Overview

• The House of Representatives approved a budget resolution by a narrow 216-214 vote, with nearly all Republicans supporting and no Democrats in favor.
• The resolution extends and expands tax cuts from Donald Trump's first term, which were set to expire at the end of the year.
• It includes a provision to raise the U.S. debt ceiling by $5 trillion to prevent a default, alongside $4 billion in proposed fiscal savings.
• A new immigration policy framework was established as part of the resolution, aligning with broader enforcement measures under Trump's agenda.
• Donald Trump celebrated the passage on Truth Social, calling it the largest tax cut in U.S. history and a milestone for his administration's goals.