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“Big, beautiful” tax bill would add $2.4 trillion to US debts, CBO says. Senators are still debating possible changes to the megabill on taxes and spending championed by President Trump, but an analysis released yesterday by the nonpartisan Congressional Budget Office found it would substantially add to the deficit over the next decade while cutting taxes by $3.75 trillion. The bill would also leave an additional 10.9 million people without health insurance, the CBO said. Though Republicans united to pass the bill in the House, some GOP senators remain wary, and high-profile Trump supporter Elon Musk also recently spoke out against it. The CBO analysis doesn’t take into account other possible economic changes—including a separate CBO estimate that Trump’s tariffs could shrink budget deficits by $2.8 trillion over ten years if they remain in place.

Trump bans 12 countries’ citizens from entering the US. President Trump signed a proclamation yesterday barring people from Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen from entering the US as of Monday. The order will also impose new restrictions on the entry of citizens from another seven countries, including Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan, and Venezuela. The move echoes the controversial so-called Muslim Ban restricting entry to people from several countries that Trump issued during his first term in office.

Putin vowed retaliation for Ukraine’s drone attack, Trump says. After speaking with Russian President Vladimir Putin on the phone for over an hour yesterday, President Trump said Russia was determined to respond to Ukraine’s recent drone attack, which severely damaged Russia’s strategic bomber fleet. Trump described the phone call on social media as “a good conversation, but not a conversation that will lead to immediate peace” between Russia and Ukraine, something the US has been trying to broker. The two leaders also discussed Iran, with Trump saying they agreed that “Iran cannot have a nuclear weapon.”—AR