President Donald Trump’s $3.3 trillion tax and spending bill has hit turbulence in the U.S. Senate. Senate Majority Leader John Thune is racing to meet Trump’s July 4 deadline, but faces internal GOP divisions. At least eight Republican senators oppose key parts of the bill, ranging from Medicaid cuts to renewable energy credit phaseouts. Some GOP factions demand deeper spending cuts, while others seek to protect healthcare and green energy.
Meanwhile, markets are watching closely as the dollar dips and renewable energy stocks slide. Senators like Thom Tillis and Rand Paul have signaled likely opposition, placing final passage in jeopardy. Trump, watching closely, has lashed out at dissenters on social media. The bill, if passed, could reshape healthcare access for millions and eliminate major green energy incentives. Final voting may happen late Monday or early Tuesday, but only if Thune can negotiate a fragile consensus.
