House Speaker Mike Johnson acknowledges there is still work to do as Republicans struggle to push ahead with President Donald Trump’s big bill of tax breaks, spending cuts and border security funds.
The Congressional Budget Office estimates an increase of 10.9 million people without health insurance under President Donald Trump‘s big bill, including 1.4 million who are in the country without legal status in state-funded programs. The package would reduce federal outlays, or spending, by $1.3 trillion over that period, the budget office said.
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Budget office also projects tax cut and deficit gain from GOP bill: Trump’s big bill will cut taxes by $3.7 trillion but also increase deficits by $2.4 trillion over the next decade, according to an analysis released by the Congressional Budget Office.Trump formally asks Congress to claw back approved spending targeted by DOGE: The White House on Tuesday officially asked Congress to claw back $9.4 billion in already approved spending, taking funding away from programs targeted by Elon Musk’s Department of Government Efficiency.Trump’s promise to hike steel and aluminum tariffs to 50% begins: Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers.
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