In this episode of WSJ's Take On the Week, we jump straight into a topic on many minds: the GOP's One Big Beautiful Bill. Co-hosts Gunjan Banerji and Telis Demos are joined by Michael McLean, public policy senior analyst at Barclays, to unpack what some investors are paying attention to when it comes to the GOP’s One Big Beautiful Bill. McLean explains the differing viewpoints between Washington and Wall Street and the role of a rising U.S. deficit. Plus, the hosts share and answer listener questions about tax policy asked at WSJ’s Future of Everything conference in May.

The conversation also explores what economic growth the tax and budget bill can bring and why investors and government officials alike are watching to see how this tax bill addresses concerns with Medicare, Medicaid and Social Security.

This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.

Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at [email protected]. 

To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com. 

Further Reading 

Trump’s ‘Big, Beautiful Bill’ Gets Slimmed Down in Senate 

The Tax Bill Would Deliver a Big Win for Private Schools—and Investors 

The Path to Record Deficits 

For more coverage of the markets and your investments, head to WSJ.com, WSJ’s Heard on The Street Column, and WSJ’s Live Markets blog. 

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