The 51-48 vote came after 2 a.m. Thursday after Democrats sought to remove many of the proposed rescissions.

A look back at the history of the national debt, and what the GOP’s new budget bill might mean for the debt going forward.

The House version of the legislation would add $2.4 trillion to the deficit over a decade.

Historically, bond investors more or less swallow the debt the U.S. government takes on, but this time they may be less inclined to do so.

The package of bills seeks to pay for the extended tax cuts by making controversial reductions to entitlement programs and food aid.

Usually, the federal government spends to help people through recessions. Now, “there will be far less attempt to cushion the effects,” said political economist Mark Blyth.

The fight is over how to frame the numbers, one tax law expert says, because that changes the rhetoric. A Senate adviser will decide.

Supporters of an extension to the 2017 Tax Cuts and Jobs Act point to revenue collection numbers to say that they did. But those numbers may not tell the whole story.

Republicans have a slim majority in the House of Representatives — and those from liberal states could throw their weight around.

The Trump administration said the tax cuts would pay for themselves, but according to a study “that’s just not true at all.”