US EditionTrump Signs "Big, Beautiful Bill" as Tariff Deadline Looms
- On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill into law, resetting U.S. energy policy to 2019 pre-pandemic conditions.
- Prompted by a divided GOP, the bill faced a rocky Congress passage, requiring VP Vance's tie-breaking vote and a side deal by Thune and Murkowski to secure support.
- FTI Consulting forecasts natural gas and nuclear as top winners, with 20-year high gas expansion and funding rescinded for climate programs.
- Following the signing, oil, gas, nuclear, and coal industries celebrate a return to boom times; the Clean Vehicle Credit ends after September 2025, worth up to US$7,500.
- In the long term, the One Big Beautiful Bill Act resets U.S. energy policy to 2019 levels, relying on tariffs to replace tax revenue, shaping future economic strategies.
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What Trump’s ‘Big Beautiful’ Bill Means for NYC
New York’s political leaders denounced the Republican tax and spending bill but did little to prepare for the potential loss of billions of dollars in federal aid. Now that President Donald Trump has signed the plan into law, state and city officials will have to deal with the consequences. The law punches a multi-billion dollar hole in the current state budget by reducing federal Medicaid funding, a blow that will almost certainly require Gov. …
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Total News Sources19
Leaning Left3Leaning Right9Center0Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
L 25%
R 75%
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