US House Narrowly Approves Trump's $4.5 Trillion Budget Plan
The budget includes significant tax cuts and spending reductions but faces criticism from both parties over its potential economic impact.
- The US House of Representatives passed President Donald Trump's budget proposal with a tight 217-215 vote, with one Republican and all Democrats opposing it.
- The plan extends $4.5 trillion in tax cuts originally enacted during Trump's first term, while proposing $2 trillion in federal spending cuts over the next decade.
- Critics from both parties expressed concerns about the plan's impact on the national deficit, which could rise by $4 trillion, and potential cuts to programs like Medicaid and food assistance.
- Trump and Republican leaders exerted significant pressure to secure votes, including personal outreach by the president to hesitant lawmakers.
- The budget now faces further negotiation in Congress, with the Senate having already passed a scaled-down version focusing on border security and defense funding.