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 ...

Good evening. President Donald Trump just announced a ceasefire between Israel and Iran that he said he hopes will become permanent. That news comes after Iran launched a missile attack on the Al ...

The sweeping Republican tax-and-spending bill that would deliver on much of President Donald Trump's agenda would increase ...

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 ...

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

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 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 ...

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 ...

Republicans returning to Capitol Hill next week will have plenty of decisions to make as they draft their massive package of trillions of dollars in tax breaks and spending reductions.

As the United States and China battle over tariffs and the fate of the global economy hangs in the balance, the two sides don’t even agree on whether they’re engaged in negotiations.

Treasury Secretary Scott Bessent told a group of investors Tuesday that the punishing trade war between the U.S. and China cannot be sustained, and he expects it to ease in the near future.

American consumers are growing increasingly worried about their financial futures, with growing concerns about a weakening economy and rising inflation driven by President Donald Trump’s tariff war.