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Euronews
Euronews
AP with Indrabati Lahiri

Republicans move ahead with Trump’s tax break bill and spending cuts

Donald Trump Republican Mike Johnson Republican Party Tax Cuts

After a long wait, the Senate is launching action on President Donald Trump's “big, beautiful bill” of tax breaks and spending cuts at a risky moment for the US and the global economy.

More than a month after House Republicans surprised Washington by advancing their framework for Trump’s $4.5 trillion (€4.1tn) in tax breaks and $2tn (€1.8tn) in spending cuts, Senate Republicans voted on Thursday to start working on their version. The largely party-line vote, 52-48, sets the stage for a potential Senate all-nighter on Friday, spilling into the weekend.

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