Trump, GOP and tax bill
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Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
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.
To attract buyers for the bonds that will finance that deficit, the federal government will have to pay higher interest rates.
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.
House GOP leaders are barreling ahead with a vote on President Donald Trump’s agenda in the coming hours Wednesday, after Trump privately implored key holdouts not to derail the major tax and spending cuts package.
President Donald Trump is working to clear out GOP opposition to his policy bill, meeting with lawmakers behind closed doors to sway holdouts.
While President Donald Trump sought to eliminate Republican infighting about Medicaid reform and state and local tax deduction caps, a group of Republicans wasn't persuaded.