The biggest hurdle in the Senate for Trump’s tax and immigration bill could come — like it did in the House — from deficit hawks who demand more cuts.

Rep. Derrick Van Orden (R-Wis.) said Democrats are "lying" about the sweeping GOP plan to cut $1 trillion from federal health and food programs.

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and local taxes, or SALT. The deduction, now capped at $10,000, would rise to $40,000 for those with taxable incomes of less than $500,000.

The House votes in favor of "big beautiful bill." If bill passes Senate, some will see tax cuts and millions could lose Medicaid coverage.

It’s no surprise that Senate Republicans differ from their House counterparts. From the outset, GOP senators wanted to do the tax part of the legislation as its own bill instead of piling it all into one gigantic piece of legislation. Some senators are still talking about doing separate bills.

Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching $1 trillion a year – on par with proposed Defense spending.

Former USDA Secretary and Iowa Gov. Tom Vilsack keynoted the Dallas County Democrats' annual Spring Dinner on May 22.

The bond market has a sleepy reputation, but it can pack a punch when alarmed. And worries are now growing about tax cuts pushed by Washington and how they'll inflate the U.S. government's debt.

Oklahoma legislators are debating an income tax cut amid budget uncertainties. Despite financial unknowns, including potential federal funding cuts, some lawmakers support a 0.25% income tax reduction. Senate and House leaders are negotiating the budget ...

Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam.