Republican Push: Resolving Tax and Healthcare on a Tight Deadline

In Washington D.C., Republicans are racing against time to finalize a major tax-cut and spending bill that carries major implications for tax and healthcare provisions. This intense legislative push comes as President Donald Trump emphasizes the urgency, tying the bill's passage to the July 4 deadline.

The proposed legislation, which analysts estimate could add $3 trillion to the burgeoning federal debt of $36.2 trillion, is criticized by Democrats as a giveaway to the wealthiest. Senate Republicans face challenges reconciling their version of the bill after crucial healthcare components were flagged as non-compliant by parliamentary rules.

Key issues like "provider taxes" that affect Medicaid funding remain contentious. As discussions continue, the looming deadline signals not only a legislative finish line but also an impending need to address the nation's debt ceiling. The stakes are high as lawmakers navigate the complexities of budget reconciliation.

(With inputs from agencies.)