Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 years, according to the CBO.

President Trump told reporters Republicans are "very close" to a deal as House Speaker Mike Johnson and Freedom Caucus members continue negotiations.

After a meeting with Trump and conservative holdouts, Speaker Mike Johnson said he planned told hold a floor vote Wednesday night or Thursday morning.

Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some questioning the motive behind the change and others depicting it as a warning that lawmakers should heed as they wrestle with a sweeping tax and budget bill.

The deaths of three Democrats in the House of Representatives gave Republicans a slightly larger cushion on votes.

"We don't need 'GRANDSTANDERS' in the Republican Party. STOP TALKING ... the full repeal of green energy tax cuts implemented by Democrats. As written, the bill would add trillions of dollars ...

Others could see their monthly benefits reduced if the bill were to become law, according to the nonpartisan Congressional Budget Office.

There are certain elected officials who appear to have a certain orange hue about them," one Democrat scoffed at a tanning provision later stripped from the bill.