WASHINGTON—House Republicans released the first blueprint for their “one big, beautiful bill” that would cut taxes, reduce spending and provide money for border enforcement.Lawmakers created the outline after weeks of tense internal meetings among their competing factions,

House Republicans released a budget resolution Wednesday that calls for cutting taxes by up to $4.5 trillion and sets a goal of slashing federal spending by $2 trillion.The House Budget Committee is scheduled to consider the blueprint Thursday.

The initial plan calls for $4.5 trillion in tax cuts and at least $1.5 trillion in spending reductions, along with an increase in the debt limit and funds for immigration enforcement.

Senate Republicans are set to hold a budget committee vote on Wednesday to move ahead with their two-pronged strategy to enact the president's budget. The move comes as House GOP has attempted to get their own deal on the table.

Senate Republicans say they'll move forward with their own plan to approve key parts of the Trump agenda beginning next week, amid House delays.

House Republicans have finally released a blueprint that looks to accomplish President Trump's legislative priorities all in one bill. Bloomberg's Tyler Kendall has the details from the White House. She speaks on Bloomberg's ".

By lowering the threshold for passage in the Senate from two-thirds to a simple majority, it will allow the GOP to use their razor-thin majorities to get legislation signed into l