President Donald Trump celebrated at the Iowa State Fair on July 3 after the House passed his Big Beautiful Bill, overcoming opposition from "progressive" leaders like Hakeem Jeffries.

In the UK, Shadow Chancellor Mel Stride criticized Prime Minister Keir Starmer for not supporting Chancellor Rachel Reeves during a difficult Commons session. Stride argued that Starmer's inaction led to rising gilt yields and higher borrowing costs, warning that this would ultimately burden taxpayers with increased taxes. He expressed concern for Reeves's emotional state and deemed the Prime Minister's response a "massive misstep." The reassurance of Reeves's position came too late to mitigate the market's negative reaction.

The Digest, 7/3/2025 @800PM, CDT

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