Jane Araf

And the upper chamber also faces tougher procedural hurdles that could shape the final version of this plan. So we expect some pretty tough negotiations to get this done by their July 4th deadline, which, by the way, is driven in part by the bill's provision to lift the federal debt limit. And that's got to happen this summer to avoid a catastrophic financial default.

And the upper chamber also faces tougher procedural hurdles that could shape the final version of this plan. So we expect some pretty tough negotiations to get this done by their July 4th deadline, which, by the way, is driven in part by the bill's provision to lift the federal debt limit. And that's got to happen this summer to avoid a catastrophic financial default.

And the upper chamber also faces tougher procedural hurdles that could shape the final version of this plan. So we expect some pretty tough negotiations to get this done by their July 4th deadline, which, by the way, is driven in part by the bill's provision to lift the federal debt limit. And that's got to happen this summer to avoid a catastrophic financial default.

Right. It extends tax cuts for individuals and businesses as part of a package that was passed under Trump's first term. And there's also a lot of his big campaign promises like eliminating taxes on tips and overtime pay. But this all comes with a pretty big price tag, more than $4 trillion. Right. So one area they're targeting for savings is cuts to Medicaid.

Right. It extends tax cuts for individuals and businesses as part of a package that was passed under Trump's first term. And there's also a lot of his big campaign promises like eliminating taxes on tips and overtime pay. But this all comes with a pretty big price tag, more than $4 trillion. Right. So one area they're targeting for savings is cuts to Medicaid.

Right. It extends tax cuts for individuals and businesses as part of a package that was passed under Trump's first term. And there's also a lot of his big campaign promises like eliminating taxes on tips and overtime pay. But this all comes with a pretty big price tag, more than $4 trillion. Right. So one area they're targeting for savings is cuts to Medicaid.

Deficit hawks want to see big reductions there that could lead to millions to lose coverage. That's a big red line for some senators like Susan Collins of Maine, Lisa Murkowski of Alaska. So a balancing act for Senate Majority Leader John Thune to navigate all these competing demands from his party and President Trump.

Deficit hawks want to see big reductions there that could lead to millions to lose coverage. That's a big red line for some senators like Susan Collins of Maine, Lisa Murkowski of Alaska. So a balancing act for Senate Majority Leader John Thune to navigate all these competing demands from his party and President Trump.

Deficit hawks want to see big reductions there that could lead to millions to lose coverage. That's a big red line for some senators like Susan Collins of Maine, Lisa Murkowski of Alaska. So a balancing act for Senate Majority Leader John Thune to navigate all these competing demands from his party and President Trump.

Well, I'm told that about 60% or more of this bill is going to stay intact. But when we talk about these bigger pieces of the plan, such as changes to Medicaid, that's likely the largest fight that Senate Republicans will face. And given those concerns, we expect to see resistance to deep cuts to Medicaid from more moderate Senate Republicans.

Well, I'm told that about 60% or more of this bill is going to stay intact. But when we talk about these bigger pieces of the plan, such as changes to Medicaid, that's likely the largest fight that Senate Republicans will face. And given those concerns, we expect to see resistance to deep cuts to Medicaid from more moderate Senate Republicans.

Well, I'm told that about 60% or more of this bill is going to stay intact. But when we talk about these bigger pieces of the plan, such as changes to Medicaid, that's likely the largest fight that Senate Republicans will face. And given those concerns, we expect to see resistance to deep cuts to Medicaid from more moderate Senate Republicans.

At the same time, if Republicans try to cut back on these reductions, that could upset lawmakers who want bigger spending cuts. So another tough fight could come over repealing tax breaks for clean energy passed by Democrats. As it happens, some Republicans want to look at revising this.

At the same time, if Republicans try to cut back on these reductions, that could upset lawmakers who want bigger spending cuts. So another tough fight could come over repealing tax breaks for clean energy passed by Democrats. As it happens, some Republicans want to look at revising this.

At the same time, if Republicans try to cut back on these reductions, that could upset lawmakers who want bigger spending cuts. So another tough fight could come over repealing tax breaks for clean energy passed by Democrats. As it happens, some Republicans want to look at revising this.

And another thing to watch out for is under Senate rules, any provision of this bill that doesn't have a budget impact could have to go.

And another thing to watch out for is under Senate rules, any provision of this bill that doesn't have a budget impact could have to go.

And another thing to watch out for is under Senate rules, any provision of this bill that doesn't have a budget impact could have to go.

Right. It's going to be tough to pass this bill. Republicans are using a special budget rule to avoid a filibuster by Democrats. But that also means that any changes in the bill will need to go back to the House for approval. And getting it through the first time, we saw how brutal that was. So any changes there could mean Republicans could risk another big fight and blowing their deadline.

Right. It's going to be tough to pass this bill. Republicans are using a special budget rule to avoid a filibuster by Democrats. But that also means that any changes in the bill will need to go back to the House for approval. And getting it through the first time, we saw how brutal that was. So any changes there could mean Republicans could risk another big fight and blowing their deadline.