MEXICO: President Sheinbaum Says Security Agreement With US Is Almost Ready
Jul-04 15:12
- Speaking at her daily press conference, President Sheinbaum said that a deal with the US on security issues is very advanced and almost ready, according to reports on Bloomberg. She also said that the government is seeking a global deal that will include migration and trade.
- Her comments follow a call between Mexico Foreign Minister Juan Ramon de la Fuente and US Secretary of State Marco Rubio on Wednesday, during which this global deal was discussed, along with plans to set up a working group between the two countries soon.
- "*MEXICO CLOSE TO SECURITY AGREEMENT WITH US: SHEINBAUM" - BBG
- "*MEXICO SEEKS 'GLOBAL' DEAL ON MIGRATION, TRADE TOO: SHEINBAUM"
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US: Lawler Threatens To Tank Big Beautiful Bill If Senate Changes SALT Cap
Jun-04 15:04
Rep Mike Lawler (R-NY) warned in a statement on X that SALT Republicans could torpedo the 'Big Beautiful Bill' in the House, if the Senate changes the $40,000 State and Local Tax (SALT) deduction in the House-passed version of the bill.
- Lawler said: "Let’s be clear — no SALT, no deal... If the Senate changes the negotiated number of $40,000 — it will derail final passage of the bill."
- Lawler's statement came in response to a comment from Senate Majority Leader John Thune (R-SD) on SALT: “There’s gonna have to be some adjustments. Senators just are in a very different places than the House is on that”.
- While there is a sizable contingent of blue-state Republicans in the House (enough to sink the bill), there are no Republican Senators from high-tax blue states who have the same political imperative to enact the SALT deduction. Many Republican senators view the SALT deduction as a red-state subsidy for blue states.
- Lawler's comment brings into sharp focus the problem for both Thune and House Speaker Mike Johnson (R-LA), who are both facing rebellions from their moderate and conservative flanks over the shape of the final reconciliation package.
- Senate Finance Committee Republicans are scheduled to meet with President Donald Trump at the White House at 16:00 ET 21:00 BST to discuss disputes over the tax policies in the bill. Trump has previously backed a higher SALT cap but is under pressure from conservatives to endorse more deficit reduction measures.
