The lawmakers are racing for a July 4 deadline to have the whole package sent to Trump’s desk in time to also avoid a dangerous debt default. The Treasury Secretary has said federal tax revenues are running short and Congress needs to raise the spending limit to keep paying the bills.

Experts fear slashing over $290 billion could result in many households in need losing a critical nutrition lifeline.

Under the plan, states would take on some financial responsibility for SNAP, and the size of the costs they take on would be tied to the error rate.

Nevertheless, a new letter sent Monday from the CBO to committee Chairman Brett Guthrie confirms that the panel's legislative recommendations, released late Sunday, would meet its lofty target for $880 billion of savings over the next decade.

A proposal by Republicans in Congress would allow President Donald Trump's administration to remove the tax-exempt status of nonprofits that it says support terrorism.

Send news tips to: [email protected] House GOP eyes moratorium on AI regulations. Republicans in the U.S. House of Representatives are pushing a legislative package that would roll back state AI laws throughout the country and prohibit states from passing new ones for the next decade.

It targets several clean energy tax credits implemented under the Democratic reconciliation bill passed under President Joe Biden, including eliminating tax credits for electric vehicles, credits for clean energy home investments, and sunsets tax credits for certain types of renewable energy production.

WASHINGTON (AP) — House Republicans revealed the sweeping tax provisions for President Donald Trump's big bill Monday, tallying at least $4.9 trillion in costs so far, partly paid for with reductions to Medicaid and other programs used by millions of Americans.