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Trump’s ‘Big, Beautiful Bill’ Passes House — Eyes Turn to Senate

Trump’s ‘Big, Beautiful Bill’ Passes House — Eyes Turn to Senate

The House has passed what President Trump calls his “big, beautiful bill,” a sweeping piece of legislation combining major tax cuts, tighter welfare requirements, and trillions in new federal spending.

Passed by a razor-thin margin (215-214), the bill includes a $4 trillion debt ceiling hike, looser rules on state and local tax (SALT) deductions, and stricter Medicaid work requirements.

All Democrats opposed it, joined by a few Republicans. The bill now heads to the Senate.

Eight more from the desk

Other dispatches from the bullion wire.