The proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.

Senate Republicans indicated on Wednesday they are prepared to reduce the size of the SALT deduction cap in President Trump’s “big, beautiful bill” that was backed by moderates in the House.

Speaker Mike Johnson, R-La., flanked by House Majority Whip Tom Emmer, R-Minn., and Rep. Mark Messmer, R-Ind., conducts a news conference on June 4. (Tom Williams/CQ Roll Call) By Niels Lesniewski ...

President Donald Trump posted on Truth Social that his tariff letters "and/or deals" will be delivered to "various countries from around the world," on Monday, starting at 12 p.m ET.