Congress has been racing against the clock to check off as many items on its legislative to-do list as possible ahead of the August recess. Most notably, President Trump has led congressional Republicans in advancing a major budget reconciliation package, the One Big Beautiful Bill, which proposes sweeping changes to tax policy, healthcare, energy production, immigration enforcement, and national defense.
President Donald Trump announced that the U.S. will impose 25% tariffs on goods from Japan and South Korea, and a 50% levy on Brazil, effective August 1st. As well as threatening a 35% tariff on some Canadian goods.
President Donald Trump revealed that the U.S. will impose 25% tariffs on goods from Japan and South Korea beginning August 1. This decision marks the beginning of a new wave of tariffs aimed at countries that have yet to secure trade deals with the Trump administration.
A rescission package refers to a proposal by the President to cancel or amend previously approved government spending, often targeting specific programs already set in place. In simple terms, it is the President’s way to propose budget cuts on a national level. The process involves the President submitting their rescission package to Congress, who, in turn, have 45 days to approve, reject, or change the proposed package.
On Thursday, June 12th, the House approved a rescissions package request from the White House to rescind funding for NPR, PBS, and international aid that lawmakers had previously. In a 214 to 212 vote, all but four House Republicans voted in favor of the measure, with all Democrats opposing.
