The Republican-led US House of Representatives narrowly passed the “Big, Beautiful Bill,” a sweeping tax and spending legislation that aligns with President Trump’s agenda, adding approximately $3.8 trillion to the national debt over the next decade. The bill, which includes tax cuts, military spending increases, and immigration enforcement measures, faced opposition from Democrats and some Republicans, highlighting concerns about its impact on low-income Americans and the growing national debt, currently at 124% of GDP. It now moves to the Senate for further debate and potential amendments.
Loading PerspectiveSplit analysis...
