Trump pushes 'big, beautiful bill'
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House G.O.P. Races to Revamp Major Policy Bill
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Bill Belichick & Jordon Hudson
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Medicaid has become a key hot button topic in the sweeping tax and spending cuts bill that House Republicans are scrambling to pass as soon as this week.
Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.
The House Rules Committee is holding a markup on the package that began after 1 a.m. ET as Speaker Mike Johnson seeks to bring the bill to the floor as soon as Wednesday.
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The S&P 500 slipped in volatile trading and Treasury yields rose on Wednesday as U.S. President Donald Trump's proposed tax-cut law faced a rare overnight hearing aimed at influencing Republican holdouts opposed to the bill's passage.
The bill already passed the House in a 42-8 vote. Now that it’s passed both chambers, it is headed to Gov. Tina Kotek’s desk where she can sign it into law, let it become law without her signature or veto it. It would take effect immediately.
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What was supposed to be a late-night procedural step toward delivering Trump a vital legislative win instead exposed deep and widening fractures within the House GOP conference.
After the deal fell apart for “Hard Knocks” to follow UNC and Bill Belichick, the HBO series will continue with NFL teams.
Live updates and the latest news as Trump hosts South Africa's president and the House Rules Committee meets on the Republicans' budget bill.