Foreign investors hold $9.05 trillion of debt, of which:
Trump championed during his first term as president, in 2017. It would also increase the funds available for Trump’s “mass deportation” effort and heightened security along the US-Mexico border.Some $46.5bn, for instance, would be earmarked to renew construction of the southern border wall and other barriers, another hallmark of Trump’s first term in office.
But to pay for those tax cuts and policy priorities, the bill proposes measures that remain controversial on both sides of the political spectrum.One provision, for instance, would increase the federal debt limit by $4 trillion. Others would impose strict work requirements on programmes like Medicaid — a government health insurance for low-income Americans — and Supplemental Nutrition Assistance Program (SNAP), sometimes known as food stamps.Those work requirements are expected to bar thousands of people from accessing those safety-net programmes, allowing for cost savings. But critics fear those barriers will drive some families deeper into poverty.
In a preview of an interview with the TV show CBS Sunday Morning, Musk expressed frustration with thesheer cost of the bill
, echoing criticism from fiscal conservatives.
He also accused the “Big Beautiful Bill” of setting back the progress he made as leader of the Department of Government Efficiency (DOGE), a task force Trump established to pare back “wasteful” spending.Leo, the former US Cardinal Robert Prevost, was a relative unknown on the global stage, before he was elected pontiff, who spent most of his career as a missionary in Peru before serving as a senior Vatican official.
Saturday’s meeting took place in the same small Vatican auditorium where the cardinals had been gathering in the days before the conclave to discuss who should be the next pope.Czech Cardinal Dominik Duka was cited by the Reuters news agency as saying the situation of Catholics in communist China had been raised as an issue.
The Vatican and China in 2018 signed a controversial deal on the appointment of bishops in the country, which gives Beijing some input into their selection.Conservatives have attacked the still-secret deal as a sellout, but Duka told Reuters it was necessary to keep dialogue open in places where the Church is oppressed.