U.S. Senate Republicans' proposed changes to President Donald Trump's sweeping tax-cut and spending bill are expected to push U.S. debt levels higher, roughly in line with projections from the House-passed version,

Senate Republicans released a long-awaited version of Donald Trump’s flagship tax bill on Monday, setting up a possible clash with House Republicans over the so-called “big, beautiful bill”. The Senate finance committee published a draft bill that made several significant changes to a version that passed the House of Representatives last month — including keeping the annual cap on the amount of state and local taxes taxpayers can deduct from their federal tax bills,