Trump's $3 Trillion Bill Clears Key Hurdle | JQJO

House Speaker Mike Johnson announced an agreement on state tax deductions, paving the way for a $3 trillion-plus fiscal bill to reach the House floor. The bill, a key part of Trump's second-term agenda, includes significant tax cuts and spending reductions, despite opposition from some Republicans and concerns about rising national debt. The bill's passage would be a major political win for Trump, but it has also spooked investors due to its potential impact on the US fiscal position. The Senate must still approve the legislation, with Democrats expected to oppose it. The bill's projected increase in national debt has already resulted in a credit rating downgrade.