Next Trump Budget Bill Begins Taking Shape in US House

The ink is hardly dry on President Donald Trump’s $3.4 trillion tax and spending package and House Republicans are already at work on a follow-up budget bill coming this autumn.

House Budget Committee Chairman Jodey Arrington in an interview with Bloomberg said Republicans will seek deeper cuts to Medicaid, new spending reductions in Medicare and fix any errors inserted into the US tax code by the “Big, Beautiful Bill.”

“I think we will do one before the end of the year,” Arrington said. “It’s going to be a more targeted set of reforms.”

The budget chairman said sees the ...