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.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as...
Israel and Lebanon are discussing a U.S.-backed proposal that would see Israeli forces withdraw from parts of southern Lebanon and transfer control of...
The head of the United Nations nuclear watchdog has said inspections in Iran will resume in the near future following an interim peace agreement betwe...
Pakistan and Russia have agreed to deepen counterterrorism cooperation amid continuing concerns over militant threats emanating from Afghanistan, unde...
Andy Burnham's path to Downing Street appeared to become clearer on Wednesday after another potential challenger ruled himself out of the Labour leade...
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
Israel and Lebanon are discussing a U.S.-backed proposal that would see Israeli forces withdraw from parts of southern Lebanon and transfer control of those areas to the Lebanese army, according to officials from both sides.
The head of the United Nations nuclear watchdog has said inspections in Iran will resume in the near future following an interim peace agreement between Tehran and Washington. However, Iranian officials insist access to key facilities remains contingent on a final deal and the lifting of sanctions.
Pakistan and Russia have agreed to deepen counterterrorism cooperation amid continuing concerns over militant threats emanating from Afghanistan, underlining growing alignment between the two countries on regional security.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal waters as they tried to escape the heatwave.
The head of the United Nations nuclear watchdog has said inspections in Iran will resume in the near future following an interim peace agreement between Tehran and Washington. However, Iranian officials insist access to key facilities remains contingent on a final deal and the lifting of sanctions.
Pakistan and Russia have agreed to deepen counterterrorism cooperation amid continuing concerns over militant threats emanating from Afghanistan, underlining growing alignment between the two countries on regional security.
Andy Burnham's path to Downing Street appeared to become clearer on Wednesday after another potential challenger ruled himself out of the Labour leadership race.
Karim Khan, chief prosecutor of the International Criminal Court (ICC), faces possible removal from office after a key oversight body concluded he engaged in serious misconduct involving a junior staff member.
France has confirmed its first Ebola case linked to the current outbreak in the Democratic Republic of Congo after a doctor returning from a humanitarian mission tested positive for the virus, the health ministry said on Wednesday (24 June).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment