US House passes Trump bill, which heads to White House for president’s signature

Jul 3, 2025 | INVESTING

The US House of Representatives passed a massive tax-and-spending bill on Thursday that President Donald Trump has sought since returning to the White House, an initiative that fundamentally revamps government spending and jeopardises dozens of planned clean energy projects with ties to China.
Passing in a 218 to 214 vote, the sprawling One Big Beautiful Bill Act – which would lock in Trump’s priorities on border and defence financing, and make permanent tax cuts that Congress passed at Trump’s…

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