Read about the House passage of a budget reconciliation bill that includes $150 billion for national defense spending.

The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in part by slashing health, nutrition, education and clean energy programs.

House Approves $150B Defense Reconciliation Package is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership. Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.

Yes, the Senate will almost certainly make big changes to House-passed legislation effecting President Donald Trump’s domestic priorities. Yes, everyone will be watching for the reaction from financial markets.

Trump policy agenda: The House Budget Committee late Sunday night revived President Trump’s stalled bill to cut taxes and spending, after a handful of fiscally conservative Republicans relented and allowed it to advance even as they continued to press for deeper reductions to health and environmental programs. Read more ›