- President Trump's "One Big, Beautiful Bill" narrowly passed the House of Representatives with a 215-214 vote.
- The bill faced strong opposition from some Republicans concerned about Medicaid cuts and tax deductions, leading to last-minute negotiations and deals.
- The final version includes accelerated Medicaid work requirements, restrictions on gender-affirming care funding, increased border security spending, and the removal of a tax on gun silencers.
- The bill also renames "MAGA Accounts" to "Trump Accounts" and modifies renewable energy tax credits.
- It now moves to the Senate, where it is expected to undergo significant changes due to the Republicans' slim majority and the use of the reconciliation process.
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