I'm David Westin, and this week our special contributor, Larry Summers of Harvard, goes over the “One Big Beautiful Bill,” and we take a look inside what President Donald Trump's threatened tariffs could mean for the US wine industry.

S.D., discusses the execution of President Donald Trump's policies, what's next on the legislative agenda, the state of the Democratic Party and more.

Trump and congressional Republicans have made school choice a major part of their education agenda. The program also reflects a sweeping bill that GOP Reps. Adrian Smith of Nebraska and Burgess Owens of Utah and Sen. Bill Cassidy of Louisiana reintroduced in their respective chambers earlier this year.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

Lawmakers, trade professionals and professional bettors worry about a new Republican provision that will reduce the deduction for gambling losses.

Student loan restrictions in the new Republican tax and spending law could exacerbate the student loan crisis, and deepen racial and gender wealth gaps.

Texas avoided some steeper Medicaid cuts, but hundreds of thousands of Texans are still projected to lose health coverage due to the new law.

At this moment of deep political division, bold ideas to preserve American democracy are more important than ever. For once, the deficit hawks are right. The tax cuts for the wealthy in the Republican budget could cause the third economic meltdown this century. Unlike the Financial Crisis and the pandemic, we couldn’t spend our way out.

The “Big Beautiful Bill" President Donald Trump signed into law sends billions to (and away from) U.S. businesses. Here are some of the winners.

At the White House on the Fourth of July, President Donald Trump held a “ Big Beautiful Bill ” signing, complete with B-2 bombers.

The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.