New York's political leaders are trading barbs over a provision in President Donald Trump's "big, beautiful" budget bill that increases the SALT deduction, with Republicans praising the move as a tax cut and Democrats blasting them for not lifting the tax exemption.

House GOP leaders are pressing lawmakers to get on board with the massive framework that includes Trump’s priorities on energy, border, national security and tax reform.

Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.

Freedom Caucus Chairman Andy Harris said there is “no way” the “One Big Beautiful Bill Act” passes in the House on Wednesday.

The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment gains, a move proponents say reins in "woke" schools but that critics say will wind up hurting the poorest students the most.

The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,

Trump hosted the president of South Africa at the White House. What happened: Trump criticized Cyril Ramaphosa for his country’s treatment of Afrikaners, pushing genocide claims and playing a video he falsely said depicted burial sites for White farmers.

Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,