Did the Senate Pass the Trump’s Big Beautiful Bill

The post Did the Senate Pass the Trump’s Big Beautiful Bill appeared first on Coinpedia Fintech News As of this afternoon, the United States Senate remains locked in a marathon voting session on President Donald Trump’s “Big Beautiful Bill,” a nearly 1,000-page legislative package that stands as the key part of Trump’s second-term plans. But, the big question on everyone’s mind today is: Did the Senate pass the Big Beautiful Bill? What Happened In The Senate? U.S President Donald Trump’s ‘Big Beautiful Bill’ which narrowly passed the key Senate vote with 51 to 49 last week. As the bill now heads for its next round of votes now all eyes on today’s Senate season. The Senate, which currently has 52 Republicans and 48 Democrats, has been debating the bill for several days. So far, the bill has not passed. Two Republican senators have expressed concerns about the cuts to Medicaid and nutrition programs, joining all Democrats in opposing the bill in its current form. Meanwhile, Senate Majority Leader John Thune said that the chamber is “close” to a final vote but that lawmakers are still negotiating some changes. The vote was expected to happen before July 4th. Why Does Trump Want It Passed Before July 4th? Trump’s “Big Beautiful Bill” is a $2.1 trillion package. It includes major tax cuts, more money for border security and the military, and reductions in social programs like Medicaid and food stamps. Supporters, mostly Republicans, say the bill will create jobs, strengthen national security, and give people more money. Trump has called it “the most beautiful bill ever written” and wants it signed before July 4th. But Democrats say the bill is too risky. It would add $3.3 trillion to the national deficit over the next ten years. While it gives $1.2 trillion in tax cuts, mostly for high-income families, it also cuts $200 billion from important programs like Medicaid and food aid. What Happens Next? If the Senate passes the bill, it will return to the House of Representatives for final approval because the Senate has made changes to the original bill. Only after both chambers agree can the bill be sent to President Trump to be signed into law.