Big Beautiful Bill Passes, Jobs Report Surpasses Expectations, CBS Settles with Trump: AM Update 7/4

House Republicans pass President Trump’s sweeping “Big Beautiful Bill” just in time for July 4th, delivering major wins on taxes, border security, and entitlement reform. The U.S. economy adds 147,000 jobs in June, outpacing forecasts for the fourth straight month, as unemployment drops and markets rally. CBS parent company Paramount agrees to a $16 million settlement with President Trump over selectively-edited footage in a 60 Minutes interview with Kamala Harris.

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