Republicans Triumph as House Passes Trump’s Megabill

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• 00:03

  On this vote, the yeas are 218, the nays are 214.

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  The motion is adopted.

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  After an all-night session,

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  the House passes President Trump's big, beautiful tax and spending bill.

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  What does it mean for you?

• 00:24

  Plus,

• 00:24

  U.S. stocks notch another closing high after the June jobs report came in stronger than expected.

• 00:30

  And with less federal money available, Harvard has a plan to make up its budget shortfall.

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  It's Thursday, July 3rd.

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  I'm Alex Osola for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

• 00:48

  The House narrowly passed Republicans' sprawling tax and spending bill today.

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  It's a major second-term victory for President Trump and again demonstrates his power to keep GOP lawmakers in line.

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  House Minority Leader Hakeem Jeffries spoke for eight hours and 44 minutes,

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  setting a record for the longest floor speech

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  as he read hours of stories of voters in GOP districts whom he said could be harmed by the bill.

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  In the end, Republicans prevailed.

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  The 218-214 vote now sends the measure to Trump's desk.

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  ahead of the July 4th target he set for Congress to finish the legislation.

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