From cnbc.com

•The Senate passes a budget resolution, a key step on the way to tax reform. •It still needs to reconcile its budget proposal with a different one passed by the House. •Once Congress approves a budget, it will start writing a tax bill that Republicans hope to pass this year. Senate Republicans approved a budget measure Thursday, taking a crucial step toward their goal of passing a tax plan this year. Senators will now have to reconcile their budget resolution with a starkly different one passed by the House. Passing a budget unlocks reconciliation, which enables the GOP to pass a tax bill with a simple 51-vote ... (full story)

From nytimes.com

The Senate took a significant step toward rewriting the tax code on Thursday night with the passage of a budget blueprint that would protect a $1.5 trillion tax cut from a Democratic filibuster. The budget resolution could also pave the way for opening up the Arctic National Wildlife Refuge in Alaska to oil exploration by ensuring that drilling legislation can pass with only Republican votes. The Senate voted 51 to 49 to approve the blueprint. Despite having full control of the government, Republicans have so far been unable to produce a marquee legislative achievement in the first year of Mr. Trump’s presidency, ... (full story)