The Republican proposal would eliminate Grad PLUS loans, set strict limits on Parent PLUS loans and create a system in which colleges would be on the hook if their students don't repay their loans.

The vote brings Republicans a step closer to finalizing a sweeping plan to address defense, energy, immigration and tax policy. But a number of potential wildcards must still be sorted out.

If passed, the package could become a hallmark of President Trump's second term. But a number of obstacles remain ahead.

The chambers are at odds about the best way to approach President Trump's legislative priorities, which could set them up for a showdown.

Senate Majority Leader Chuck Schumer has repeatedly said Democrats are on track to pass the Inflation Reduction Act in the coming days, but a few roadblocks still stand in the way.

Lawmakers are juggling must-pass items, like addressing the nation's borrowing authority and an annual defense authorization package, along with major political priorities for Democrats.

The key climate element of President Biden's $3.5 trillion budget proposal appears to be in jeopardy, threatening environmental goals and global credibility.