President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even worse.

House Republicans in Congress approved President Donald Trump's multitrillion-dollar tax breaks and spending cuts bill in a narrow vote Thursday, overcoming setbacks to pass Trump's signature second-term policy package before a Fourth of July deadline.

President Donald Trump celebrated the Fourth of July by signing his massive spending bill that narrowly passed in Congress this week.

"Everyone is going to feel the impact of these cuts regardless of if you are covered by Medi-Cal or have private commercial insurance," said one local health care expert.

Trump's "big beautiful bill" that he just signed into law places new caps on student loans for medical and law school.

Trump's exclusion of an oft-touted Social Security proposal will be highly unpopular but is absolutely necessary.

Political professor Isaac Hale with Occidental College discusses the passage of President Trump's "Big, Beautiful Bill," and what it could mean for the future of the GOP.