celebrating with deals today, including free chips and nacho cheese at Taco Bell. ? Details and more deals

? Talk about the elephant in the room: An elephant walked into a Thai grocery store and started eating snacks. Yes, really.? Watch the clip

? Biden’s ex-press secretary is leaving the Democratic Party: Former White House press secretary Karine Jean-Pierre, who had one of the most public-facing roles in the Biden administration, announced in a post about her forthcoming book that she is now an independent. ? Watch her announcement

? AND FINALLY…

To send you on your way on a happy note, I think we have the next “corn kid.” I get it. When summer corn is good, it is REALLY good.

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