President Trump on Fridaysigned his signature tax and spending legislation, the "big beautiful bill," into law, meeting a July 4 deadline that at times appeared out of reach.
Why it matters: It's a huge achievement for Trump and congressional Republicans that will reshape federal fiscal policy for years to come. The megabill cuts funding for social safety measures, extends tax cuts —primarily for the wealthy — and finances Trump's immigration agenda.
Hamas said its response to a proposed Gaza ceasefire and hostage deal "can be characterized as positive" and stressed it is ready to start negotiations on the implementation.
Why it matters: President Trump has been pushing both Hamas through Qatari and Egyptian mediators and Israel to agree on a deal that includes a 60-day ceasefire in Gaza and the release of 10 live hostages and 18 deceased hostages.
Starting with America's 250th birthday celebration, President Trump is planning a years-long mega-celebration that puts him at the center of the world's biggest events.
Why it matters: Trump's vision for the semiquincentennial goes beyond purely American fare to showcase the country's military, economic and cultural power on a global stage.
President Trump told Ukrainian President Zelensky in a call on Friday that the U.S. wants to help Ukraine with air defense, due to escalating Russian attacks, a Ukrainian official and a source with knowledge of the call said.
Why it matters: Earlier this week the Pentagon paused a weapons shipment, including air defense interceptors and ammunition, to Ukraine's army.
President Trump on Friday morning said he was unaware that the word "Shylock" is considered by some to be antisemitic, after using it during a Thursday night rally in Iowa.
What to know: Shylock, the villain of Shakespeare's "The Merchant of Venice," was written as a greedy and vengeful Jewish moneylender who eventually is forced to convert to Christianity.
With B-2 bombers booming above, President Trump will deliver a motherlode of campaign promises for his supporters Friday, decimate his predecessor's priorities and demonstrate his total dominance over the Republican Party.
Why it matters: The MAGA mega bill is more than just an indisputable victory for the president and the party he has remade in his image.
President Trump will host a UFC fight at the White House as part of celebrations marking 250 years since the signing of the U.S. Declaration of Independence, he announced at a Thursday rally in Iowa.
The big picture: "Every one of our national park battlefields and historic sites are going to have special events in honor of 'America250' and I even think we're going to have a UFC fight," Trump said on the eve of the July Fourth holiday during a speech at the Iowa State Fairgrounds in Des Moines that kicked off yearlong 250th anniversary celebrations.
President Trump met with the Saudi Defense Minister Prince Khalid bin Salman at the White House on Thursday and discussed the situation with Iran and other regional issues, according to a source familiar with the meeting.
Why it matters: Saudi Arabia wants to de-escalate tension in the region after the 12-day war between Israel and Iran.
