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Vance Tries to Sell the Benefits of Trump’s Megabill but Ignores the Costs

In a visit to Pennsylvania, Vice President JD Vance stressed tax cuts and savings accounts for newborns, with no mention of trims to Medicaid and nutritional assistance programs many Trump voters rely on.

© Eduardo Munoz/Reuters

Vice President JD Vance spoke at a machine shop in eastern Pennsylvania on Wednesday to promote the Trump administration’s signature domestic policy legislation.
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Ceratosaur Fossil Auctioned for $30.5 Million by Sotheby’s

The price paid for the juvenile specimen of the 150-million-year old predatory dinosaur is the third-highest on record.

© Eduardo Munoz/Reuters

A handler with the juvenile Ceratosaurus skeleton during preparations for the Sotheby’s Natural History auction in New York City earlier this month.
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Lawyers for Kilmar Abrego Garcia Question Evidence in Criminal Case

The exchanges unfolded at a hearing in Federal District Court in Nashville intended to determine whether Kilmar Armando Abrego Garcia should be freed from criminal custody as he awaits trial.

© Jim Watson/Agence France-Presse — Getty Images

Demonstrators gathered to support Kilmar Armando Abrego Garcia this month in Maryland.
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Can Trump Fire Powell? He Likely Lacks Case to Remove Fed Chair, Experts Say.

The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.

© Al Drago for The New York Times

President Trump has seized on Jerome H. Powell’s renovation of the Federal Reserve’s headquarters as a potential reason to fire him, intimating that he engaged in “fraud.”
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Trump’s National Guard Troops Are Questioning Their Mission in L.A.

Thousands of National Guard members have served in the L.A. region since last month. Six soldiers spoke in interviews about low morale over the deployment.

© Mark Abramson for The New York Times

Members of the California National Guard have protected federal buildings and accompanied agents on immigration raids in the Los Angeles region.
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Scandal-Ridden Fyre Festival Is Sold for $245,000 on eBay

Billy McFarland, who served nearly four years in prison for fraud, said in April that he would put the beleaguered brand that he founded up for sale.

© Ben Sklar for The New York Times

Fyre Festival organizer Billy McFarland, who wound up going to prison for nearly four years after he entered a guilty plea to charges that included wire fraud, in Brooklyn following his release in 2022.
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Louisiana Police Chiefs Accused of Fabricating Robberies in Immigrant Visa Scheme

Prosecutors said the chiefs and other officials exploited a program that offers immigrant victims of violent crime a pathway to residency and citizenship.

© KATC, via Associated Press

Alexander C. Van Hook, the acting U.S. attorney for the Western District of Louisiana, announcing charges against current and former police chiefs at a news conference in Lafayette, La., on Wednesday.
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Congress Was Supposed to Vote on 3 Crypto Bills This Week

The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.

© Tierney L. Cross/The New York Times

Three bills that the crypto industry pushed were scheduled for votes this week in the House of Representatives.
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The Chaotic Early Days Inside Florida’s ‘Alligator Alcatraz’ Detention Center

Several immigrant detainees described high tension and anxiety at the remote, hastily constructed facility over a lack of information, recreation and access to medication.

© Ava Pellor for The New York Times

Florida raced to open the Everglades detention center on July 3, eager to help President Trump’s immigration crackdown by providing more detention capacity.
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Republican Tax Bill Is a Losing Deal for Gamblers

The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

© Emily Najera for The New York Times

A casino in Reno, Nev. The change has led to backlash from the gambling industry, which argues that the tax increase will hurt the hospitality sector in states like Nevada.
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How Republicans Supersized Silicon Valley’s Favorite Tax Break

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.

© Eric Lee for The New York Times

Congress has expanded a tax break, known as the qualified small business stock exclusion, that allows investors and founders to skip out on paying taxes when they cash out their shares in start-ups.
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Rum, Fisheries and a Sculpture Garden: The Quiet Winners in Trump’s Big Bill

The president’s marquee policy legislation is best known for slashing taxes and cutting social safety net programs. But the sweeping measure also included many little-noticed goodies and add-ons.

© Ash Adams for The New York Times

A fishing boat in Metlakatla, Alaska. Senator Lisa Murkowski of Alaska may have come away with the biggest pot of benefits narrowly targeted to her state.
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