US House Nears Passage of Trump’s Tax Bill After All-Nighter

US House Nears Passage of Trump’s Tax and Spending BillSource: Bloomberg

The US House of Representatives is on track to pass Donald Trump’s tax and spending bill Thursday, allowing lawmakers to meet the president’s self-imposed July 4 deadline after negotiating all night long.

House Republicans overcame a critical procedural obstacle to advance the massive tax and spending package early Thursday, holding a key vote open for hours past midnight as the president and his allies worked to win over holdouts.