TRILLIONS – House Passes Reconciliation – May 22, 2025

Amended bill narrowly passes House 215-214. Measure goes to the Senate where changes in the package are expected. Bond market is increasingly nervous about the bill's $3 to $5 trillion debt increase.

(Average Read-Time: 8 minutes)

THE HOUSE OF REPRESENTATIVES PASSED 215-214 THE AMENDED VERSION OF THE TRUMP-JOHNSON BUDGET RECONCILIATION BILL.

Nutshell: The legislation provides trillions in tax cuts, with the biggest cuts going to the wealthiest taxpayers, and dramatically increases spending for defense and deportation, while deeply cutting Medicaid, he…