After a furious few weeks of debate, closed door negotiations, open floor debate and deal-making, the Republican-controlled legislature has finally passed a final version of President Donald Trump’s budget priorities referred to by Republicans as “One Big Beautiful Bill.” It is likely going to be the most significant legislative accomplishment of Trump’s second term. And as with most bills, this one has its winners and its losers. But make no mistake, it will impact every American one way or another. USA TODAY Senior Congress and Campaigns Reporter Riley Beggin joins The Excerpt to explain what's in the final bill. 

Please let us know what you think of this episode by sending a note to podcasts@usatoday.com.

After a furious few weeks of debate, closed door negotiations, open floor debate and deal-making, the Republican-controlled legislature has finally passed a final version of President Donald Trump’s budget priorities referred to by Republicans as “One Big Beautiful Bill.” It is likely going to be the most significant legislative accomplishment of Trump’s second term. And as with most bills, <a href="https://www.usatoday.com/story/graphics/2025/07/01/winners-losers-trump-big-tax-bill-senate/84391469007/" rel="noopener noreferrer" target="_blank">this one has its winners and its losers</a>. But make no mistake, it will impact every American one way or another. USA TODAY Senior Congress and Campaigns Reporter Riley Beggin joins The Excerpt to explain what's in the final bill.&nbsp;Please let us know what you think of this episode by sending a note to podcasts@usatoday.com.

USA TODAY’s daily news podcast, The Excerpt (formerly 5 Things), brings you a curated mix of the most important headlines seven mornings a week. We also deliver special deep-dive episodes on Wednesday and Thursday afternoons on the most compelling topics in culture, entertainment, sports, politics, and more. Give us fifteen minutes a day, we'll give you all of the headlines, none of the chaos. Hosted by Taylor Wilson and Dana Taylor.  

USA TODAY’s daily news podcast, The Excerpt (formerly 5 Things), brings you a curated mix of the most important headlines seven mornings a week. We also deliver special deep-dive episodes on Wednesday and Thursday afternoons on the most compelling topics in culture, entertainment, sports, politics, and more. Give us fifteen minutes a day, we'll give you all of the headlines, none of the chaos. Hosted by Taylor Wilson and Dana Taylor.&nbsp;&nbsp;