U.S. President Trump's "One, Big Beautiful Bill Act," H.R. 1 includes $1 billion for the U.S. Space Force (USSF) X-37B military spacecraft program.

Louisiana voted for Trump. But it also relies heavily on Medicaid benefits, which are set to face steep cuts under the president's new One Big Beautiful Bill Act.

Rana Foroohar, global business columnist and associate editor at the Financial Times, tells Fareed that President Trump’s tax cuts for the rich and spending cuts that target the poor could spell disaster for the US economy.