The bottom line: Passage of the rescissions package is another win for Trump as he nears the six-month mark of his second term. Fiscal hawks in the GOP may celebrate the spending cuts codifying DOGE’s ...

In a research note, Brusuelas said the data is consistent with an increase in the overall inflation rate to a range between 3 ...

Good evening. The Senate's rules referee sent Republicans scrambling today by determining that critical elements of their big bill don't meet the strict rules surrounding the reconciliation ...

Senate Republicans Scramble to Address Challenges to Their Megabill Senate Republicans are scrambling this week to finalize and pass the bill containing much of President Trump's legislative ...

President Donald Trump announced Wednesday morning that a deal easing trade tensions with China is “done,” pending final approval from him and Chinese President Xi Jinping. In a post on his ...

The sweeping Republican tax-and-spending bill that would deliver on much of President Donald Trump's agenda would increase deficits by about $2.8 trillion over 10 years, once its economic effects ...

The Congressional Budget Office estimates that the Republican reconciliation bill currently under consideration in the Senate will add nearly $3 trillion to the national debt over the next 10 ...

Good evening! On this date 95 years ago, President Herbert Hoover signed the Smoot-Hawley Tariff Act, raising tariffs on thousands of imported goods in a bid to protect domestic jobs and ...

The reconciliation bill containing much of President Trump’s agenda would provide a significant tax cut for high-income households, but low-income groups would receive far less of a boost and in ...

The Senate Finance Committee late Monday afternoon released the long-awaited text for its portion of the Republican budget reconciliation bill, including key changes to thorny elements of the ...

Get your popcorn ready. The burgeoning feud between President Donald Trump and Tesla founder Elon Musk, sparked by differences over the GOP tax and spending bill, got very public and very heated ...

The sweeping package of tax and spending cuts passed by House Republicans last month would add $2.4 trillion to the deficit over 10 years and result in nearly 11 million people losing health ...