House and Senate leaders are broadly aligned on the tax bill and have been meeting regularly to avoid points of conflict. But Senate Republicans made clear the compromise, a product of frenzied last-minute negotiations, must be negotiated again after it passed the House by a single vote on Thursday.

Donald Trump's self-described "big, beautiful" tax bill has officially passed the House of Representatives and is now headed to the Senate.

House Republicans are jubilant about muscling through President Donald Trump’s “big, beautiful” tax and immigration package by a single vote.

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

President Trump’s “big beautiful bill,” featuring tax cuts and increased spending, has rattled bond markets due to fears it will sharply increase U.S. national debt. Wall Street analysts are now questioning America’s status as a financial safe haven.

Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.