2026-06-05
Senate funds ICE. Jobs report kills rate-cut hopes. Putin refuses Zelensky talks.
Good evening. Senate Republicans narrowly passed $70 billion to fund ICE and Border Patrol through Trump's term. A hot jobs report convinced the Fed to shelve rate cuts. And across the Capitol, smaller rebellions are breaking out.
What Actually Happened
Republicans narrowly approved the bill. Trump called it a victory. Democrats opposed it. The outcome was never in doubt.
Democrats objected on grounds that ICE agents had killed two U.S. citizens. The bill passed anyway.
A small number of Republicans broke ranks. It was the latest legislative snub to Trump. Party discipline is no longer party-wide.
Republicans on the Armed Services Committee advanced Trump's proposal overnight as part of the $1.15 trillion fiscal 2027 defense bill. The name change survived the committee vote.
Seven Republicans joined Democrats to kill a FISA extension. The sticking point: Trump's nomination of Bill Pulte. Cross-party coalitions are breaking out like hives.
May's employment numbers were strong enough to convince Chair Warsh and the Fed that cuts would have to wait. The rate-cut trade is dead for now.
Stahl, Whitaker, and Wertheim announced Friday they would remain after CBS management turmoil. They had been expected to leave.
Thousands demonstrated in Tirana against the Jared Kushner-backed luxury complex. Trump's son-in-law is moving ahead anyway.
- Putin declines Zelensky meeting on Ukraine war
- Bloomberg Money: Sonders and Santos on markets
- Bloomberg editors discuss tech trends in SF
- Xi travels to North Korea next week
- Trump lawyers refuse to reveal financial information to BBC in defamation case
"Worth paying attention to. Don't doomscroll."
"The wire took a breath. Don't get used to it."
Congress just funded immigration enforcement, rejected rate cuts, and blocked spying on Trump's team—each vote a separate rebellion against
Back at 7:00 AM ET with the morning shot brief.