Latest in Republicans stare down massive deficits to extend Trump tax cuts
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Trump Announces Project Stargate, a Massive New Investment in AI
The venture involves OpenAI, Softbank, and Oracle, and starts with an investment of $100 billion.Inc. - Jan. 21 -
Trump may use Medicaid cuts to fund tax reform. These states would be hit hardest.
President Donald Trump has long proposed cutting Medicaid, which covers healthcare for lower-income Americans.MarketWatch - Jan. 21 -
Breaking down Trump's health agenda
On his first day in office, President Trump signed executive orders to withdraw the U.S. from the World Health Organization and rescinded key Biden-era health care policies. CBS News Chief Medical ...CBS News - Jan. 21 -
Republicans kick off race to confirm Trump nominees
Senate Republicans are kicking off their race to quickly confirm President Trump’s Cabinet nominees, and they’re starting with his national security team. Senators began Monday evening by ...The Hill - Jan. 21 -
Tulsi Gabbard raked in massive income engaging Republican audience, filing shows
Tulsi Gabbard reported a net worth of $55 million to $127 million, her personal financial disclosure report shows.ABC News - Jan. 20 -
Democrat, Republican react to Trump's inauguration address
Two voters and friends who have spoken to CBS News in the past about their political differences break down their reactions to President Trump's inauguration address. CBS News' Gayle King spoke to ...CBS News - Jan. 20 -
Extended interview: Historians discuss Trump's return and the future of politics
"CBS Mornings" co-anchor Tony Dokoupil speaks with historians Julian Zelizer, Marsha Barrett, and Nicole Hemmer about a "new style of politics" and the legacy and impact of Donald Trump as he ...CBS News - Jan. 20 -
Breaking down Trump's inauguration address
President Trump delivered his inauguration address on Capitol Hill and broke down his intentions as the 47th president of the U.S. Mr. Trump mentioned foreign policy and immigration, among other ...CBS News - Jan. 20 -
Trump-backed crypto venture to extend token sales after raising $1bn
Entrepreneur Justin Sun among investors buying into World Liberty FinancialFinancial Times - Jan. 20 -
Can Trump handle the new Republican factions?
The party is united in personal loyalty to the president-elect, but it is now made up of multiple groups with very different agendasFinancial Times - Jan. 20 -
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.The New York Times - Jan. 17 -
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for their ...The Hill - Jan. 17 -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - Jan. 17 -
Trump’s Treasury pick warns unwinding tax cuts would spark ‘economic calamity’
Scott Bessent also tells US senators in heated confirmation hearing that he backs tougher sanctions on Russian oilFinancial Times - Jan. 16 -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - Jan. 16 -
How Trump’s Treasury Nominee Allegedly Avoided Nearly $1 Million in Taxes
Hedge fund manager Scott Bessent is facing questions about his personal taxes at a hearing on his treasury secretary nomination.Inc. - Jan. 16 -
These five Republicans are ready to derail Trump's tax cuts over the SALT cap
President-elect Donald Trump's signature tax cut bill could hinge on a House Republican fight over state and local tax deductions.CNBC - Jan. 16 -
Ukraine war briefing: Power cuts after ‘massive’ Russian missile strike
Australia summons Russian ambassador over PoW’s reported death; Lavrov says open for discussions with Trump. What we know on day 1,057. See all our Ukraine coverage Continue reading...The Guardian - Jan. 15 -
Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers
Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.The New York Times - Jan. 14 -
Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers
The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.The New York Times - Jan. 12 -
Trump’s return raises prospect of global tax war
Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffsFinancial Times - Jan. 12 -
House Republicans face massive debt problem
House Republicans have a problem. They want to pass a massive agenda for President-elect Trump, preferably in his first 100 days of office. And they don’t want to add to the federal deficit. That ...The Hill - Jan. 11 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
DHS extends TPS for Salvadorans, potentially complicating Trump's plans
The Biden administration on Friday extended a key humanitarian program for El Salvadoran nationals in a move that could complicate the incoming Trump administration’s plans to do away with ...The Hill - Jan. 10 -
Extended interview: L.A. fire chief on how budget cuts limited fire response "to a certain factor"
Los Angeles Fire Chief Kristin Crowley praises resilient firefighters as they battle fires across Los Angeles, talks about whether $17 million in budget cuts hampered the agency's wildfire ...CBS News - Jan. 10 -
66 days to cut down sugar: ‘I find myself enjoying the sweetness of my lip balm’
How long does it take to change a habit? It varies, but one paper suggests it takes an average of 66 days. We ask writers to change one thing in their lives within that timeframe … and tell us if ...The Guardian - Jan. 10 -
IGM Biosciences to cut 73% of workforce as latest pivot fails to pan out, sending stock down 69%
IGM Biosciences is again cutting staff as it scraps an autoimmune-drug trial after failing to achieve the desired results.MarketWatch - Jan. 10 -
Senate GOP fears landmines in House could derail Trump's tax agenda
Senate Republicans fear that President-elect Trump’s tax agenda could be derailed in the House by several potential landmines, including calls by some GOP lawmakers to raise corporate taxes and to ...The Hill - Jan. 10 -
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.The New York Times - Jan. 10 -
Warren questions Trump IRS nominee's experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience ...The Hill - Jan. 9 -
Trump to host Republican governors at Mar-a-Lago
President-elect Trump is hosting a slew of Republican governors at his Mar-a-Lago estate on Thursday night, seeking to get state leaders on the same page before he takes office later this month. ...The Hill - Jan. 9 -
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.The New York Times - Jan. 9 -
Gingrich urges Trump, GOP to pass tax cuts in 'one big, beautiful bill'
Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single wide-ranging reconciliation bill, arguing that the GOP’s narrow House ...The Hill - Jan. 8 -
Tips for cutting down winter heating costs and electricity bills
From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...NBC News - Jan. 8 -
Trump’s push for SALT tax reform threatened by hardline GOP budget hawks
The path of least resistance could be $5 trillion in new government debt.MarketWatch - Jan. 8 -
Republican v Republican: can Trump play peacemaker within his own party?
The president-elect’s intervention in Mike Johnson’s speakership win was a sign of his power over the party – but it was only the first test of many. Donald Trump to the rescue.. With Mike ...The Guardian - Jan. 8 -
3 reasons Trump keeps floating U.S. control of Greenland — including one tied to tax cuts
Here’s why President-elect Donald Trump keeps talking about one idea from his first term in office — getting control of Greenland, the giant territory controlled by Denmark.MarketWatch - Jan. 8 -
Speaker Johnson: ‘Intention’ is to increase debt limit in massive Trump agenda bill
Speaker Mike Johnson (R-La.) said that congressional Republicans plan to increase the nation’s borrowing limit as a part of a massive party-line bill that they are crafting that will encapsulate ...The Hill - Jan. 7 -
Trump confronts high trade deficits again as he weighs tariffs. But there’s no quick fix.
The U.S. trade deficit rose 6% to nearly $80 billion near the end of 2024, leaving Donald Trump with a gap that’s almost twice as high as when he first took office as president eight years ago.MarketWatch - Jan. 7 -
Trump to meet with Senate Republicans on Wednesday
President-elect Trump will be on Capitol Hill on Wednesday at the invitation of Senate Republican leadership, according to three sources familiar with the invitation. GOP leaders haven’t released ...The Hill - Jan. 6