U.S. Senate to unveil major changes to Trump's tax reform bill this week

Senate Republicans are rushing to complete legislation before July 4 for a core Trump-backed economic plan, planning to unveil revised tax and health care provisions this week. The Senate Finance Committee is aiming to achieve savings by cutting Medicaid spending, and potentially Medicare. The package is expected to be different from the version that narrowly passed the House in May. The disclosure of details of the package is likely to spark a new round of divisions between fiscal conservatives and moderates within the Republican Party.