Trump, Senate and Tips Act
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Trump, House committee
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Trump, Capitol Hill and GOP
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3hon MSN
Trump backed spending bill clears one hurdle and is set to head to the House. Here's the latest on no tax on tips, overtime and more.
A handful of hardline U.S. House of Representatives Republicans, concerned that President Donald Trump's tax cut bill does not sufficiently cut spending, were headed to the White House on Wednesday as the party struggled to unify around a path forward.
Some $500 billion in cuts to Medicare could be avoided if Congress instructs the White House budget office to disregard the reconciliation package’s debt impact.
GOP leaders worked late into the night to convince skeptical Republicans who have problems on several fronts, including worries that it will pile onto the nation's $36-trillion debt.
House Speaker Mike Johnson must unify his conference's hard-line conservatives and its moderate Republicans from blue states.
President Trump is betting a controversial tax package will win over voters who are skeptical of tariffs, which threaten to raise consumer prices. The bill contains versions of his campaign-trail pledge to eliminate taxes on tips,
The S&P 500 slipped in volatile trading and Treasury yields rose on Wednesday as U.S. President Donald Trump's proposed tax-cut law faced a rare overnight hearing aimed at influencing Republican holdouts opposed to the bill's passage.
Another spike in Treasury bond yields puts lawmakers in a tricky spot as they push for big cuts that could drastically swell America’s debt pile.