Millions of low-income Americans, including families with children, could lose their food stamp benefits under House Republicans’ newly passed tax and spending cuts package, according to a Congressional Budget Office analysis released Thursday.

House Republicans were jubilant after muscling through President Donald Trump’s “big, beautiful” tax and immigration package by a single vote. But across the Capitol, senators were more cautious. Senate Majority Leader John Thune can afford to lose three Republican senators and still pass the bill,

Catch up on the political news of the past week in the latest At the Races newsletter, including budget reconciliation and the 2026 midterms.

🇺🇸The One, Big, Beautiful Bill "is arguably the most significant piece of Legislation that will ever be signed in the History of our Country!" Great job by Speaker Mike Johnson, and the House Leadership, and thank you to every Republican who voted YES on this Historic Bill!" pic.twitter.com/4e22PHtlxl

Former Speaker of the House Newt Gingrich discusses what needs to happen in the Senate in order for the ‘big, beautiful bill’ to pass on ‘Jesse Watters Primetime.’

Trump Accounts would be a boost for all children, experts say. Saving early and allowing compound growth do its magic is key.

The White House says the House GOP's tax cuts will usher in an economic boom. Top economists say the upside is negligible.

Republicans are touting House passage of a megabill to fund Trump’s agenda as a win for Americans. Democrats slam it as benefiting the rich and hurting low-income people.