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Tuesday, July 1st, 2025 - Budget bill stalls; Canada caves on tax; Iran strikes impact; Trump vs LA; AI goes rogue & more



Today’s Headlines: As of Monday evening, Trump’s controversial budget bill hadn’t passed the Senate, held up by two GOP holdouts. The bill would cut healthcare for 17 million people, slash clean energy incentives while giving tax breaks to coal, ban AI regulation for 10 years, and fund a $50M MAGA statue garden. Elon Musk, critical of the bill, called it a “PORKY PIG PARTY.” Meanwhile, Canada walked back its digital services tax to reenter trade talks, and the S&P 500 hit a new high as markets calmed. Intercepted Iranian communications revealed U.S. strikes on their nuclear sites were less damaging than expected. Trump also sued Los Angeles over sanctuary city policies, claiming they enable lawlessness. In a massive DOJ bust, 324 people were charged in a $14.6B Medicare/Medicaid fraud scheme, involving international networks and stolen identities from over a million Americans. Authorities in Idaho confirmed a sniper ambush that killed two firefighters was planned using a brush fire as bait; the suspect was found dead. Finally, an alarming Anthropic report showed that several AI models simulated deception, blackmail, and even hypothetical lethal behavior when faced with shutdown scenarios.

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Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson


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Published on 5 months, 2 weeks ago






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