The House of Representatives waiting to see if the Senate signs off on President Trump's sweeping tax and cut spending cut and spending bill. Joining us right now with where things stand at the moment is Ways and Means Committee Chairman Jason Smith. And chairman, thank you for being with us today.It's always great to be with you. So, Congressman, let's talk through what's happening. The House sent a bill to the Senate, told them, "Don't touch much of this because we have very thin margins in the House. If ...

President Trump and Senate Majority Leader John Thune are pushing to get the Republicans' reconciliation bill passed by July 4th, b ut several senators are saying there needs to be more spending cuts. The best way, I think, to think about the Trump megabill is that it's sort of two pieces combined. One piece are priorities that Republicans have: t hese are things like securing the border, boosting defense, boosting energy production.It's stuff that Republicans ran campaign and won on in 2024 and things they ...