Under that assumption, the JCT reported this weekend that the tax portions of the Republican megabill would cost just $442 billion over 10 years — a huge drop from the previous estimate, which ...

* Tweaks to the phaseout of clean energy tax credits. The Senate plan reportedly would allow more projects to take advantage ...

Worries about rising debt: Asked about the Congressional Budget Office projection that the legislation would increase the national debt by about $3 trillion over 10 years, 63% of Americans ...

Elon Musk says he’s “disappointed” by the costly new tax and spending package that House Republicans passed last week. In an excerpt from a new interview with “CBS Sunday Morning,” Musk ...

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 ...

Happy Tuesday! The White House today sent Congress a long-anticipated package of $9.4 billion in approved spending it wants to see clawed back, including cuts to the State Department, the ...

Happy Friday! Here's your evening update to close out a wild week. As Trump and Musk Feud, Republicans Barrel Ahead on Tax Bill The aftershocks from Thursday's Republican-rattling public feud ...

Happy Monday! As Congress returns to action this week, Senate Republicans will be looking to put their imprint on the budget reconciliation bill passed by the House. Lawmakers in the House ...

The Congressional Budget Office will release a full cost estimate this week for the “One Big Beautifull Bill Act” passed by the House last month — ...

Trump Cheers Huge Decline in Imports. U.S. imports fell by a record amount in April, tumbling nearly 20% relative to March as tariffs imposed by President Trump choked off the flow of goods into ...

Happy Thursday! Here's what we're watching while waiting to see if the New York Knicks can extend their season. Trump's Sweeping Tariffs Temporarily Reinstated by Appeals Court After a U.S ...

The reconciliation bill containing much of President Trump’s agenda would provide a significant tax cut for high-income households, but low-income ...