This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, Congress reporter Alicia Diaz recounts a week to remember on Capitol Hill. Sign up here and follow us at @bpolitics. Email our editors here.

Blanket, Hoodie

The Capitol this week resembled an enormous library full of college kids pulling all-nighters before a final, and for sleep-deprived Republican lawmakers, this test was perhaps as intense as anything in their student days because President Donald Trump was watching closely.  

The final act of Trump’s sprawling tax and spending bill kicked off Monday morning with round after round of proposed amendments to the Senate version of the measure. That session extended over more than 24 hours in what is known as a “vote-a-rama.”

It’s usually an opportunity for the minority party to force politically uncomfortable votes on the majority. But this time around, it gave Senate Majority Leader John Thune time to negotiate behind the scenes and overcome the misgivings of reluctant colleagues. Senator Thom Tillis of North Carolina eventually voted no — after announcing he wouldn’t seek reelection. 

Representative Tom Suozzi, a New York Democrat, on the steps of the US Capitol early this morning.  Photographer: Kent Nishimura/Bloomberg

In the hours before dawn, Senator Lisa Murkowski of Alaska draped herself in a fuzzy blanket, and Senator Elizabeth Warren of Massachusetts wore a zipup hoodie on the traditionally formal chamber floor. 

Murkowski, who had raised concerns about the bill’s Medicaid and clean energy cuts, ultimately pivoted to an “aye” vote on Tuesday morning. That propelled the measure toward passage, kicking it back to the House to deliberate and vote on the changes. 

House Speaker Mike Johnson summoned members back to Washington immediately, even as summer storms led to the cancellation of flights. Some lawmakers rented vans and drove. Representative Nancy Mace of South Carolina documented her road trip, wearing pajamas to stops at Waffle House and Wawa. 

Moderate Republicans and fiscal ultraconservatives publicly decried the bill, vowing to vote “no” unless they got their desired revisions. Trump attacked the naysayers on social media, reiterating that the House must get him the bill by July 4.

He got his wish with a close vote this afternoon, but only after Democratic Leader Hakeem Jeffries assailed the bill as an “all-out assault” on health coverage and social safety-net programs in an eight-hour-plus speech that broke a House floor record.   — Alicia Diaz

Don’t Miss

Trump secured a sweeping shift in US domestic policy as the House passed his $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reversed much of Joe Biden’s efforts to move the country toward a clean-energy economy.

The Trump administration is reaching out to business executives to weigh interest in accompanying him on a possible trip to China this year, according to people familiar with the matter.

A Top Chinese Communist Party official, Liu Jianchao, told a forum in Beijing that war between his country and the US was “unimaginable,” though he urged the Americans to respect the principle that Taiwan is part of China’s territory.

Russian President Vladimir Putin and Trump discussed Ukraine in telephone talks today, with the Kremlin later indicating that little progress was made in the US president’s efforts to bring an end to the war that began in February 2022.

US employers added 147,000 jobs last month, exceeding estimates, while the unemployment rate ticked lower to 4.1%, according to the Bureau of Labor Statistics.  

Kilmar Abrego Garcia, whose case has become a flash point for Trump’s immigration policy, was beaten, deprived of sleep and subjected to psychological torture at an El Salvador mega-prison after he was wrongly deported, his lawyers said in court papers.

The Trump administration has lifted recent export license requirements for chip design software sales in China, as Washington and Beijing implement a trade deal for both countries to ease some restrictions on critical technologies.
 

Watch & listen

On the Trumponomics podcast, host Stephanie Flanders, Bloomberg’s head of government and economics, speaks with Jonathan Levin, a Bloomberg Opinion columnist focused on US markets and economics, and Kate Davidson, Bloomberg’s managing editor for US economic policy on Trump’s crackdown in immigration. Listen on Apple Podcasts, Spotify or wherever you get your podcasts.

Chart of the Day

Gasoline will be cheaper over the Fourth of July holiday — and considering inflation, it's an outright bargain. The national average price for a gallon of regular unleaded is $3.19 as of Monday, down sharply from the peaks of recent years and well below the long-run inflation-adjusted average, according to data from the American Automobile Association. That’s good news for Trump, considering that few economic indicators are as visible — or as politically potent — as the price at the service station. Still, the national average masks wide regional variation. Drivers in Mississippi are paying just $2.72 a gallon, while Californians are shelling out $4.59. — Gregory Korte

What’s Next

Financial markets in the US won’t be open tomorrow because of the July 4 holiday.

The 90-pause for Trump’s reciprocal tariffs on most counties is scheduled to end next Tuesday.

Data on consumer credit in May will be released next Tuesday.

(Programming note: Washington Edition is on a limited schedule this week. We’ll be back full time July 7.)

Seen Elsewhere

Narges Mohammadi, an Iranian human rights advocate who won the Nobel Peace Prize in 2023, tells the Wall Street Journal that in the aftermath of the disastrous 12-day war with Israel, her country’s leaders will respond even more harshly to dissent. 

Azerbaijan, an oil-rich former Soviet republic, once enjoyed a close association with Russia, but relations with the Kremlin have waned as it pursues closer alliances with Turkey and Israel, the Washington Post reports. A crisis arose when two Azeri brothers died in custody after being arrested in a sweeping investigation, prompting retaliation by Azerbaijan, including a raid on the offices of a Russian news agency in Baku.  

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