In Washington, Congressional Republicans, including all from Texas, passed what President Trump has called the "big, beautiful bill." It makes permanent the tax cuts approved during the President's first term.

WASHINGTON – President Donald Trump 's sweeping tax and policy bill that would change Americans' everyday lives has cleared one big hurdle after several marathon days of negotiations in the U.S. House and an assist from the president himself. But the 1,000-plus-page legislation is still a long way from becoming a law.

House Republicans secured $12 billion in their reconciliation bill for states that incurred costs over the border crisis during the Biden administration.

The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

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

Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,” said the fourth-highest-ranking House Democrat.

The president’s economic policy approach is so far rattling markets, businesses and consumers. One day after House Republicans approved an expensive package of tax cuts that rattled financial markets,