Republicans in the U.S. House Thursday morning passed the multi-trillion dollar budget reconciliation bill after more than a day of debate in committee before reaching the full House floor.
The vote in the House was razor thin, 215-214, with two Republicans joining all Democrats in voting against it.
The reconciliation bill, compiled from 11 House committee prints fulfilling the Republican budget resolution’s spending and saving instructions, funds President Donald Trump’s tax, border, defense, and energy agenda at the cost of at least $3.3 trillion over the next decade. It also includes a $4 trillion debt ceiling hike.
To help partially offset the cost, committees found $1.5 trillion in savings by reforming Medicaid and SNAP programs, repealing or phasing out renewable energy subsidies from the Inflation Reduction Act, and canceling the Biden administration’s student loan forgiveness program, among other things.
