Trump Tax Cut, Debt Limit Plan Advances Amid Tariff Turmoil
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Senate Republicans took a major step toward enacting President Donald Trump’s tax cut agenda and increasing the US debt ceiling, potentially injecting a small degree of certainty into financial markets roiled by the president’s tariff policies.
The Senate early Saturday morning passed the budget resolution by a 51-48 margin after an overnight marathon of votes on amendments. Two Republican senators, Susan Collins of Maine and Rand Paul of Kentucky, joined all Democrats in opposing the budget resolution.