House Republicans pass Trump’s big bill budget bill
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The House narrowly approved Donald Trump’s massive tax and immigration legislation. Now, it heads to the Senate for the next stage of the lawmaking process.
The president’s efforts to rewrite the DNA of global commerce could complicate the fate of his “Big, Beautiful Bill,” either by diverting the president’s energy or by inviting lawmakers to make changes to the legislation to address unhappiness from the markets and the public.
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 House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.
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President Trump met with holdouts again Wednesday as leaders ramp up their efforts to build support around the bill.
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Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers.
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The GOP-backed One Big Beautiful Bill Act includes some big changes to the Supplemental Nutrition Assistance Program.
The budget bill passed Thursday by U.S. House Republicans seeks, among other cuts, to gut clean energy incentives to pay for President Donald Trump’s proposed tax breaks.
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,