Derrick Van Orden (R-Wis.) says Republicans aren’t actually cutting anyone’s federal health or food benefits in President Donald Trump’s sweeping tax bill — a plan that slashes $1 trillion from Medicaid and food assistance programs.

WASHINGTON – President Donald Trump 's sweeping tax and policy bill that would change Americans' everyday lives has cleared one big hurdle after several marathon days of negotiations in the U.S. House and an assist from the president himself. But the 1,000-plus-page legislation is still a long way from becoming a law.

The cost for a 30-year fixed-rate mortgage crept up to levels not seen since February, reflecting bond market fears over Trump’s plan to pay for tax cuts with an estimated $3.8 trillion in new debt. “Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,

After weeks of internal GOP wrangling, the Republican-led House early Thursday passed the "One Big Beautiful Bill Act," critical to advancing President Donald Trump's tax and immigration agenda. A smiling Speaker Mike Johnson announced the massive measure passed by a single vote -- 215-214 -- and was greeted with applause.

Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.