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Adam Michel, Michael Cannon, and Dominik Lett break down the One Big Beautiful Bill. Is it $3.4 trillion, or actually $6 trillion? Is Medicaid getting a cut or a trim? With spending cuts pushed to later years and tax benefits front-loaded, the scholars dissect the political calculations and baseline accounting that shaped this massive piece of legislation.
Show Notes:
Michael F. Cannon, Krit Chanwong, and Dominik Lett, "Congress Must Cut and Reform Medicaid" cato.org, April 28, 2025
Domink Lett, "The Senate’s Big Beautiful Blunder Could Increase the Debt by $6 Trillion" cato.org, July 2, 2025
Adam Michel, "A Fiscal Hawk’s Defense of the GOP’s Deficit-Busting Budget Bill" cato.org, July 10, 2025
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President Trump's name is reportedly included in the Epstein files. Columbia University settlement. Emotional testimony asa the Idaho student killer is sentenced. CBS News Correspondent Steve Kathan has today's World News Roundup.
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President Donald Trump is scheduled to visit the Federal Reserve this afternoon. The visit is the latest turn in Trump’s campaign to pressure the Fed to lower interest rates. It's highly unusual for a president to visit the Federal Reserve; most stay away in a nod to Fed independence. And later: Did you remember to send a card? It's the 100th birthday of a research lab to which we owe much of modern life: Bell Labs.
At the recent WNBA All-Star game, players wore T-shirts with the message, “Pay us what you owe us.” If one uses the discounted marginal revenue product as a guide, the answer to their demand would be “zero.”
Original article: https://mises.org/mises-wire/do-wnba-players-really-want-be-paid-what-they-are-owed
When the covid madness was imposed upon the world five years ago, the lockdown advocates claimed they were just “doing science.” In reality, they were ignoring science, lying, and just “doing totalitarian politics.”
Original article: https://mises.org/mises-wire/virus-was-born-orphan-origin-sars-cov-2-and-silence-institutions
From the BBC World Service: Indian Prime Minister Narendra Modi is in London sealing a major trade deal with the United Kingdom worth $6.5 billion. The agreement, billed as the biggest since Britain left the European Union, will slash India's tariffs on U..K goods from 15% to around 3%. We'll discuss the significance. Then, Armenia — a landlocked country of just 2.7 million people — is making big waves in tech, from coding labs and schools to startups.
A new bill threatening the independence of anti-corruption agencies has brought Ukrainians onto the streets and rattled international observers. London’s electric bikes are making it ever more a cycling city—and plugging longstanding transport gaps. And a tribute to Ozzy Osbourne, who did perhaps more than anyone to found the genre of heavy metal.
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Plus: Columbia University agrees to pay more than $200 million dollars to the federal government over allegations the school violated anti-discrimination laws. And, Hyundai Motor reports a 22% drop in profits from a year earlier amid higher U.S. tariffs. Kate Bullivant hosts.
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