President Donald Trump signed a sweeping tax and spending bill into law during a July 4 picnic at the White House, touting it as a historic win, even as the Congressional Budget Office projects it will significantly widen the federal deficit and leave millions uninsured.

President Donald Trump's tax-cut package cleared its final hurdle in the U.S. Congress on Thursday, as the Republican-controlled House of Representatives narrowly approved the massive bill and sent it to him to sign into law.

Republicans in the U.S. House of Representatives advanced President Donald Trump's massive tax-cut and spending bill toward a final yes-or-no vote early on Thursday morning, appearing to overcome internal party divisions over its cost.

At nearly 900 pages, the legislation is a sprawling collection of tax breaks, spending cuts, and other Republican priorities, including new money for national defense and deportations.

President Trump’s “Big, Beautiful Bill” will extend 2017 tax cuts, boost military spending and add to $36.2 trillion U.S. debt pile

The president wins over sparring factions within his own party to get the bill passed after months of wrangling.