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Accountancy Slice
North America
U.S. Senate Republicans were continuing their efforts early this morning to pass President Donald Trump's sweeping tax-cut and spending bill, amid deep divisions within the party about its expected $3.3tn hit to the nation's debt pile. Voting on amendments and procedural motions started midmorning Monday and dragged through the night as Republican leaders worked to find a balance of policies that could pass both the Senate and later the House. Mr. Trump spoke with congressional leaders by phone, and the White House said it was confident that the bill was on track even as its fate and final content remained uncertain. Senate Majority Leader John Thune (R-SD) spoke privately with Sen. Lisa Murkowski (R-AK), after he and other party leaders had engaged in long discussions with her on the Senate floor regarding both the Medicaid and nutrition-assistance cuts in the bill and the phaseouts of clean-energy tax credits.
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