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Terrific "Bloomberg News colleagues Emily Birnbaum and Jarrell Dillard "ahead of the heard" again with the latest on the SALT-cap showdown, and tomorrow's continued super top-secret meetings. bloomberg.com/news/articles/…

Rep. Malliotakis said the SALT cap could grow to $80,000 for couples and $40,000 for individuals, but that could require other concessions. Fellow SALT lawmaker LaLota said they’re not close to a deal. (w/ Emily Birnbaum ) bloomberg.com/news/articles/…

Federal Reserve Chair Jerome Powell said policymakers are weighing changes to key parts of the framework that guides their monetary policy decisions bloomberg.com/news/articles/…

Rep. Jason Smith isn’t backing down on SALT, he said lawmakers should accept the $30,000 cap. “I have members of our conference that don’t even think that you should be able to deduct $1, let alone $30,000. It’s a fair and balanced approach” bloomberg.com/news/articles/…

We are still in the “NO NO NO NO NO” stage of congressional negotiations.

Smucker voted no to be able to bring the bill up again

Speaker Johnson says the bill will hit rules Cmte Tuesday or Wednesday Johnson hopes they can hold the floor vote by THURSDAY then recess

Tax Bill: next stop is Rules Committee which is planing a 1 am Wednesday meeting bloomberg.com/news/articles/…

Some excellent tax and policy reporters to follow: Samantha Handler Laura Weiss Richard Rubin Erik Wasson Zach C. Cohen Jarrell Dillard Steven Dennis Eleanor Mueller Meredith Lee Hill

New CBO analysis of the Trump tax & spending bill finds the bottom 10% of households would lose resources while the top 10% would see an increase

The 1am Rules hearing on the Trump tax bill has begun

The House Rules committee has been debating the tax & spending bill since 1 AM, but there is still no amendment that details the changes Republicans are making to the bill bloomberg.com/news/articles/…

RULES: Chip Roy says the bill is “not good”. “I’m a no !”