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Senate passes Trump’s sweeping ‘big beautiful’ agenda bill, sending it to the House

  • On July 1, 2025, the Senate narrowly passed the Republican-led One Big Beautiful Bill, a sweeping tax and spending reform, sending it to the House in Washington, D.C.
  • The bill followed intense negotiations over Medicaid cuts and border security funding, while Democrats and some Republicans opposed key provisions and the bill's broader impact.
  • Key elements include $4.5 trillion in tax cuts, elimination of federal income tax on certain overtime pay, rollback of green energy credits, and $350 billion for border and national security.
  • The Senate's 51-50 vote was broken by Vice President JD Vance, amid criticism from Elon Musk and Democrats warning of 11.8 million more uninsured Americans and a rising deficit of $3.3 trillion.
  • The bill returns to the House for a final vote expected soon, and if approved, President Trump plans to sign it into law before the July Fourth deadline.
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The "Big Beautiful Bill", as Trump calls his new budget law, brings trillions of new debts. However, the bond market could make a dash of money for him.

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With the Big Beautiful Bill, Congress approves one of the US President's prestigious projects, but the legislative package could soon turn out to be a capital mistake.

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npr broke the news in Washington, United States on Monday, June 30, 2025.
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