President Donald Trump’s signature tax bill narrowly passed the House on Thursday morning, advancing a sprawling multitrillion-dollar package that would avert a year-end tax increase at the expense of adding to the US debt burden.
The bill now heads to the Senate, where groups of Republicans are pressing for extensive change. Legislators plan to vote on approval by August. It includes a $US4 trillion ($6.2 trillion) increase in the US debt ceiling, which the Treasury Department forecasts could otherwise force a default as soon as August or September, adding urgency to the timeline.
