House Republicans passed their "big, beautiful" reconciliation bill early Thursday morning, sending to the Senate a filibuster-proof package.

Ray Dalio said Republicans and Democrats agree that the budget deficit needs to be addressed, but their political squabbling prevents a solution. Any bipartisan effort to reduce the budget wouldn’t happen until after the 2026 midterms,

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 tax credits enacted in 2022.

Republicans narrowly passed Donald Trump’s sweeping budget reconciliation bill through the House Wednesday night, including a last-minute provision that would not require gun owners to register the purchase of silencers.

Bond yields have spiked this week on investor concern over the tax bill swelling the US deficit. Here's why markets are worried.

The LA City Council approved a revised budget to close its deficit, which also reduced layoffs from roughly 1,600 to about 600.

It’s not yet clear how many layoffs will be necessary or how Denver city services will be affected, but deep cuts are unavoidable, Mayor Mike Johnston said.

Gov. Gavin Newsom’s revised state budget assumes California will see a sharp decline in projected revenue, largely because President Donald Trump’s tariffs will slow the nation’s economy.

I’m looking at this budget making some hard decisions and hard cuts, because that’s what governing is, and that’s what being an adult is,” the Democratic leader said.

The revised budget reduces proposed layoffs from 1,647 to 600, restores key civilian LAPD positions, and scales back funding for police and fire departments.

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.

PUSHING BACK — Trustees at the University of Florida are defending Santa Ono, the lone finalist for the post of president at the University of Florida, reports Gabrielle Russon of Florida Politics. Ono is angering some conservatives, but trustees sent out an email on Thursday designed to rebut criticism that Ono is too liberal to lead the school.