House, Trump and Republicans
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President Donald Trump’s massive tax and immigration package is nearing a final vote in the House, where Republicans labored overnight to secure votes needed to pass the One Big Beautiful Bill. The legislation cleared a procedural hurdle around 2:45 a.
2hon MSN
A global bonds selloff is accelerating on the heels of a U.S. Treasurys rout. "Markets do not find Trump's "big, beautiful tax bill" beautiful at all," an analyst said. Unease with worsening fiscal trajectories is driving the global bond selloff,
"I think that all of our colleagues here will really like the final product and I think we're going to move forward," House Speaker Mike Johnson told reporters Wednesday evening before the changes were released.
Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,
Deficit hawks who had blocked the measure two days earlier are still dissatisfied and want steeper spending cuts.
1d
President Donald Trump goes to Capitol Hill on Tuesday seeking to unify divided House Republicans on the multitrillion-dollar “big, beautiful bill” that's now at risk ahead of collapsing ahead of plan
One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.
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