President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even worse.

After an all-day, all-night marathon of intense pressure from the White House, the House Thursday passed and sent to President Donald Trump sweeping legislation to cut taxes but also cut help for the millions of Californians who rely on Medicaid and food assistance. The vote was 218 to 214 with all Democrats and two Republicans voting no.

All eyes are now on the House after the Senate narrowly passed a major tax cut and spending bill that is the centerpiece of President Donald Trump's agenda.

As President Donald Trump's Republicans push ahead on a sweeping tax-cut and spending bill that nonpartisan analysts say could add $3.3 trillion to the nation's debt over the next decade, they're taking a new approach - denying there is anything to worry about.

House Republicans push through Trump’s sweeping tax-and-spending bill under pressure, revealing his unmatched grip on the GOP.