The House of Representatives approved the fiscal year 2026 federal budget bill, commonly referred to as "one big, beautiful bill," with a 218 to 214 vote on Thursday afternoon.

U.S. President Donald Trump will sign the massive tax-cut and spending bill he championed on Friday at 5 p.m., the White House said on Thursday. (Reporting by Jasper Ward and Andrea Shalal; Editing by Doina Chiacu;