July 2, 2025: Crunch time for Trump’s megabill

The GOP’s massive reconciliation package heads back to the House this morning after narrowly crawling to passage in the Senate yesterday. But it looks much different than the last time the chamber considered it: To get through the Senate, the bill underwent an major makeover that drastically increases the deficit and could complicate the voting math in the House. The implications — for everyday Americans, for President Donald Trump’s agenda and for the 2026 and 2028 elections — couldn’t be much bigger. POLITICO senior Congress editor Mike DeBonis joins Playbook author Jack Blanchard to talk through how it went down and what comes next.