Donald Trump’s flagship bill has passed the House. It promises tax cuts, military spending, and deep cuts to social programmes. The price: $2.4 trillion added to the U.S. debt.
After a 24-hour session, House Republicans have approved Trump’s most ambitious economic plan. It passed 215 to 214, by a single vote.
The bill, named the One Big Beautiful Bill, stretches across tax, immigration, and budget policy. It renews Trump-era tax cuts. It adds new pledges: no taxes on tips or overtime pay.
Trump called it a “deal for working Americans.” Economists see rising debt. The Congressional Budget Office projects it will add $2.4 trillion to the deficit over ten years.
To compensate, the bill slashes more than $1 trillion from social safety net programmes. It includes nearly $500 billion in cuts to Medicare. It could strip Medicaid from 8.7 million people. An additional 7.6 million may lose health coverage.
Despite the scale, Trump’s allies say the bill boosts growth. “You’ll have more money in your pocket,” said House Majority Leader Steve Scalise. “Businesses will hire more. The economy will take off.”
Markets disagreed. Bond yields rose on Wednesday as investors signalled unease. Some lawmakers echoed that concern.
“This bill is a debt bomb ticking,” said Rep. Thomas Massie. “Congress can pretend. Bond markets won’t.”
Trump personally brokered the vote. He lobbied holdouts by phone. He rallied Republicans at his Florida resort. When the bill stalled, he summoned budget hawks to the White House. By nightfall, they flipped.
“He’s the closer,” said Rep. Eric Burlison. “The maestro of the deal.”
But the party remains split. Conservatives say the bill spends too much. Moderates say it cuts too deep.
Disputes over Medicaid, food assistance, and state tax deductions boiled over. Trump told Republicans not to “mess around” with Medicaid. But interpretations varied. Some read it as a warning. Others saw it as cover to trim excess.
The bill now moves to the Senate. It faces further negotiation, and likely revision. Some Republicans want deeper cuts. Others want softer language.
What began as a campaign slogan is now a legislative test. Trump delivered the House. The Senate is next.
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
Israeli Prime Minister Benjamin Netanyahu harshly criticized UK’s Starmer, France’s Macron, and Canada’s Carney for urging a halt to Israel’s military action in Gaza, accusing them of siding with Hamas and undermining justice.
The second meeting of customs leaders from Central Asia and China was held in Almaty, focusing on digitalization, AI integration, border crossing agreements, and expanding cooperation to strengthen regional trade and logistics.
Azerbaijan’s Minister of Economy Mikayil Jabbarov has been appointed Chairman of the Board of Governors of the Islamic Development Bank Group, with the 2026 Annual Meeting set to take place in Azerbaijan.
During President Shavkat Mirziyoyev’s official visit to Slovenia, Uzbekistan and Slovenia signed several important agreements covering visa exemptions for diplomats, education, transport, smart cities, water management, and tourism to enhance bilateral cooperation.
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
Israeli Prime Minister Benjamin Netanyahu harshly criticized UK’s Starmer, France’s Macron, and Canada’s Carney for urging a halt to Israel’s military action in Gaza, accusing them of siding with Hamas and undermining justice.
Harvard University has been stripped of its ability to enroll international students after the U.S. Department of Homeland Security accused it of fostering antisemitism and refusing federal oversight, marking a major escalation in the Trump administration’s crackdown on elite universities.
The second meeting of customs leaders from Central Asia and China was held in Almaty, focusing on digitalization, AI integration, border crossing agreements, and expanding cooperation to strengthen regional trade and logistics.
Azerbaijan’s Minister of Economy Mikayil Jabbarov has been appointed Chairman of the Board of Governors of the Islamic Development Bank Group, with the 2026 Annual Meeting set to take place in Azerbaijan.
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
AnewZ and Kazakhstan’s Jibek Joly/Silk Way TV channel co-hosted a special AnewZ Talks in Astana at Maqsut Narikbayev University (MNU), uniting global experts and young leaders at Silk Road Media Group’s journalism school to explore the growing intersection of media and diplomacy.
The Tehran Dialogue Forum 2025, scheduled for May 18–19, will host 200 international guests, including 40 current and former European officials.
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
Israeli Prime Minister Benjamin Netanyahu harshly criticized UK’s Starmer, France’s Macron, and Canada’s Carney for urging a halt to Israel’s military action in Gaza, accusing them of siding with Hamas and undermining justice.
Harvard University has been stripped of its ability to enroll international students after the U.S. Department of Homeland Security accused it of fostering antisemitism and refusing federal oversight, marking a major escalation in the Trump administration’s crackdown on elite universities.
German Finance Minister Lars Klingbeil expressed hope that the G7 will issue a joint communique supporting Ukraine, despite tensions with the US over wording related to the conflict with Russia. Talks also continue on trade issues and sanctions.
French President Emmanuel Macron urged Chinese President Xi Jinping to avoid tariffs on Cognac and to support ceasefires in Ukraine and Gaza, as the leaders discussed trade tensions and global conflicts.
Germany’s far-right AfD says the Bundeswehr has become too soft and wants to bring back discipline and a “warrior culture” inspired by the U.S. military under Trump, slamming progressive reforms as harmful to combat readiness.
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
Israeli Prime Minister Benjamin Netanyahu harshly criticized UK’s Starmer, France’s Macron, and Canada’s Carney for urging a halt to Israel’s military action in Gaza, accusing them of siding with Hamas and undermining justice.
Harvard University has been stripped of its ability to enroll international students after the U.S. Department of Homeland Security accused it of fostering antisemitism and refusing federal oversight, marking a major escalation in the Trump administration’s crackdown on elite universities.
The second meeting of customs leaders from Central Asia and China was held in Almaty, focusing on digitalization, AI integration, border crossing agreements, and expanding cooperation to strengthen regional trade and logistics.
Azerbaijan’s Minister of Economy Mikayil Jabbarov has been appointed Chairman of the Board of Governors of the Islamic Development Bank Group, with the 2026 Annual Meeting set to take place in Azerbaijan.
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