The U.S. House of Representatives narrowly approved former President Donald Trump's landmark "One Big Beautiful Bill" on July 3, a $1 trillion package combining infrastructure spending and tax incentives. The 218-214 vote saw two Republicans break ranks to oppose the measure, highlighting its contentious nature.
Designed as a cornerstone of Trump's economic vision, the bill allocates funds for transportation upgrades, energy projects, and broad-based tax relief for businesses. Analysts suggest it could reshape U.S. fiscal policy while testing bipartisan cooperation ahead of upcoming elections.
The legislation now moves to Trump for final approval, with a signing ceremony planned for July 4. Observers note its potential ripple effects across global markets, particularly in Asia where U.S. trade and investment policies remain closely monitored.
