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

UNITED STATES, JUL 1 – Vice President JD Vance cast the tie-breaking vote to pass the legislation, which includes $1 trillion in Medicaid cuts and is expected to cause nearly 12 million Americans to lose health coverage.

  • On Tuesday, the U.S. Senate narrowly approved President Trump's $4.5 trillion tax and spending bill 51-50, with Vice President JD Vance casting the tie-breaking vote, including $1.2 trillion in Medicaid savings.
  • Amid warnings of rising debt, the Congressional Budget Office projects a $3.3 trillion increase over ten years, leading to Medicaid and food aid cuts to offset revenue losses.
  • Data shows up to 17 million Americans, including 12 million low-income and disabled, could lose Medicaid coverage due to proposed cuts.
  • Some House Republicans have voiced reservations, with four no votes potentially threatening the bill's passage in the House.
  • Looking ahead, the Congressional Budget Office estimates a $3.3 trillion debt increase over a decade due to Medicaid and food aid cuts, resulting in lasting program reductions.
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Center

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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Lean Left

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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