House Advances Trump's Tax-Cut Bill Amid Tight Vote

The U.S. House of Representatives, led by Republicans, has moved President Donald Trump's extensive tax-cut and spending bill forward. In a close vote of 219-213, the bill is poised for possible approval later in the day.

The U.S. House of Representatives, dominated by Republicans, took a critical procedural step on Thursday, advancing President Donald Trump's comprehensive tax-cut and spending bill. This development sets the stage for a potential passage of the legislation, with a final vote expected later in the day.

The proposed bill, which represents a significant overhaul of existing tax legislation, navigated a narrow passage with the House voting 219-213 in favor of progression. The decision underscores the contentious nature of the bill among lawmakers.

As President Trump's administration aims for swift changes in tax policy, all eyes are on the final vote that could either propel or stall the proposed financial legislation. The outcome could have substantial implications on the economic landscape.

(With inputs from agencies.)