President Trump's tax plan has sparked concern among investors, driving Treasury bond yields to a nearly two decade high, amid growing worries over U.S. debt.
A vote on Trump's big budget bill could come early Thursday morning. The legislation would extend tax cuts and add billions in new spending - and trillions in debt.
Some $500 billion in cuts to Medicare could be avoided if Congress instructs the White House budget office to disregard the reconciliation package's debt impact.