U.S. President Donald Trump signed his landmark “One Big, Beautiful Bill” into law on Friday, calling it a "triumph of democracy" during a Fourth of July ceremony at the White House.
The 870-page legislation delivers key parts of his second-term agenda, including permanent tax cuts, increased defence spending, and sweeping changes to healthcare and immigration policy.
Passed by Congress in a narrow 218–214 vote a day earlier, the bill permanently extends the 2017 tax cuts and introduces new breaks on tipped income, overtime, and Social Security. It also slashes Medicaid funding, boosts defence spending by $150 billion, and rolls back clean energy tax credits introduced under the Biden administration.
The law allocates $100 billion in new funding for Immigration and Customs Enforcement (ICE), part of Trump’s ongoing crackdown on illegal immigration. Speaking to military families at the signing, Trump said the bill would “fuel massive economic growth” and “lift up hardworking citizens,” declaring, “The Golden Age of America is upon us.”
He promoted the bill as a “historic win for American families” during a campaign rally in Iowa on Thursday, promising it would transform the economy into a “rocketship.”
Despite concerns about the bill’s cost—estimated to add $3.4 trillion to the national debt—the White House says it reflects Trump’s long-standing policy goals and vision for the country.
Australia has pledged $283 million to support a green hydrogen project led by explosives manufacturer Orica, aiming to boost renewable energy producti...
An unidentified North Korean man crossed the heavily guarded land border into South Korea and is currently in custody, according to the South’s Join...
Egypt on denounced Ethiopia’s completion of the Grand Ethiopian Renaissance Dam (GERD), warning that the move lacks any legally binding agreement an...
Turkish defence company Repkon will set up a 155-millimeter artillery ammunition filling facility in cooperation with Norwegian firm Nammo, aiming to ...
Australia has pledged $283 million to support a green hydrogen project led by explosives manufacturer Orica, aiming to boost renewable energy production and reduce industrial emissions.
Brazilian authorities have arrested a suspect linked to a cyberattack that diverted more than 540 million reais (about $100 million) from the country’s banking network.
An unidentified North Korean man crossed the heavily guarded land border into South Korea and is currently in custody, according to the South’s Joint Chiefs of Staff.
Egypt on denounced Ethiopia’s completion of the Grand Ethiopian Renaissance Dam (GERD), warning that the move lacks any legally binding agreement and undermines the water rights of downstream countries.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Brazilian authorities have arrested a suspect linked to a cyberattack that diverted more than 540 million reais (about $100 million) from the country’s banking network.
An unidentified North Korean man crossed the heavily guarded land border into South Korea and is currently in custody, according to the South’s Joint Chiefs of Staff.
Egypt on denounced Ethiopia’s completion of the Grand Ethiopian Renaissance Dam (GERD), warning that the move lacks any legally binding agreement and undermines the water rights of downstream countries.
Turkish defence company Repkon will set up a 155-millimeter artillery ammunition filling facility in cooperation with Norwegian firm Nammo, aiming to boost Denmark’s national ammunition production.
Abdul Qader Husariya, governor of the Central Bank of Syria, said on Friday that Syria will not borrow from abroad.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment