Rescission package heads to final vote. And, Trump floats firing the Fed chairman

Senate Minority Leader Sen. Chuck Schumer (D-NY) gives a statement after a policy luncheon with Democratic senators at the U.S. Capitol on July 15, 2025 in Washington, DC.

The Senate voted to approve a rescission package that claws back funds allocated for public media and foreign aid. And, President Trump floats the idea of firing the Federal Reserve chair.

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