Overview

• President Trump urged senators on June 24 to finalize his “One Big Beautiful Bill Act” before Independence Day, warning that no one should go on vacation until the bill is passed.
• Senate Republicans are rewriting provisions previously blocked by parliamentarian Elizabeth MacDonough to satisfy budget reconciliation rules.
• Deep divisions persist over proposed cuts to Medicaid and rural hospital funding, with moderates and hardliners at odds on social program rollbacks.
• The bill would extend expiring 2017 tax cuts, boost military and border security spending, and raise the federal debt ceiling by $5 trillion.
• Senate Democrats label the measure a “debt buster” and the Congressional Budget Office warns it could increase the federal deficit by at least $2.8 trillion.