The US Senate has approved Trump's bill to increase the national debt ceiling
The US Senate has voted to adopt a "single, large, beautiful" bill by US President Donald Trump. This was reported by CBS News on Sunday, June 29.
51 senators voted in favor, 49 against. The vote took more than three hours as the dissenters sought assurances from Republican Party leaders before supporting the measure's progress.
The only two Republicans who did not support the Trump project were Senators Thom Tillis and Rand Paul.
The president himself has already made it clear to Tillis through a post on the Truth Social network that he will actively support the senator's main rivals in the 2026 senate elections.
In the bill, Republicans proposed cutting funding for Medicaid, which provides health insurance to low-income individuals and people with disabilities, as well as food assistance under the Supplemental Nutrition Assistance Program, the TV channel recalled.
The document, which Trump calls a "single, big, beautiful bill," provides for significant cuts in taxes and government spending in a number of industries.
Earlier, on May 15, the media reported on the risk of an increase in the US budget deficit to $5.2 trillion due to Trump's project. It is specified that the project itself will cost the treasury $ 3.8 trillion. According to brokerage companies, due to tax cuts, the legislation will "significantly" expand the budget deficit in the short term — by 0.2% of GDP in fiscal year 2025 and by about 0.9% of GDP in 2026.
On April 27, Trump announced that the income tax for US citizens could be reduced or completely abolished. The American leader stressed that the main measures to reduce taxes will be aimed at people earning less than $200,000 per year.
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