Breaking News : Trump’s megabill advances in the House after GOP divisions nearly derail it

 POLITICS

Trump’s Tax and Spending Megabill Clears Key Hurdle in House After GOP ShowdownKEY POINTS

• The vote to begin final debate marks a win for Republican leadership seeking to deliver on Trump’s second term policy agenda. 
• The megabill suffered a major setback earlier.
• House Speaker Mike Johnson spent the day trying to unify his conference.
• Republican leadership is trying to pass the bill ahead of Trump’s self-imposed July 4 deadline.

Washington, D.C. | July 3, 2025 — In a high-stakes late-night session, the Republican-controlled U.S. House of Representatives advanced President Donald Trump’s sweeping tax and spending megabill, overcoming intense internal opposition and last-minute negotiations. The pivotal 219–213 vote now sets the stage for final debate and a full House vote—marking a major milestone in Trump’s second-term economic agenda.

✅ GOP Secures Narrow Victory After Internal Divisions Threaten Bill

After hours of gridlock and behind-the-scenes lobbying, Republican leadership managed to unite just enough lawmakers to move the bill forward. The vote—largely along party lines—came after repeated delays and eleventh-hour concessions from House Speaker Mike Johnson, who fought to hold together the GOP’s razor-thin majority.

The outcome gives momentum to Trump’s "One Big, Beautiful Bill", a flagship legislative package designed to reshape the U.S. tax code, expand defense spending, and cut federal aid programs.

🔍 What the Bill Includes: Tax Cuts, Border Funding, Medicaid Cuts

The legislation includes:

• An extension of the 2017 Trump tax cuts, including corporate and individual rate reductions.

• Increased funding for border security, detention centers, and immigration enforcement.

• Deep spending cuts to Medicaid and SNAP (food assistance), drawing sharp criticism from Democrats and some centrist Republicans.

• A proposed $5 trillion increase to the federal debt ceiling, revised from the original $4 trillion proposed in the House.

This package combines elements from the original House bill and the revised Senate version, which passed earlier this week with a 51–50 vote—thanks to Vice President JD Vance casting the tie-breaking ballot.

💥 Drama in the House: GOP Clashes Behind Closed Doors

The vote followed hours of intense debate, shifting alliances, and closed-door meetings. Several conservative members, including fiscal hawks, expressed frustration over the ballooning national debt. Others criticized the cuts to safety-net programs, warning of long-term public health and economic consequences.

Despite these tensions, Republican leaders refused to reopen negotiations or introduce further amendments, fearing additional delays ahead of the Independence Day deadline.

📈 Market Reaction: Wall Street Holds Steady

Markets responded cautiously to the news. As of 03:52 a.m. ET:

• S&P 500 futures edged up 0.16%

• Nasdaq 100 futures rose 0.25%

• Dow Jones Industrial Average futures gained 0.12%

While Wall Street had largely priced in the passage of the bill, analysts warn of increased volatility as investors weigh the impact of deeper budget cuts and rising national debt.

🗳️ What Happens Next: Final Vote Imminent

With procedural hurdles cleared, the full House is now expected to vote on the final version of the megabill within the next 24–48 hours. If approved, the bill will head to President Trump’s desk, where he is expected to sign it into law before July 4, delivering on a key campaign promise.