Today USA news

Major U.S. News

1. Trump signs “Big, Beautiful Bill” during July 4 ceremony

President Trump marked Independence Day by signing a sweeping tax-and-spending package—dubbed the “One Big Beautiful Bill”—in a White House ceremony complete with military jets overhead and a B‑2 flyover. The bill makes the 2017 tax cuts permanent, boosts defense spending, funds a stricter immigration enforcement program, expands the child tax credit, and raises the state/local tax deduction cap—but critics warn it will increase the deficit by over $3 trillion and push millions off Medicaid  .

2. New U.S. tariffs loom; 90-day freeze set to expire July 9

A 90‑day pause on broad tariffs will end on July 9. The Trump administration plans to notify trading partners of new tariffs ranging from 10–70%, effective August 1 if no agreements emerge. Targets include the EU, Japan, Korea, and more; preliminary deals may be underway with the UK and Vietnam, while China is in a truce status  .

3. Fatal flash floods in Texas

Flash flooding in the Texas Hill Country has claimed at least 24 lives and left numerous people missing, including attendees at a summer camp near Kerrville—search and rescue efforts are ongoing  .

4. Divided July 4th celebrations

Independence Day festivities saw record travel, vibrant fireworks and parades, but amid protests over immigration and rising travel costs. The annual Macy’s 4‑July fireworks in NYC featured performances by Ariana DeBose, Jonas Brothers, and more—broadcast live on NBC and Peacock  .

5. Joey Chestnut reclaims hot‑dog-eating crown

At Nathan’s Famous contest in New York, Joey Chestnut devoured 71 hot dogs to secure the title once again  .

🏃‍♂️ Sports & Events

Prefontaine Classic begins July 5 in Eugene, OR. Olympic medalists like Sydney McLaughlin‑Levrone and Athing Mu join elite athletes in a Diamond League meet broadcast by NBC and Peacock  .

📊 Market Snapshot

Dow Jones futures fell ahead of the holiday weekend reopening amid mixed signals—strong job reports and a U.S.–Vietnam trade deal lifted spirits, but the new budget bill and looming tariffs weighed on investor sentiment  .

Ada