President Donald Trump is set to sign the 'One Big Beautiful Bill' into law, a tax-and-spending package that includes a 1 per cent tax on cash-based remittances. This revised tax, down from the originally proposed 5 per cent,

The US Congress passed the sweeping tax and spending bill, handing down a major victory to President Donald Trump in his second term. Following a gruelling session on Capitol Hill, the House of Representatives passed the bill by a vote of 218 to 214 on Thursday afternoon.

In a major political victory for US President Donald Trump, the Congress narrowly passed his flagship tax and spending bill on Thursday, which is considered a boost to fund his policies including his anti-immigration drive.