President Donald Trump warned Republicans on Wednesday that failure to pass his massive tax and immigration package would be “ultimate betrayal.” In a statement, the White House said the bill needs to “pass immediately” to keep promises that Trump and fellow Republicans made while campaigning.

WASHINGTON (AP) — With President Donald Trump's multitrillion-dollar tax breaks package at risk of stalling, House Speaker Mike Johnson and conservative Republican holdouts are heading Wednesday to the White House for the last-ditch talks to salvage the "big, beautiful bill."

Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,

The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.

The White House Council of Economic Advisers has released new taxpayer savings projections for President Donald Trump's "big, beautiful bill."

Millions of Americans are at risk of losing access to Medicaid under the proposed legislation, which passed the House Energy and Commerce Committee (HECC). Representative Brett Guthrie, a Kentucky Republican and chair of the HECC, insisted that the changes will "strengthen and sustain" Medicaid for the future, calling them "common sense."

U.S. stock index futures steadied on Thursday after a fall in the previous session, when Treasury yields surged, as investors worried President Donald Trump's tax and spending bill could sharply inflate the country's debt burden.