House Republicans are in the final rounds of negotiations over a sweeping budget plan that has been significantly influenced by President Donald Trump's priorities.

By David Morgan and Bo Erickson WASHINGTON (Reuters) -Hardline Republicans in the U.S. House of Representatives blocked President Donald Trump's sweeping tax bill on Friday over concerns it did not do enough to cut spending hours before Moody's stripped the federal government of its once top-tier credit rating.

There were cheers when Republicans on the House Ways and Means Committee signed off on the GOP tax breaks bill after a round-the-clock session that pushed President Donald Trump’s package past overwhelming Democratic opposition.