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.
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Thailand’s Queen Mother Sirikit, a global style icon and patron of Thai silk who helped revive the monarchy’s standing after World War II and later occasionally stepped into politics, has died aged 93, the Royal Household Bureau said on Saturday.
The U.S. allegedly carried out its first night strike of a regional counter-drug campaign in the Caribbean, killing six suspected "narco-terrorists" on a vessel linked to the Tren de Aragua gang, Defense Secretary Pete Hegseth said.
Colombian President Gustavo Petro has condemned U.S. military operations against vessels in the Caribbean, which have resulted in dozens of deaths and heightened tensions in the region.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Thailand’s Queen Mother Sirikit, a global style icon and patron of Thai silk who helped revive the monarchy’s standing after World War II and later occasionally stepped into politics, has died aged 93, the Royal Household Bureau said on Saturday.
The U.S. allegedly carried out its first night strike of a regional counter-drug campaign in the Caribbean, killing six suspected "narco-terrorists" on a vessel linked to the Tren de Aragua gang, Defense Secretary Pete Hegseth said.
Colombian President Gustavo Petro has condemned U.S. military operations against vessels in the Caribbean, which have resulted in dozens of deaths and heightened tensions in the region.
Kremlin spokesman Dmitry Peskov said on Friday that Russian President Vladimir Putin and U.S. President Donald Trump have not ruled out the possibility of a future summit.
Mexican President Claudia Sheinbaum said on Friday (24 October) that trade talks with Washington are progressing well. She declined to comment on U.S. President Donald Trump’s decision to halt negotiations with Canada over Ontario’s anti-tariff advertisement.
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