Republicans push Trump's 'big' tax breaks, spending cuts amid tariff uproar

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Republicans push Trump's 'big' tax breaks, spending cuts amid tariff uproar - Business Standard

Quick Summary:

More than a month after House Republicans surprised Washington by advancing their framework for Trump's tax breaks and spending cuts package, Senate Republicans voted Thursday to start working on their version.

After a long wait, the Senate is launching action on President Donald Trump's "big, beautiful bill of tax breaks and spending cuts at a risky moment for the U.S.and global economy.

But work on the multitrillion-dollar package is coming as markets at home and abroad are on edge in the aftermath Trump's vast tariffs scheme, complicating an already difficult political and procedural undertaking.