Debt Bomb Passes: Trump’s ‘Beautiful Bill’ Edges House Despite GOP Rebels
2025-07-04 04:36:25
Main Idea
The U.S. House of Representatives narrowly passed President Donald Trump’s 'Big Beautiful Bill' despite Republican opposition, with concerns raised about its potential to increase the national debt.
Key Points
1. The bill passed with a 218–214 vote, overcoming opposition from some Republican lawmakers.
2. Republican Sens. Rand Paul, Susan Collins, and Thom Tillis opposed the measure, but the party secured the necessary votes to pass it.
3. The White House celebrated the bill's passage, calling it a 'great day' for America.
4. The Committee for a Responsible Federal Budget (CRFB) warned the bill could significantly increase the U.S. national debt, projecting a rise to 127% of GDP by 2034.
5. Former President Joe Biden criticized the bill as 'reckless' and 'cruel,' echoing Democratic Party concerns.
Description
On July 3, the U.S. House of Representatives narrowly passed President Donald Trump’s “Big Beautiful Bill” with a 218–214 vote, clearing the way for a July 4 signing. Republican Opposition Fizzles Out The U.S. House of Representatives narrowly passed President Donald Trump’s “Big Beautiful Bill” on July 3, paving the way for its signing on
Latest News
- Russian Defense Conglomerate Rostec to Adopt Ruble Stablecoin for Secure Transactions2025-07-04 11:46:36
- WOW Summit 2025 Returns to Hong Kong, Uniting Global Tech Titans to Shape the Future of Web3 and AI2025-07-04 11:15:41
- Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil2025-07-04 10:43:51
- Top Online Formula 1 Betting Sites with Bitcoin in 2025 [Bet on the British Grand Prix!]2025-07-04 10:12:48
- Digital Currency Showdown: Chinese Tech Giants Plot Yuan Stablecoin Strike Against the Dollar2025-07-04 09:40:43