House vote on Big, Beautiful Bill moves ahead after Republican defectors flip
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The late-night vote to begin final debate marked a win for Republican leadership seeking to deliver on Trump's second term policy agenda.
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personal finance
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July 3, 2025
01:17 PM
CNBC
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The vote to begin final debate marks a win for Republican leadership seeking to der on Trump's second term policy agenda
The megabill stalled overnight, as Republican holdouts demanded concessions from the White House before they agreed to move the bill forward
House Speaker Mike Johnson spent all night trying to unify his conference
Republican leaders are poised to pass the bill ahead of Trump's self-imposed July 4 deadline
Watch now6:0206:02Trump’s megabill heads to final vote after Republican divisions nearly derail itSquawk BoxThe U
House of Representatives early Thursday morning began a final debate on President Donald Trump's megabill ahead of casting votes on it, after Republican holdouts relented overnight and backed the spending package, allowing it to move ahead
The motion to begin a final debate, which passed around 3:30 a
ET, marked a major win for Republican leaders after hours of maneuvering and backroom deals needed to break a stubborn impasse
The measure to move forward with debate finally passed 219-213
Only moderate Republican Rep
Brian Fitzpatrick of Pennsylvania voted with Democrats against the motion
House Speaker Mike Johnson spent all night corralling House rebels to pass the legislation, aided by Trump himself, who worked the phones for much of the night
Trump's frustration with the stalemate was palpable at various points overnight. "FOR REPUBLICANS, THIS SHOULD BE AN EASY YES VOTE
RIDICULOUS. " he wrote after 1 a
Read more CNBC coverageHouse Republicans race to pass Trump's megabill amid GOP divisionsHouse Republicans don't have the votes yet to pass Trump's megabillMurkowski cast crucial vote for Trump's megabill after getting key carveoutsHouse Republicans subpoena Brown University, Penn in Ivy League antitrust beTrump's megabill squeaks through Senate, but House can still reject changesMusk shreds Trump bill as 'DEBT SLAVERY,' vows to unseat Republicans who back itTrump rips AT&T service weeks after Trump Mobile licensing deal announcedTrump administration: Harvard violated civil rights of Jewish studentsWhite House says Canada 'caved' to Trump over digital services taxThe bill has traveled a rocky road to date, with the the package just squeaking by in the upper chamber on Tuesday, when U
Vice President JD Vance cast the tie- vote
A final debate is underway and one last vote is expected later Thursday morning
If ed, the bill will be transferred to Trump's desk to be signed into law
The president has been pushing for the legislation to reach his desk by July 4
The Trump-styled "big, beautiful" bill extends sweeping tax cuts instituted during his first presidency, but also slashes the social safety net and reshapes how the renewable energy industry accesses tax credits
Democrats are aligned in opposition to the legislation, and railed against the cuts, which disportionately benefit the wealthy. "The top 1% are salivating over getting an extra $300,000 per year because of this dangerous bill," Rep
Gabe Amo, D-R. , said on the floor during the early part of the debate. "Billionaires win. 17 million Americans will lose their health insurance. "House Minority Leader Hakeem Jeffries, D-N. , meanwhile took to the floor for hours during the final debate, reading out the stories of people countrywide who depend on the health insurance gram Medicaid
Deeper cuts to Medicaid were part of the Senate's substantial revisions to its version of the megabill, along with a $5 trillion debt limit hike, which exceeds the $4 trillion increase that the House passed in a previous version
The independent Congressional Budget Office warns that the bill could add $3. 4 trillion to the $36. 2 billion of the world's largest economy's existing debt over the next decade
The White House has contested the CBO's estimates and labeled the agency as "partisan. "The megabill push has been taking place at a time of broader economic volatility, as Trump presses ahead with a tectionist trade policy that could see the return of so-called "recical" tariffs on most major U
Trade partners, come July 9
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