>> House Republicans unveiling an ambitious 2018 budget plan Tuesday that could let them rewrite the tax code without any support from Democrats. The $4 trillion blueprint, which must be approved by both the House and Senate, would set the stage for a Republican only repeal of the 2010 Dodd–Frank regulations on Wall Street.
It also includes billions in cutbacks from federal programs, including food stamps and benefits for federal employees over the next decade. Covering the year beginning October 1st, the budget plan is the latest Republican attempt to show they can govern since the party took control of both the White House and Congress.
But the cloud of in-fighting already threatens its success as Washington still struggles to enact legislation to repeal and replace Obamacare. The House Budget Committee is expected to approve the plan later this week, and send it to the floor for a full vote.