The Republican-led House narrowly passed President Donald Trump’s sweeping tax and spending bill late early Thursday morning, sending the package to the Senate where it is likely to be revised.

The Senate is poised to take up the Republican megabill after it narrowly passed in the House. But ongoing disputes and a slim majority mean more obstacles ahead.

An internal House Republican memo shared with Fox News Digital highlights the key Republican accomplishments included in President Donald Trump's "big, beautiful bill," which clocks in at 1,118 pages.

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday.

🇺🇸The One, Big, Beautiful Bill "is arguably the most significant piece of Legislation that will ever be signed in the History of our Country!" Great job by Speaker Mike Johnson, and the House Leadership, and thank you to every Republican who voted YES on this Historic Bill!" pic.twitter.com/4e22PHtlxl

Republicans are touting House passage of a megabill to fund Trump’s agenda as a win for Americans. Democrats slam it as benefiting the rich and hurting low-income people.

America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans and Democrats came together to pass a forceful, and expensive, emergency response that helped prevent permanent scarring to the economy.