The Republican Party in the U.S. Senate advances an economic plan, with Medicaid spending likely to become the focus of reforms.

According to reports, Republican senators in the United States are eager to finalize legislation regarding the core economic plan before July 4th, with plans to announce revised tax and healthcare provisions this week. The goal of the Senate Finance Committee is to achieve savings by cutting Medicaid spending, which may involve Medicare. This proposal is expected to differ from the version that narrowly passed in the House in May. The disclosure of the details of the proposal is likely to spark a new round of divisions between fiscal conservatives and moderates within the Republican Party.