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flag House narrowly passes Trump's $3.8 trillion bill, boosting economy but raising deficit concerns.

flag The U.S. House narrowly passed President Trump's $3.8 trillion tax-and-spending package, 215-214, which includes significant tax cuts and spending increases. flag The bill's passage has spiked 30-year Treasury yields to 5.15%, their highest since October 2023. flag Experts say it may boost the economy temporarily but could worsen the national deficit long-term. flag The bill also includes changes to Medicaid and SNAP, increasing work requirements and potentially impacting coverage for immigrants and gender-affirming care. flag It now moves to the Senate for further review.

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