WASHINGTON—Senate Republicans’ plan to extract more savings from Medicaid as part of their revised tax and spending package triggered a backlash within the party, raising concerns that leaders could miss their self-imposed deadline of getting the bill to President Trump’s desk by July 4.

“We’re not doing anything to significantly alter the course of the financial future of this country,” Johnson said, noting that he plans to release a report of his own in the coming days to explain “...

The vote on the GENIUS Act marked the first time that the Senate has passed major legislation regulating digital assets.

For now, Senate leaders are hailing the stablecoin bill as a landmark piece of legislation that overcame the partisan divisions of Trump’s second term.

For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing the credit available to parents, which would be set at $2,200 per child, beginning in the 2025 tax year. House Republicans had proposed to bump up the credit to $2,500, but only through 2028.

The shift in the bill’s focus against solar to focus on nuclear and hydro power affects First Solar as a direct strike to their core business.