The Senate is in session through Wednesday, while the House is out for the week in anticipation of the Juneteenth holiday.
Senate Republicans continue to work on revising the House-passed reconciliation package (H.R. 1). Disagreements remain over the overall size of the package as well as a host of other issues, including Medicaid reform, repeal of certain renewable energy tax credits, and the SALT deduction limitation. The Senate Finance Committee today is expected to publish its version of the tax and health care provisions of H.R. 1, which will permit the parliamentarian’s process, known as the Byrd bath, to begin.
The upper chamber will also resume consideration of Gary Andres to be an assistant secretary of Health and Human Services and Olivia Trusty to be a commissioner of the Federal Communications Commission. In addition, the Senate will likely vote on final passage of legislation (S. 1582) that would establish rules for stablecoins, which are cryptocurrencies pegged to the value of the U.S. dollar or other reference currency or commodity.
Several of President Trump’s Cabinet secretaries will continue testifying before Congress this week regarding their agencies’ budgetary requests for FY 2026.
Separately, Trump will be in Alberta, Canada, this week for the G7 Summit.
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