[Tuesday, July 08] US News Headlines from r/politics
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DAILY BRIEFING
1. Domestic Policy & The Federal Budget
1.1 The “Big, Beautiful Bill”: Sweeping Changes to Social Programs, Healthcare, and Immigration Funding
The administration’s centerpiece legislative package, referred to in headlines as the “Big, Beautiful Bill” or “megabill,” is enacting a broad fiscal and social realignment. A core component is a deep cut to social safety nets, with one analysis reporting the legislation will cut Medicaid by an estimated $1 trillion while transferring tens of billions in financial responsibility for SNAP and Medicaid to state governments, who are now expected to “simply figure it out” [1] [2]. These cuts are paired with a significant budget increase of $75 billion for Immigration and Customs Enforcement (ICE) [1].