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The U.S. Senate narrowly passes the Trump tax cut spending bill.
According to Gate News bot, reported by Jin10, on July 2, the U.S. Senate narrowly passed the large-scale tax cut and spending bill proposed by the Trump administration with a vote of 51 in favor and 50 against, commonly known as the “Beautiful Big Bill”. After passing in the Senate, the bill will be sent to the House of Representatives for further review. The advancement of this bill may have significant impacts on economic policy and financial markets.