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• Declares America is ‘winning, winning, winning like never before’ • Democrats worry ‘big beautiful bill’ will slash health, welfare support • New legislation poised to add $3.4tr to US deficit over 10 years WASHINGTON: US President Donald Trump signed his flagship tax and spending bill into law, capping a grandiose White House Independence Day ceremony featuring a stealth bomber fly-by. “America is winning, winning, winning like never before,” Trump said before signing the so-called “One Big Beautiful Bill” on Friday, flanked by Republican lawmakers who helped push it through Congress. Trump also played down criticism by Democrats that the unpopular legislation will slash social welfare programmes, saying: “You won’t even notice it.” With First Lady Melania Trump at his side, Trump watched from the White House balcony as two B-2 bombers — the same type that recently struck Iranian nuclear sites — roared overhead, accompanied by F-35 and F-22 fighter jets. The 79-year-old’s victory lap came a day after Repub...

Independence Day becomes monument to plutocracy as Trump’s bill wages war on the poor, planet and future

Move comes after billionaire clashed with Trump over "big, beautiful" tax bill

US President Donald Trump said on Friday that he had signed 12 trade letters to be sent out next week ahead of an impending deadline for his tariffs to take effect. “I signed some letters and they’ll go out on Monday, probably 12,” Trump told reporters aboard Air Force One, adding that the countries to which the letters would be sent will be announced on the same day. His comments come days before steeper duties — which the president said on Thursday would range between 10 and 70 per cent — are set to take effect on dozens of economies, from Taiwan to the European Union. The tariffs were part of a broader announcement in April where Trump imposed a 10pc duty on goods from almost all trading partners, with a plan to step up these rates for a select group within days. But he swiftly paused the hikes until July 9, allowing for trade talks to take place. With less than a week to go before July 9, Pakistan and the United States concluded a critical round of trade negotiations yesterday, reaching an understanding o...

Over 70% of US crypto investors approve of President Donald Trump’s administration’s approach to crypto policy, according to a recent survey conducted by research firm HarrisX.  HarrisX polled 1,096 adults online from June 18 to June 19, including 230 self-identified crypto investors. Among that cohort, 81% said they follow the administration’s crypto actions, 73% approved of the […] The post Investor poll shows 73% approval for Trump’s crypto policy, bullish views on prices increase appeared first on CryptoSlate.

Congress passed the Big Beautiful Bill, Trump’s budget proposal, which could benefit Bitcoin, analysts say. On July 3, the US Congress passed into law the One Big Beautiful Bill Act. President Donald Trump’s bill offers little to the crypto industry, but it could benefit Bitcoin all the same. Trump’s budget proposal passed in the late hours of July 3 entirely along partisan lines; only two Republicans voted against the controversial bill, which will significantly increase the US government’s borrowing ability. It has drawn significant criticism from Democrats and even from current and former Trump allies like Tesla CEO Elon Musk.  Notably absent from the bill were proposed amendments to the cryptocurrency tax code. As the bill worked through the Senate, lawmakers attempted to tack on a number of provisions regarding crypto, but to no avail. Read more

Bitcoin has historically posted double-digit gains in the weeks following the passage of major US debt-expanding bills. Will 2025 follow the same pattern? Key points: Bitcoin gained 38% when US President Trump signed a major spending bill in late 2020. Doing so again would put BTC/USD at $150,000 as Trump prepares to sign his “Big Beautiful Bill” into law. Read more

United States President Donald Trump’s signature tax and spending bill passed through Congress on Thursday, meaning it was ready to be signed into law by the 47th president. The Republican-controlled House of Representatives earlier launched a final yes-or-no vote on the ‘One Big, Beautiful Bill’ after the chamber’s top Democrat delayed action with a record-breaking speech that lasted more than eight hours. Republicans called the vote after a marathon overnight session in which they cleared a procedural hurdle, setting the stage for final passage. “Now we are finally ready to fulfil our promise to the American people,” House Speaker Mike Johnson said on the House floor. Republicans control the chamber 220-212 and can afford to lose no more than three votes from their side. The bill would extend Trump’s 2017 tax cuts, cut healthcare and food safety net programmes, fund the president’s immigration crackdown and eliminate many green-energy incentives. It also includes a $5 trillion increase in the nation’s debt ...

Prompted by Trump envoy Steve Witkoff, Alexander told Trump his treatment improved after his election win. He later said he urged the president to pursue a comprehensive deal to free all hostages held in Gaza

Benjamin Netanyahu and Donald Trump both stand to gain from a side-by-side Oval Office appearance. As Trump eyes a Gaza cease-fire to cement his Middle East legacy, Netanyahu's political future, and the war's end, hang in the balance

Russian President Vladimir Putin told United States President Donald Trump in a phone call on Thursday that Moscow wants a negotiated end to the Ukraine war, but will not step back from its original goals, a Kremlin aide said. In a wide-ranging conversation that also covered Iran and the Middle East, Trump “again raised the issue of an early end to military action” in Ukraine, the aide, Yuri Ushakov, told reporters. “Vladimir Putin, for his part, noted that we continue to seek a political and negotiated solution to the conflict,” Ushakov said. Putin briefed Trump on the implementation of agreements reached between Russia and Ukraine last month to exchange prisoners-of-war and dead soldiers, Ushakov said, and told him that Moscow was ready to continue negotiations with Kyiv. “Our president also said that Russia will achieve the goals it has set: that is, the elimination of the well-known root causes that led to the current state of affairs, to the current acute confrontation, and Russia will not back down from...

President Donald Trump’s signature tax and spending bill was in limbo early Thursday as Republican leaders in the US Congress scrambled to win over a group of rebels threatening to torpedo the centrepiece of the president’s domestic agenda. Trump is seeking final approval in the House of Representatives for his Senate-passed “One Big Beautiful Bill” — but faces opposition on all sides of his fractious party over provisions set to balloon the national debt while launching a historic assault on the social safety net. As midnight (9am PKT) struck, House Speaker Mike Johnson was still holding open a key procedural vote — the bill’s last hurdle before it can advance to be considered for final approval — more than two hours after it was first called. With no clear sign of the stalemate breaking, his lieutenants huddled in tense meetings behind the scenes with the rebels who had either voted no or had yet to come to the House floor. “We’re going to get there tonight. We’re working on it and very, very positive about...

With the US president’s ties to his family-backed business, World Liberty Financial, and a memecoin launch, Donald Trump has seen his personal wealth increase by millions in 2025. US President Donald Trump, with an estimated net worth of more than $6 billion, has reportedly added at least $620 million to his portfolio in a matter of months, thanks to ventures connected to the cryptocurrency industry. According to a Wednesday Bloomberg report, Trump’s crypto holdings represented “a sizeable portion” of his wealth for the first time, mainly due to windfalls from his family-backed crypto business World Liberty Financial and his personal memecoin, Official Trump (TRUMP). Though the bulk of his net worth comprised stakes in his media venture, Trump Media and Technology Group, and real estate, crypto ventures reportedly accounted for roughly 9% of his wealth as of June. Read more

US President Donald Trump urged Hamas on Tuesday to accept a 60-day ceasefire in Gaza, saying that Israel had agreed to finalise such a deal, as its forces also stepped up operations in the Palestinian territory. Nearly 21 months of relentless Israeli bombardment have created dire humanitarian conditions for the more than two million people in the Gaza Strip, where Israel has recently expanded its military operations. The civil defence agency said Israeli strikes killed at least 14 people today. Trump, in a post on social media, said his representatives had met with Israeli officials about the raging conflict, ahead of Prime Minister Benjamin Netanyahu’s visit to Washington next week. “Israel has agreed to the necessary conditions to finalise the 60-day ceasefire, during which time we will work with all parties to end the war,” Trump wrote. He said representatives of Qatar and Egypt, mediators in the conflict, would deliver “this final proposal”. “I hope, for the good of the Middle East, that Hamas takes this...

Even though Trump said he would be 'very firm' on the Gaza war when Netanyahu visits the White House next week, a lot will depend on whether he can stay focused. In the meantime, Netanyahu is shoring up his deterrence capabilities in his war of attrition against the Israeli legal system

De Amerikaanse president Donald Trump zegt op sociale media dat Israël heeft ingestemd met ‘de noodzakelijke voorwaarden om een ​​staakt-het-vuren van 60 dagen in Gaza te voltooien. Gedurende deze tijd zullen we met alle partijen samenwerken om de oorlog te beëindigen’, aldus Trump. Volg alle ontwikkelingen over het Midden-Oosten in ons liveblog.

De Amerikaanse Senaat heeft ingestemd met een wet van Trump, waarmee hij verlenging van de belastingverlagingen van zijn eerste termijn wil. En Trump heeft gezinspeeld op de deportatie van Tesla-baas Elon Musk, die in Zuid-Afrika is geboren. Volg alle ontwikkelingen in ons liveblog.

The Republican-led US Senate approved President Donald Trump’s mammoth domestic policy bill on Tuesday by the narrowest of margins, despite misgivings over delivering deep welfare cuts and another $3 trillion in national debt. Republican leaders had struggled to corral support during a record 24-hour “vote-a-rama” amendment session on the Senate floor, as Democrats offered dozens of challenges to the most divisive aspects of the package. But Senate Majority Leader John Thune was able to turn around wavering moderates to deliver a 50-50 vote, with Vice President JD Vance breaking the tie. The sprawling text now heads to the House of Representatives, where it faces unified Democratic opposition and multiple Republicans baulking at the budget-busting costs, as well as slashed health care and food aid programmes for poor Americans. Trump’s bill proposes a $4.5tr extension of his first-term tax cuts, contentiously offset with $1.2tr in savings mainly targeting the Medicaid health insurance programme, as well as fe...

WASHINGTON DC: The Republican-led US Senate approved President Donald Trump’s mammoth domestic policy bill Tuesday by the narrowest of margins, despite misgivings over delivering deep welfare cuts and another $3 trillion in national debt. Republican leaders had struggled to corral support during a record 24-hour “vote-a-rama” amendment session on the Senate floor, as Democrats offered dozens […]

Donald Trump and Elon Musk reignited their bitter feud on Tuesday, with the US president threatening to deport the tech tycoon and strip federal funds from his businesses for criticising Trump’s flagship spending bill. The world’s richest person was Trump’s biggest political donor in the 2024 election, and became his inseparable ally during his first months back in the White House as head of the Department of Government Efficiency (DOGE). But the Space X and Tesla boss is now threatening to turn his riches against Trump, mulling a rival political party to challenge Republican lawmakers who vote for the president’s “One Big Beautiful Bill”. Trump, 79, reacted vengefully today as he headed to the opening of a new migrant detention centre in Florida dubbed “Alligator Alcatraz”. “We’ll have to take a look,” he told reporters when asked if he would consider deporting Musk, who has held US citizenship since 2002. View this post on Instagram Trump also signalled that he could take aim at the huge contracts and subsi...