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Podcast: Bloomberg Daybreak: US Edition
Episode: Trump Tax Bill Passes Key Hurdle; Traders Await June Jobs Report
Description: On today's podcast: 1) President Trump twists arms in Congress to pass his tax cut bill as House Republicans overcome a key hurdle. The House voted 219-213 to move toward a final vote on Trump's "big beautiful bill", which includes tax cuts, a phase-out of Biden-era clean energy incentives, and funding for Trump's crackdown on illegal immigration. Debate began immediately on the legislation, setting up a potential final vote for later in the morning in Washington, ahead of Trump's self-imposed July 4 deadline.2) Traders and the Fed await a critical June jobs report. Markets are cautious ahead of the...