President Donald Trump speaks to members of the media as he departs a House Republican meeting at the Capitol on May 20, 2025, in Washington, DC. | Andrew Harnik/Getty Images

President Donald Trump’s “big, beautiful bill” is the centerpiece of his legislative agenda, and the stakes are high.

The bill has four major pillars: renewing his 2017 tax cuts, implementing new tax cuts, spending billions on a border wall, US Customs and Border Protection, and the military, and increasing the debt ceiling. The bill itself is a smorgasbord of policy and could also affect clean energy programs, student loans, and food assistance, but perhaps the most consequential changes will be to Medicaid.

The bill was approved by the House in May and passed a key Senate vote on Saturday. Republicans are divided over competing priorities; some want to extend Trump’s tax cuts and boost immigration and defense spending, while others worry about the $2.6 trillion cost and cuts to Medicaid. Republican lawmakers aim to pass the bill by Friday using budget reconciliation, but it’s unclear if all 53 Republican senators will agree.

This is a developing story. Follow along here for the latest news, explainers, and analysis.

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