By Bo Erickson, Richard Cowan, David Morgan and Andy Sullivan WASHINGTON (Reuters) -President Donald Trump's tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday, as the Repub

The budget bill is central to Donald Trump’s agenda and includes many of the promises the president has made on the campaign trail, particularly on tax cuts. For this reason, Trump has pushed for its speedy passage through Congress, and has self-imposed a 4 July deadline on lawmakers to get the bill through.

Billionaire Ray Dalio warned of economic consequences of Congress passing Trump's spending bill, including possible spending cuts, major tax increases and money printing.