Overview
- Republicans are racing to finalize a reconciliation bill by Memorial Day that bundles Trump’s tax cuts, border security, defense spending, and a $4 trillion debt limit hike.
- House and Senate committees are working under divergent spending instructions, with the House mandated to cut $1.5 trillion and the Senate requiring only $4 billion.
- Intense debates center on Medicaid cuts, with the House Energy and Commerce Committee tasked with finding $880 billion in savings, prompting opposition from moderates and vulnerable Republicans.
- Proposals to roll back clean energy credits and expand the SALT deduction face resistance from GOP members whose districts benefit from these measures.
- The Treasury’s impending X-date and the tight legislative timeline add urgency, though some lawmakers express doubts about meeting the Memorial Day deadline.