Many low-income families would see cuts in health care and food benefits. The state hopes for a big reimbursement for border security spending.

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.

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.

President Trump met with holdouts again Wednesday as leaders ramp up their efforts to build support around the bill.

WASHINGTON (Reuters) -The House budget bill that narrowly passed in an early morning vote on Thursday would effectively put the brakes on a clean energy production boom in the United States spurred by subsidies enacted in 2022.

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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,