Jewish advocacy groups slammed President Donald Trump for using an anti-Semitic descriptor on Thursday during his Iowa speech celebrating the passage of his spending bill. Trump used the term "Shylocks," which evokes a centuries-old antisemitic trope about Jewish people and greed, to talk about the tax changes in the bill.

President Donald Trump employed a term often used as a slur against Jewish people as he blasted bankers during a speech in Iowa on Thursday evening. The remark came as he was touting tax cuts in his so-called “Big Beautiful Bill,” which Congress passed earlier in the day.