The major tax bill that Republicans hope to pass through the House later this week will require the federal government to borrow more heavily for the next five years, while postponing spending cuts and other deficit-reducing measures until 2028 or beyond.

Some $500 billion in cuts to Medicare could be avoided if Congress instructs the White House budget office to disregard the reconciliation package’s debt impact.

The House Rules Committee held an overnight hearing over President Trump's megabill. NBC News' Correspondents Garrett Haake and Julie Tsirkin report more. The Hill Congressional reporter Mychael Schnell joins Ana Cabrera to report more on the lingering divisions in the GOP over spending.