President Trump meets with House Republicans on 'big, beautiful bill'

President Donald Trump is expected to meet with House Republicans to discuss a 'big, beautiful bill' encompassing tax, immigration, defense, energy, and raising the debt limit. The bill faces disagreements over Medicaid, green energy subsidies, SALT deduction cap, and more. Trump aims to play an active role in the discussions, with House Republicans working towards passing the bill through the House by the end of the week.

Treasury Department warns of potential cash shortage by August

The Treasury Department warns that it will likely run out of cash to pay the nation's bills by August, setting a deadline for Congress to act and avoid a catastrophic default on the U.S. debt. This deadline may also pressure congressional Republicans to pass their megabill before the cash runs out.

Debt Limit and Tax Bill Negotiations in Congress

House Ways and Means Chair Jason Smith is pushing Senate Republicans to raise the debt limit as part of a tax and border bill, but they are hesitant due to strategic differences. The article discusses the challenges Republicans face in getting a bill to Trump's desk by Memorial Day.