In a narrow 51-50 vote, the U.S. Senate passed President Donald Trump’s sweeping tax-and-spending bill, with Vice President JD Vance breaking the tie. The legislation, now heading to the House, would extend Trump’s 2017 tax cuts, provide new breaks for tips and overtime income, and significantly boost military and immigration enforcement spending. However, it also proposes cutting $930 billion from Medicaid and food assistance programs while adding $3.3 trillion to the national debt.
The bill has exposed rifts within the Republican Party, with three GOP senators—Thom Tillis, Susan Collins, and Rand Paul—voting against it. The Congressional Budget Office warns the Senate version adds $800 billion more in debt than the House's earlier draft. Despite Trump pushing for final approval by July 4, House opposition remains strong, especially among moderates concerned about the bill’s harsh impact on healthcare and rural services.
Senator Lisa Murkowski, initially hesitant, supported the bill after it included $50 billion for rural hospitals and increased food aid for Alaska. Yet, she criticized the rushed process and warned the bill “needs more work.”
The bill’s tax cuts largely benefit the wealthiest 1% of Americans, while tightening eligibility for safety net programs could leave nearly 12 million more people uninsured. Critics, including House Democrats and billionaire Elon Musk, argue the plan harms low-income families and increases intergenerational inequality.
Despite backlash, Senate Majority Leader John Thune praised the bill for delivering “permanent tax relief” and stimulating job growth. With a slim GOP majority in the House, the final vote remains uncertain, as factions within the party continue to clash over its massive cost and social impact.


Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S.
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns
Kevin Warsh’s Fed Nomination Raises Questions Over Corporate Ties and U.S.–South Korea Trade Tensions
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns
Trump Administration Expands Global Gag Rule, Restricting U.S. Foreign Aid to Diversity and Gender Programs
Zelenskiy Awaits U.S. Details as Ukraine Prepares for Possible Peace Talks Next Week
China Approves First Import Batch of Nvidia H200 AI Chips Amid Strategic Shift
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas
Trump Proposes Two-Year Shutdown of Kennedy Center Amid Ongoing Turmoil
Trump Orders DHS to Avoid Protests in Democratic Cities Unless Federal Assets Are Threatened
RFK Jr. Overhauls Federal Autism Panel, Sparking Medical Community Backlash
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
Japan Urges Fishermen to Avoid Senkaku Islands as China Tensions Rise
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook
NTSB Opens Investigation Into Waymo Robotaxis After School Bus Safety Violations in Texas
More Than 100 Venezuelan Political Prisoners Released Amid Ongoing Human Rights Scrutiny 



