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House narrowly passes Trump's $3.8 trillion bill, boosting economy but raising deficit concerns.
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.
The bill's passage has spiked 30-year Treasury yields to 5.15%, their highest since October 2023.
Experts say it may boost the economy temporarily but could worsen the national deficit long-term.
The bill also includes changes to Medicaid and SNAP, increasing work requirements and potentially impacting coverage for immigrants and gender-affirming care.
It now moves to the Senate for further review.
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La Cámara aprueba por poco el proyecto de ley de Trump de $3.8 billones, impulsando la economía pero aumentando las preocupaciones sobre el déficit.