What we know about the Texas floods.

I’m Isaac Saul, and this is Tangle: an independent, nonpartisan, subscriber-supported politics newsletter that summarizes the best arguments from across the political spectrum on the news of the day — then “my take.”

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Today’s read: 13 minutes.

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Quick hits.

1. President Donald Trump signed the “One Big, Beautiful Bill” into law on Friday after the House of Representatives voted to approve the bill on Thursday. (The bill)
2. The Justice Department and Federal Bureau of Investigation have reportedly concluded that they have no evidence that Jeffrey Epstein blackmailed public figures, kept a client list, or was murdered. The agencies also released video footage from Epstein’s prison cell the night he died, which purports to show no foul play was involved. (The report)
3. President Trump said he plans to restart talks with China this week over a deal to sell the social media app TikTok’s U.S. branch. (The talks) 
4. President Trump said he would send letters on Monday to 12 countries outlining the U.S. tariffs they would face if trade deals are not reached. (The letters) Separately, Trump stated that he would levy an additional 10% tariff on any country “aligning themselves with the Anti-American policies of [the intergovernmental organization] BRICS.” (The comments)
5. Former White House adviser and Tesla CEO Elon Musk announced his intention to form a new political party, called the “America Party.” (The announcement)

Today’s topic.

The floods in Texas. On Friday, flash flooding caused catastrophic damage in Texas Hill Country, a region of Central and South Texas, killing at least 89 people. As of Monday morning, at least 41 people are still missing, and rescue operations remain underway. The majority of the fatalities occurred in Kerr County, where 75 deaths have been reported. Texas Lt. Gov. Dan Patrick said that the Guadalupe River rose about 26 feet in 45 minutes Friday morning, and the city of Kerrville said the river reached its second-highest height on record. On Sunday, President Donald Trump signed a major disaster declaration for the county, activating the Federal Emergency Management Agency to assist local officials with the disaster response.