AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
The controversial bill, known as the "One Big Beautiful Bill" (OBBB), has narrowly passed the Senate with a 50-50 vote, requiring Vice President JD Vance to cast the deciding vote in favor of the Republicans. This legislation, championed by U.S. President Donald Trump, promises significant tax cuts and proposes to reduce funding for Medicaid and the Supplemental Nutrition Assistance Program (Snap).
Critics of the OBBB argue that it will substantially increase the national debt. Former Trump advisor Elon Musk expressed his opposition, stating that if the bill passes, an alternative political party, the America Party, would be formed to give the people a voice. Musk's comments came a day before the Senate vote, highlighting the intense debate surrounding the legislation.
With the Senate's approval, the OBBB now moves to the House of Representatives, where it is expected to face strong opposition from Democrats and some Republicans. President Trump has positioned the bill as a key driver for an "economic renaissance" in the United States, emphasizing growth and investment. He stated on Truth Social that the bill would lead to a deficit cut in half, record investment, and a surge in jobs and factories in the USA.

Quickly understand the history and background of various well-known coins

Dec.02 2025

Dec.02 2025

Dec.02 2025

Dec.02 2025

Dec.02 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet