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Also, the U.S. labor market remained robust. Here's the latest at the end of Thursday.
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The House of Representatives has passed the One Big Beautiful Bill. The package extends existing temporary tax cuts, makes cuts to Medicaid and adds spending on border security and defense.
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The apparent impasse came during a roughly hourlong conversation between the leaders on Thursday morning.
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After days of Republican drama, the House on Thursday passed President Donald Trump's sweeping tax cut and spending bill, sending it to his desk for signature.
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President Donald Trump worked the phones late into the night to help House Republican leadership deliver his second-term policy agenda.
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Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax exemptions for tipped hourly workers. But how will it work?
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The US president can celebrate the passage of his bill, though the debate over its merits will continue, writes Anthony Zurcher.
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 House Republicans propelled U.S. President Donald Trump's $4.5-trillion US tax breaks and spending cuts bill to final congressional passage on Thursday, overcoming multiple setbacks to approve his policy package before a Fourth of July deadline.
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