US House works all night as Trump's budget bill still on hold
Summary
Allies of former US President Donald Trump are trying to pass a large tax and spending bill, but disagreements among Republicans have delayed it. The bill includes extending 2017 tax cuts and increasing spending on defense and border security. The Congressional Budget Office estimates that it will add significantly to the US national debt.Key Facts
- Trump's allies in Congress are pushing for a tax and spending bill.
- The bill aims to extend tax cuts from 2017 and increase defense and border security spending.
- Some Republicans want deeper spending cuts, while others seek larger tax cuts.
- The Congressional Budget Office estimates the bill will add $2.3 trillion to the national debt over 10 years.
- Trump campaigned on reducing the budget deficit, which is the gap between government revenue and spending.
- Talks continued overnight, but no final agreement has been reached.
- Democrats oppose the bill, arguing it favors the wealthy and harms lower-income people.
- The bill must pass both the House and Senate to become law.
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