House Speaker Mike Johnson (R-La.) on Thursday overcame a sizable revolt of his members and passed a budget resolution that was endorsed by President Trump. Why it matters: It puts Republican leaders one critical step closer to being able to pass a hulking fiscal bill that includes $4 trillion in tax cuts and a $5 trillion debt ceiling increase.

House Republicans have abruptly postponed a late evening vote on their budget framework as grave misgivings from conservative GOP lawmakers threw it in flux.