Senate Approves $3.3T Trump Fiscal Bill, House Faces Key Test
Senate Approves $3.3T Trump Fiscal Bill, House Faces Key Test

Senate Approves $3.3T Trump Fiscal Bill, House Faces Key Test

News summary

President Donald Trump's signature $3.3 trillion 'One Big Beautiful Bill Act,' a massive fiscal package including permanent tax cuts and spending reductions primarily targeting Medicaid and SNAP, has passed the Senate and is now pending in the House. The bill, central to Trump's second-term agenda, also allocates significant funds for border and national security and aims to strengthen Medicare and Social Security without cuts, according to Trump. Despite near-unanimous Republican Senate support, some GOP Senators and House members, including Rep. Ralph Norman, have criticized the rush to pass the 940-page bill without sufficient time for review. Democrats uniformly oppose the bill, calling it reckless and disproportionately beneficial to the wealthy, and have used procedural tactics to delay its passage. Vice President JD Vance played a crucial role in breaking a Senate tie to advance the legislation, while Speaker Mike Johnson faces the challenge of uniting House Republicans to reconcile Senate changes and pass the bill before the July 4 deadline. The Congressional Budget Office warns the bill could increase the deficit by nearly $3.3 trillion over ten years and potentially cause millions to lose health insurance, fueling bipartisan concern and debate.

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