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U.S. President Donald Trump / Via @TheWhiteHouse

The House’s passing of budget bill is being celebrated by top Trump administration officials as a major step toward economic reform. Secretary of the Treasury Scott Bessent called the vote “a statement of purpose and strength,” praising Republican unity and the House’s “historic speed” in advancing President Trump’s tax and spending agenda.

Deputy Treasury Secretary Michael Faulkender echoed the sentiment, saying the bill brings the nation “one step closer to a tax code built for workers, builders, and long-term growth.”

The legislation paves the way for Trump’s proposed $5 trillion in tax cuts, though debate continues over where spending reductions will come from. The administration maintains the reforms will drive investment and boost American prosperity.

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