The initial plan calls for $4.5 trillion in tax cuts and at least $1.5 trillion in spending reductions, along with an increase in the debt limit and funds for immigration enforcement.

House Republicans have finally released a blueprint that looks to accomplish President Trump's legislative priorities all in one bill. Bloomberg's Tyler Kendall has the details from the White House. She speaks on Bloomberg's ".

House Republicans release their long-promised budget outline as they seek to fulfill President Trump’s agenda while cutting both the deficit and taxes. But it remains unclear whether the plan will achieve those goals,

The outline for a federal budget has yet to be made public, despite House Speaker Mike Johnson's (R-La.) earlier statement that a proposal would be released by Monday.