Donald Trump’s $3.3tr tax and spending cut bill passed the Senate in a 51–50 vote

Donald Trump’s $3.3tr tax and spending cut bill passed the Senate in a 51–50 vote, with Vice President JD Vance casting the tie-breaker after three Republicans voted against it.

⚫The bill includes $4.5tr in tax cuts and $1.2tr in spending cuts
⚫Branded the “One Big Beautiful Bill,” it consolidates Trump’s full legislative agenda
⚫Senate Majority Leader John Thune called it “a team effort”
⚫The Bloomberg Dollar Spot Index jumped to a session high following the vote

The bill now heads to the House for consideration.