Trump, House and beautiful bill
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A key committee worked through the night on the legislation as Republican leaders sought agreement from various party factions.
Between a barrage of executive orders, foreign trips and norm-shattering proclamations, President Donald Trump has also been busy raking in cash.
The Republican National Committee spent more than $300,000 at businesses tied to Donald Trump and Donald Trump Jr. in March—including nearly $200,000 at Mar-a-Lago—showing that even as Trump promotes new revenue streams like crypto and Truth Social,
Speaker Mike Johnson (R-Louisiana) finished negotiating with warring factions of the House GOP conference late Wednesday and began alerting lawmakers about the final changes to Trump’s One Big Beautiful Bill. Votes could come in the wee hours Thursday morning.
A Republican-backed tax and spending bill is generating significant apprehension among Wall Street experts and economists due to its potential to inflate the national debt. The proposed bill, an attempt to renew the 2017 Tax Cuts and Jobs Act,
P resident Donald Trump’s “big, beautiful” tax-and-spending bill could come with a big, ugly cost, economists warn. Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade.
The provision would bar courts from enforcing contempt citations for violations of injunctions or temporary restraining orders unless a bond has been paid.
House Republicans’ tax package would only provide a modest boost to economic growth, according to a new government analysis that’s sure to disappoint GOP lawmakers. The plan would increase the average annual growth rate by 0.