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.

The House-passed reconciliation bill containing most of President Donald Trump’s agenda won’t clear the Senate in its current form. CQ Roll Call’s Caitlin Reilly, Peter Cohn and David Lerman outline the changes that could be on the table and the competing demands among Senate Republicans that will make final passage a tough slog.

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 ›

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.