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July 1, 2025legislationTax PolicyFederal BudgetBudget Reconciliationlegislationbudgettaxation

Senate passes Big Beautiful Bill after a 27-hour marathon vote

The Republican-controlled Senate passed the One Big Beautiful Bill Act after a 27-hour marathon session on July 1, 2025, advancing President Trump's sweeping tax and spending package. The bill cleared on a party-line vote with Vice President JD Vance casting the tie-breaking vote. The package now moved to a House-Senate conference to reconcile differences before final passage.