Trump's 'Big, Beautiful Bill' Passes House
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America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans and Democrats came together to pass a forceful, and expensive, emergency response that helped prevent permanent scarring to the economy.
The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.
Speaker Mike Johnson joked that he was "going to strangle" Andrew Garbarino for apparently falling asleep before the vote.
The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday.
Catch up on the political news of the past week in the latest At the Races newsletter, including budget reconciliation and the 2026 midterms.
The bill, which Republicans will be working to pass over the next several weeks, is the centerpiece of Trump's legislative agenda.
Speaker Mike Johnson delivered a major win for President Donald Trump early on Thursday morning, uniting a deeply divided House GOP to pass a bill that many of them were still pushing fiercely to change.
The Congressional Budget Office estimates the Republican bill would shrink resources for low-income households.