US President Donald Trump’s massive tax and spending package has moved forward after passing the Senate on Tuesday. Key changes made by Republican senators include deeper cuts to safety-net programs like Medicaid, which provides health insurance for low-income individuals. The bill also accelerates the elimination of clean energy tax breaks, a move that critics argue could hinder progress in addressing climate change.
Source: https://www.bloomberg.com/news/articles/2025-07-01/what-s-in-trump-s-one-big-beautiful-bill-passed-by-the-senate