U.S. President Donald Trump signed a sweeping tax and spending bill into law on the Fourth of July, marking a major legislative victory during his second term. Framed as a patriotic celebration, the White House South Lawn ceremony featured military flyovers and was attended by hundreds of Trump supporters, Republican lawmakers, and military families.
The legislation, narrowly passed by the Republican-led House in a 218-214 vote, makes Trump’s 2017 tax cuts permanent, funds an aggressive immigration crackdown, and introduces deep cuts to federal spending. Critics warn the bill could strip millions of Americans of health insurance and increase food insecurity among low-income families.
Calling it “the biggest tax cut, the biggest spending cut, and the largest border security investment in American history,” Trump praised House Speaker Mike Johnson and Senate Majority Leader John Thune for pushing the bill through Congress. Despite some Republican concern over the projected $3 trillion addition to the national debt, only two GOP members opposed the bill, alongside all 212 Democrats.
House Democratic Leader Hakeem Jeffries led a passionate floor protest with a record-breaking eight-hour speech, denouncing the bill as a handout to the wealthy that harms everyday Americans.
Democratic National Committee Chair Ken Martin labeled the legislation a betrayal of working families and warned it would backfire on Republicans in the 2026 elections, accusing the GOP of siding with billionaires and special interests over voters.
The bill’s passage represents a key win for Trump’s economic and border security agenda, though controversy over its long-term effects on debt, healthcare, and social safety nets remains fierce.


International Outcry Grows Over Re-Arrest of Nobel Laureate Narges Mohammadi in Iran
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move
Trump Claims Pardon for Tina Peters Despite No Legal Authority
U.S. Homeland Security Ends TSA Union Contract, Prompting Legal Challenge
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer
Supreme Court to Weigh Trump’s Power to Remove FTC Commissioner
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs
U.S. Military Bill Seeks to End Dependence on China for Display Technology by 2030
Australia Pushes Forward on AUKUS Submarine Program Amid Workforce and Production Challenges
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns
Trump Administration Unveils High-Priced “Trump Gold Card” Visa Program
California, 18 States Sue to Block Trump’s $100,000 H-1B Visa Fee
Trump Administration Fuel-Efficiency Rollback Could Raise Long-Term Costs for U.S. Drivers
Preservation Group Sues Trump Administration to Halt $300 Million White House Ballroom Project 



