Senate Republicans unveiled their new budget blueprint Wednesday afternoon, paving the way for the Senate and House to finally inch closer to advancing President Donald Trump’s immigration and tax agenda.

The budget resolution also sets the stage for the House to raise the debt limit by $4 trillion and the Senate to lift it by not more than $5 trillion in the reconciliation package.

Senate Budget Committee Chair Lindsey Graham, R-S.C., April 2 released the Senate's amendment to the House budget resolution for fiscal year 2025. This marks the next step towards reaching a common budget resolution that will allow Congress to move forward with the reconciliation process.

Passage of the plan would give Republicans the chance in coming months to muscle a tax cut bill through both chambers of Congress even if Democrats are unanimously opposed, just as they did in Trump's first term.

After a long wait, the Senate is launching action on President Donald Trump's "big, beautiful bill” of tax breaks and spending cuts at a risky moment for the U.S. and global economy. More than a month after House Republicans surprised Washington by advancing their framework for Trump's $4.

Trump and Republican lawmakers want to make the tax cuts implemented during Trump's first term permanent, a massively expensive endeavor that would add an estimated $3.8 trillion to the deficit over the next 10 years.

The House and Senate are a long way from approving President Trump’s "big, beautiful bill" to cut spending and slash taxes. But the next step unfolds over the next 48 hours.

The compromise budget blueprint is designed to pave the way for a major package of tax cuts, border security and defense funding and more.

An obscure but consequential bookkeeping matter has become the latest flashpoint in Congress as Republicans labor to enact President Donald Trump’s sprawling tax cut agenda. Senate Republicans are looking to change how extending many of Trump’s 2017 tax cuts would be scored when it comes to future federal deficits.