Republican provisions to slash funding for the Consumer Financial Protection Bureau and other financial watchdogs violate budgetary rules, the U.S. Senate's nonpartisan referee said on Friday, jeopardizing their inclusion in a sweeping tax-cut and spending bill pushed by President Donald Trump.

For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing the credit available to parents, which would be set at $2,200 per child, beginning in the 2025 tax year. House Republicans had proposed to bump up the credit to $2,500, but only through 2028.