U.S. senators entered a critical phase of negotiations on Monday as Republicans pushed to advance former President Donald Trump's sweeping $4.5 trillion spending proposal. The bill, dubbed the 'One Big Beautiful Bill,' seeks to extend expiring tax cuts, increase military funding, and allocate resources for enhanced border security measures. However, its projected $3 trillion addition to the national debt and $1 trillion in cuts to health care subsidies have sparked intense debate.
The Bill's High Stakes
Analysts note the legislation reflects Trump's enduring influence over the GOP, with Senate Republicans holding a narrow majority. While Democrats uniformly oppose the package, citing concerns over deficit expansion and social program reductions, the bill's progression highlights shifting priorities ahead of the 2026 midterm elections.
Amendment Marathon Slows Progress
The Senate's 'vote-a-rama' session saw sluggish advancement, with only 14 amendments addressed in seven hours. Observers attribute delays to contentious provisions funding deportation initiatives and restructuring welfare systems. Economic experts warn the bill could reshape U.S. fiscal policy for decades, with global markets monitoring its potential impact on trade relations and dollar stability.
