The massive U.S. tax and spending bill slated for a final vote in Congress runs counter to the International Monetary Fund's recommendations that Washington reduce fiscal deficits over the medium term,

House Republicans advanced Donald Trump's massive tax and spending cuts bill early Thursday following a mammoth overnight marathon session.

CNBC's Dom Chu joins Morning Joe to discuss how markets are reacting to the president's spending bill. Lawrence: House Republican says we're not 'little b----es.’ Dem calls out GOP's Trump bill mistake.