Overview

• Five House Republicans voted against a procedural motion on Wednesday, blocking the final vote on the mega budget bill
• Speaker Mike Johnson extended the vote indefinitely to persuade defectors to support the legislation
• President Trump publicly pressed GOP members on Truth Social to back his signature package before the holiday deadline
• The One Big Beautiful Bill consolidates major tax cuts, creates child savings accounts, tightens Medicaid and SNAP work requirements, and boosts immigration enforcement funding
• Nonpartisan estimates show the bill would raise the debt ceiling by $5 trillion and add over $3.4 trillion to the federal deficit by 2034